Case Underwriting Analyst

Securian Financial • Saint Paul, MN

1d • $48,200 - $91,000 • Hybrid

About The Position

The Case Underwriting Analyst joins Securian Financial’s Case Underwriting department and supports Employee Benefit Solutions’ employer group market sales, earnings, and retention goals by underwriting and servicing group life plans. The role works with internal and external partners to identify needs, develop solutions, and deliver results in a fast-paced environment with high service standards and demanding deadlines. Case Underwriters collaborate with associates throughout the Employee Benefit Solutions division and contribute to its financial and service objectives.

The analyst manages underwriting for prospective and in-force life insurance plans, develops expertise in group term life products, and uses underwriting guidelines, tools, and models to determine renewal rates and analyze plan designs. The role evaluates requests for plan changes, supports growth opportunities, communicates and negotiates pricing and plan design decisions, implements changes, assists with new sales, and contributes to projects that improve underwriting and servicing capabilities.

This position has a hybrid working arrangement. Associates who live within a 90-minute commute of Securian Financial’s Home Office in St. Paul, Minnesota, work from the office three or more days each week. The estimated base pay range is $48,200 to $91,000; pay may vary based on job-related factors and individual experience, skills, and knowledge.

Requirements

• Analytical and mathematical skills to understand and use sophisticated pricing models to make appropriate pricing recommendations and decisions.
• Strong communication and negotiation skills to explain complex pricing methodology, achieve outcomes favorable for clients and Securian, and develop and maintain effective relationships with internal and external partners.
• Excellent attention to detail and accuracy.
• Excellent organizational and time-management skills to meet tight deadlines and manage active workloads.
• Strong service attitude, including approachability and flexibility when interacting with partners.
• Ability to work effectively both as part of a team and independently.
• Proficiency with Excel.

Nice To Haves

• Knowledge of the life insurance product suite, administrative capabilities, and market.
• Preferred skills: data management, detail orientation, problem solving, process management, regulatory interpretation, and underwriting analysis.

Responsibilities

• Manage all aspects of case underwriting for prospective and in-force life insurance plans.
• Develop in-depth knowledge and product expertise related to the group term life insurance product suite.
• Use underwriting guidelines, tools, and models to develop appropriate renewal rates; complete plan design analyses and supporting renewal documentation.
• Manage incoming requests for plan changes, make appropriate decisions and offers, and support growth initiatives by identifying opportunities to expand product offerings and increase premiums on targeted in-force plans.
• Communicate pricing and plan design decisions to internal and external partners and negotiate acceptable outcomes.
• Ensure new business proposals, renewals, and in-force casework meet deadlines and quality standards.
• Implement rate and plan changes and provide required documentation to internal and external parties.
• Support implementation of new sales.
• Assist the Case Underwriting department with additional in-force and prospective business requests as needed.
• Work on special projects to improve the unit’s underwriting and servicing capabilities.

Benefits

• Paid time off, with additional PTO based on length of service.
• Flexible leave programs, including parental, caregiver, bereavement, and military leave.
• Nine company-paid holidays.
• Company-funded pension plan.
• 401(k) retirement plan with a company contribution tied to company performance, up to 10% of eligible earnings, with a target of 5%.
• Medical, dental, and vision coverage for associates and eligible family members from the first day of employment.
• Paid volunteer time and a dollar-for-dollar matching gift program.
• Associate Resource Groups.

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed