Illinois Mutual Life Insurance Company-posted about 7 hours ago
Full-time • Entry Level
Hybrid • Peoria, IL
101-250 employees

The Underwriter Trainee underwrites individual disability income insurance applications, within guidelines set for the issuance of policies on a standard or substandard basis. The Underwriter Trainee works very closely with the Underwriting management, supervisor and/or higher-level underwriters who initially reviews all Underwriter Trainee work.

  • Facilitate the sales process while underwriting application files by ensuring reasonable and timely underwriting decisions within established service level objectives.
  • As directed, may have contact with the field force to gather information on which to base decisions.
  • May be granted authority to approve applications up to specific standards (or better) and substandard limits.
  • Submits for review by superiors those applications requiring higher ratings or amounts in excess of prescribed limits.
  • Learn about the Disability insurance industry, the Company, its products, services, underwriting and the position.
  • Timely, consistent and progressive assimilation of the knowledge and skills necessary to achieve a level of self-sufficiency warranting promotion to the position of Underwriter.
  • Comply with applicable rules procedures, regulations and laws
  • Attend meetings and complete specific underwriting related projects as directed
  • Bachelor’s degree required – preferably in Insurance, Risk Management, Accounting, Finance or similar discipline
  • 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
  • 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
  • Work well in a team environment, excelling both individually and collectively
  • Basic computer skills to include proficiency with Microsoft Office programs (Word, Excel, Outlook)
  • Bilingual proficiency a plus
  • 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
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