Associate Underwriter

Delta Dental Plan of Michigan • Okemos, MI

2d • Hybrid

About The Position

The Associate Underwriter performs underwriting functions that support Enterprise goals and objectives, including new business and an assigned book of business for cases with fewer than 500 subscribers. The role develops an understanding of insurance concepts, dental and/or vision terminology, benefits, risk assessment, underwriting guidelines, contract language, and underwriting processes and procedures.

The Associate Underwriter evaluates risk, develops and approves renewal rates, and approves contracts for an assigned book of business in accordance with approved rating formulas and methodologies. The role also determines and defines eligibility and approves new-business rates, proposals, and contracts. It responds to interdepartmental requests and manages a book of business to support sales, retention, and profitability expectations while meeting internal quality and turnaround metrics. Other related duties may be assigned as necessary. The position is hybrid in Okemos, Michigan, and requires occasional travel.

Requirements

• Associate degree in accounting, business administration, finance, mathematics, or a related field, and two years of experience analyzing data and using mathematical and algebraic theories and formulas; a suitable combination of education, training, or experience will be accepted.
• Knowledge of mathematical and algebraic theories and formulas.
• Knowledge of word-processing and spreadsheet applications.
• Strong analytical skills.
• Strong organizational skills.
• Strong verbal and written communication skills.
• Ability to work independently and as part of a team.
• Occasional travel is required.

Nice To Haves

• Bachelor’s degree in mathematics or a related field preferred.

Responsibilities

• Develop an understanding of insurance concepts, dental and/or vision terminology, benefits, risk assessment, underwriting guidelines, contract language, and underwriting processes and procedures.
• Evaluate risk, develop and approve renewal rates, and approve contracts for an assigned book of business consistent with approved rating formulas and methodologies.
• Determine and define eligibility and approve new-business rates, proposals, and contracts.
• Respond to interdepartmental requests and manage an assigned book of business to meet new-sales, retention, and profitability expectations.
• Meet internal quality and turnaround metrics.
• Perform other related assigned duties as necessary to complete the primary responsibilities.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree