Underwriter - Group Reinsurance Plus
About The Position
The Underwriter will join the Group Reinsurance Plus underwriting team and handle group Disability and Life case presales, sold new business, renewals, and in-force business opportunities. The role supports building underwriting skills while working with client company underwriters to negotiate rates and ensure profitability within established underwriting guidelines and authority levels. The Underwriter will learn how to rate and build plan designs, use pricing tools, and provide risk management and pricing support to Group Reinsurance Plus client company staff. The role develops underwriting skills and technical proficiency with underwriting guidelines and the underlying risk management philosophy. The position underwrites pre-sale, sold new business, and renewal groups of up to 500 lives, and applies an understanding of pricing components, risk factors, manual rates, risk classification, pricing targets, and reinsurance. This is a hybrid role requiring work in an office three days a week, Tuesday through Thursday. The listed annualized base pay range is $53,618–$80,427. Actual pay may vary based on factors including performance, proficiency, and demonstrated competencies. Compensation may also include short-term or annual bonuses, long-term incentives, and on-the-spot recognition.
Requirements
- At least 1 year of Group Benefits Underwriting or related experience.
- Proficiency in manually rating group LTD, STD, Life, and AD&D coverage.
- Basic proficiency in experience rating STD and LTD lines where applicable.
- Strong communication, presentation, interpersonal, analytical, and research skills.
- Solid Microsoft Office knowledge, including Excel formulas, Word, and PowerPoint.
- Understanding of pricing elements including risk factors, manual rates, risk classification, pricing targets, and reinsurance.
Responsibilities
- Underwrite pre-sale, sold new business, and renewal groups of up to 500 lives.
- Work with client company underwriters to negotiate rates and ensure profitability on assigned business within established underwriting guidelines and authority levels.
- Learn rating processes and plan design development.
- Use pricing tools and provide risk management and pricing support to Group Reinsurance Plus client company staff.
- Apply Group Reinsurance Plus underwriting guidelines when making decisions.
- Understand pricing tool outputs, key concepts, and the logic behind the tools.
- Complete data integrity reports promptly.
- Build relationships with internal and external business partners.
- Work directly with client company underwriting and sales personnel on presales, new business, renewals, and service issues.
- Negotiate prices and benefit options with client company underwriters.
- Develop presentation skills for internal underwriting discussions.
Benefits
- Short-term or annual bonuses may be offered.
- Long-term incentives may be offered.
- On-the-spot recognition may be offered.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
