Senior Group Underwriter

June 1

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Horace Mann

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We're here for all school employees! Helping them live better and retire happier.

Auto Insurance • Home Insurance • Renters Insurance • Life Insurance and Retirement Annuities for Educators • Supplemental Insurance

1001 - 5000

Description

• The Senior Group Underwriter performs risk appraisals to maximize revenues while minimizing risks consistent with underwriting guidelines for traditional group life, disability and group worksite life, disability, critical illness, accident, and hospital indemnity products. The Sr. Group Underwriter will provide accurate and timely evaluation and rating of prospects, new groups, amendments, and renewals and serves as a technical resource to Underwriters and Underwriting Assistants. This is a remote position. • Provides accurate and timely proposals, renewals, plan changes and sold cases through analysis of group’s risk characteristics. Assure premium income adequately reflects the group’s risk and that contracts meet legal and company standards. Serves as a technical resource for the Associate Underwriters and Underwriting Assistants, regarding underwriting policies and procedures. Identifies training needs and provides coaching on day-to-day operations and assignments. Corresponds with inside and outside Marketing/Sales personnel, Actuarial and legal resources, Systems, Billing, Administration, Underwriting and Claims to assess plan changes, extensions of coverage, and benefit changes. Responds to written and verbal inquiries from policyholders, sales personnel, and internal departments, including discussion of in-force policy provisions, claims experience and technical aspects of specific financial arrangements. Monitors rate and benefit changes to ensure timely, accurate, and profitable implementation of amendments. Evaluates appropriateness of alternate funding arrangements including administrative services only (ASO) arrangements. Manages underwriting accounts to ensure retention and profitability. May deliver training sessions to sales and marketing personnel, groups and internal departments on rating structures, financial arrangements, funding, products, contracts and general benefit descriptions. Maintains in-depth knowledge of contract provisions, OCI statues, insurance laws and mandated benefits corresponding to benefits provided. Maintains constructive relationships with reinsurers through professional communication and understanding of reinsurance agreements. Assures compliance with reinsurance underwriting standards and limitations. Performs proper documentation of underwriting files including but not limited to manual rates, rate calculations, phone conversations and any written or verbal agreements. Utilizes in-depth knowledge of formulas, trending, reserving procedures, and claims allocation to create experience exhibits for internal and external clients/customers.

Requirements

• High school Diploma or GED required. • Bachelor’s degree preferred in a field related to Math, Statistics, or Insurance Business. • 5+ years of experience in group life and disability underwriting required. • Requires excellent verbal and written communication skills. • Must have thorough understanding of underwriting, including all aspects involved in the development of experience rates. • Must be able to effectively work on a team and independently. • Candidate must possess superior problem-solving ability, organizational skills, and analytical ability. • Working knowledge of Microsoft Word and Microsoft Excel required. • Minimal travel may be required.

Benefits

• 11 paid holidays • Generous Accrued Time Off increasing with years of service • Generous paid sick time • Annual day of service