Senior Underwriting Specialist

Knights of Columbus

3d•Hybrid

About The Position

The Senior Underwriting Specialist underwrites individual life insurance contracts with face amounts over $1,000,000 and aggregate amounts above $1.5 million. The role selects individual life insurance risks and binds the Knights of Columbus on each contract. It appraises and classifies applications, deciding whether to approve or decline them, and determines extra premiums for medical impairments and special hazards. The specialist may also provide second reviews of special cases, communicate with field force and Home Office personnel, and answer underwriting-policy and application inquiries.

Requirements

Knowledge of medical terminology and human anatomy, with the ability to understand and apply medical knowledge to insurance applications.
Knowledge of federal and state insurance regulations.
Ability to interpret EKG results.
BS or BA degree.
LOMA and ALU courses.

Nice To Haves

Knowledge of Knights of Columbus policies and insurance products or offerings.
Knowledge of reinsurance treaties and procedures.
Problem-solving and analytical skills.
Good business judgment and risk-assessment skills.
Effective oral and written communication skills.
Ability to make informed, independent decisions.
Attention to detail.
8–10 years of individual life underwriting experience or an equivalent combination of education and experience.

Responsibilities

Appraise, classify, and approve or decline applications for new insurance, plan changes, conversions, exchanges, reinstatements, and additions of benefits.
Determine extra premiums for medical impairments and special hazards, including aviation, occupation, foreign residence and travel, and unusual avocations.
Classify insurance applicants to eliminate adverse selection while maintaining equitable mortality.
Provide second reviews of special cases for accuracy and adherence to underwriting standards as needed.
Communicate with field force and Home Office personnel regarding insurance applications and adjustments.
Answer routine inquiries from other departments and field force concerning underwriting policies, practices, and procedures related to individual applications.

Benefits

13 paid holidays per year, in addition to vacation and paid sick leave.
Flexible workweek schedules.
Certifications, designations, and tuition reimbursement.
401(k) retirement savings plan with matching company contributions.
Company-funded cash balance retirement plans.
Short-term disability and term life insurance fully paid by the company.
Up to 12 weeks of childbirth leave under the short-term disability policy.
One week of fully paid parental leave for all new parents, including adoptive and foster parents.
A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions.
Long-term disability insurance.
Dental insurance.
Vision insurance.
Health club membership reimbursement.
Employee Assistance Program.