Underwriter II - Employee Benefits Priority Business
About The Position
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future. The Underwriter will be part of the Priority Business (PB) Team and is responsible for: New Business, Renewals, and Inforce business opportunities which will help to build and sharpen technology (PRISM, rating system) skills. Working with Sales to negotiate rates and ensure profitability on Renewals. Ownership of assigned Sales office and to be a part of the overall block and pricing strategies. In this role you will have an opportunity to: Learn the intricacies of rating and building plan designs, work with pricing tools, and serve as strategic reserve for other underwriters to allow for growth and upmarket moves. Develop emerging underwriting skills and consistent technical proficiency of underwriting guidelines and underlying risk management philosophy. Effectively and independently handle renewal ratings by building the formula and needed picks using Short Term Disability (STD) Incurral. Establish solid relationships with all internal and external business partners, negotiating prices and benefit options with the sales team and brokers. Actively drive and participate in an assigned amount of project work and special assignments. Ensure data integrity reports are promptly completed. Demonstrate understanding of the elements of pricing including risk factors, manual rates, risk classification, pricing targets and reinsurance. Working on STD Incurral, Administrative Service Offerings (ASO) STD, Leave Management, AMT Tool and SAADD tools (Pricing tools).
Requirements
- Minimum of 1+ years of Employee Benefits underwriting or related experience
- Strong interpersonal and business communication skills
- Microsoft Excel expertise including formulas, sorting, v-look-ups, and pivot tables
- Strong communication, presentation, interpersonal, analytical and research skills
Nice To Haves
- Dental and Vision underwriting or product experience is a plus
Responsibilities
- New Business, Renewals, and Inforce business opportunities
- Negotiate rates and ensure profitability on Renewals
- Ownership of assigned Sales office and to be a part of the overall block and pricing strategies
- Learn the intricacies of rating and building plan designs, work with pricing tools
- Serve as strategic reserve for other underwriters to allow for growth and upmarket moves
- Develop emerging underwriting skills and consistent technical proficiency of underwriting guidelines and underlying risk management philosophy
- Effectively and independently handle renewal ratings by building the formula and needed picks using Short Term Disability (STD) Incurral
- Establish solid relationships with all internal and external business partners, negotiating prices and benefit options with the sales team and brokers
- Actively drive and participate in an assigned amount of project work and special assignments
- Ensure data integrity reports are promptly completed
- Demonstrate understanding of the elements of pricing including risk factors, manual rates, risk classification, pricing targets and reinsurance
- Working on STD Incurral, Administrative Service Offerings (ASO) STD, Leave Management, AMT Tool and SAADD tools (Pricing tools)
Benefits
- short-term or annual bonuses
- long-term incentives
- on-the-spot recognition
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
