Senior Underwriter, Individual Disability Income Insurance

Illinois Mutual • Peoria, IL

8d • $82,000 - $84,000 • Hybrid

About The Position

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.

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.
• Must demonstrate and apply critical thinking skills.
• 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).

Nice To Haves

• Industry education designation (FLMI, FALU, CLU etc.) or course work completion preferred.
• Bilingual proficiency a plus.

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.
• Provide training and guidance to less experienced staff and have the authority to audit or co-sign cases.
• Represent the company at business meetings and industry functions and deliver underwriting presentations.

Benefits

• Compressed 4 1/2-day work week (Half-Day Fridays)
• No monthly premium cost for employee medical, life and disability insurance coverage
• Paid time-off accrual, including annual rollover; and paid holidays
• Competitive 401(k) plan with immediate vesting on Company contributions
• Discounted on-site employee cafeteria
• On-site exercise facility and company-provided exercise time
• Tuition reimbursement and training incentives
• Access to voluntary dental and vision insurance coverage

What This Job Offers

• Job Type: Full-time
• Career Level: Senior