Underwriter Trainee, Individual Disability Income Insurance

Illinois Mutual Life Insurance Company • Peoria, IL

just now • Hybrid

About The Position

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.

Requirements

• 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)

Nice To Haves

• 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.
• 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

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: Entry Level