Senior Underwriter, Individual Disability Income Insurance

Description

Job Summary

The Senior Underwriter underwrites individual disability income insurance applications to include larger or more complex risks, within guidelines set for the issuance of policies on a standard or substandard basis. The Senior Underwriter has authority to approve larger or more involved cases than those handled by less experienced underwriters.  

Primary Responsibilities

• Facilitate the sales process while underwriting application files by ensuring reasonable and timely underwriting decisions within established service level objectives and/or assisting underwriters to do the same.
• Determines whether to accept, modify or decline a risk through evaluation of an individual’s medical history or physical condition, occupational hazards, financial background, insurable interest and other information pertinent to the decision. 
• Submits for review by superiors those applications requiring higher ratings or amounts in excess of prescribed limits.
• Has frequent contact with the field force to gather information on which to base decisions, and to communicate and explain underwriting courses of action. 
• Demonstrate knowledge about the Disability insurance industry, the Company, its products, services and underwriting. 
• Provides professional, self-sufficient, knowledgeable and skillful risk selection 
• Develop professional customer relationships with the ability to negotiate equitable solutions 
• Comply with applicable rules, procedures, regulations and laws
• Attend meetings and complete specific underwriting related projects as directed
• Consults with superiors or medical department concerning any questionable medical or personal situations.  
• May also review and take action on reinstatements and changes in existing policies.  
• May provide training and guidance to less experienced staff and have the authority to audit or co-sign cases.  
• May represent the company at business meetings and industry functions and deliver underwriting presentations.

Requirements

Requirements

• Bachelor’s degree* required – preferably in Insurance, Risk Management, Accounting, Finance or similar discipline 
• Minimum 4 years of progressive underwriting experience with consistent track of record success
• Strong service oriented work ethic to understand, anticipate and satisfy customer business needs
• Excellent communication (written and verbal), analytical, organizational and problem solving skills
• Goal oriented, results driven, accountable and reliable
• Demonstrate integrity, a positive attitude, sound judgment and attention to detail
• Self-directed with the ability to multi-task in a fast past environment while under pressure to perform
• Self-motivated with the ability to learn on your own to supplement training provided
• Ability to learn quickly, adapt to change and work independently
• Commitment to quality, innovation and improvement
• Work well in a team environment, excelling both individually and collectively
• Basic computer skills to include proficiency with Microsoft Office programs (Word, Excel, Outlook)
• Industry education designation (FLMI, FALU, CLU etc.) or course work completion preferred 
• Bilingual proficiency a plus

* College or university must be sufficiently accredited and listed in the U.S. Department of Education Accreditation Directory.