Insurance Application Analyst

iA Financial Group (Industrial Alliance)•Waco, TX

7d•Hybrid

About The Position

As an Insurance Application Analyst, you will play a key role in audits submitted applications for accuracy and completeness. Reviews and will be authorized to render underwriting decisions within stated guidelines and also supports various ancillary tasks as required. This position is a great opportunity to showcase your skills and fully realize your potential within a caring and trustworthy company. Here, people and their development are at the heart of our priorities, fostering an environment that encourages collaboration and innovation.

Requirements

Solid understanding of all company products, plans and applications.
Solid working knowledge of MIB codes and medications pertinent to all products and plans.
Strong knowledge of MS Word, Outlook and Excel and the ability to learn internal operating systems quickly and effectively.
Ability to work independently as well as work effectively in a team environment.
Authorized to work for any employer in the U.S.

Responsibilities

Serving as a Quality check point is responsible for reviewing all new business applications to ensure accurate data entry.
Reviews ‘final expense’ and ‘simplified issue’ applications with the goal to render a decision on insurability: approvals, declinations, and plan changes within stated guidelines (authorized approval limit of $300k).
Conducts research to determine applicant coverage. May include MVR searches, criminal record searches, various vendor websites, etc.
Monitors and identifies concerns with agent business practices. Responsible for reviewing the life being underwritten and determining the necessary requirements to continue the review process.
Preparation of the actual correspondence that goes out to the agent.
Enters accurate and complete detailed notes on the operating system to ensure that anyone reviewing the case understands what action has been taken, why it has been taken and what is currently required on the file.
Conduct Company business in accordance with all applicable laws, regulations, and contractual obligations.
Behave ethically and with integrity and always follow the principles of the Compliance Program when making business decisions. Compliance with this program is a condition of employment for every American-Amicable employee.