Sr. Underwriter

Found in: beBee jobs US - 3 weeks ago

McKinney, Texas, United States Globe Life Family of Companies Full time
Job Description

Review and analyze requests for proposals for insurance coverage for prospective groups and needed rate actions for in-force groups at renewal. Aided by underwriting software and related computer programs, and assess the risk involved within prospective groups, as well as determine the premium rates for the coverage requested.

Primary Duties & Responsibilities
  • Use rating tools and industry knowledge to make balanced assessments of the risks and rewards of sales opportunities and rate quote requests from information provided by Sales Directors. Includes:
    • Understanding group and competitive information provided to accurately evaluate opportunities.
    • Accurately entering group details into a rating tool.
    • Analyzing and adjusting the standard output based on group information on file; and determine what rates and terms to offer.
  • Ability to review complex rating requests and decide premium rates with limited oversight while following established underwriting guidelines.
  • Enter decisions and rates, and request proposals from the Proposal Team in SalesForce, log group details and rating into actuarial database tools.
  • Communicate effectively with internal stakeholders. Includes requesting additional information from Sales Directors and communication rationale for declining to quote as needed; and communicating rates and terms to the Proposals/ Implementation team.
  • Analyze available reporting to understand the risk profile of the division book by product.
  • Work with Actuarial & Chief Underwriter to review renewal groups to determine rate action at Policy Anniversary within required timeframes. Record all renewal decisions in SalesForce and move renewal tasks forward.
Required Skills
  • Applies advanced strategic knowledge of group insurance and supplemental/voluntary insurance industry
  • Able to resolve complex circumstances related to offerings/request for group coverage
  • Able to work independently with only general supervision past on-boarding
  • Strong attention to detail; well-organized and efficient; proficient at documentation
  • Proficient with Microsoft office tools, SalesForce, SQL and other data analytic and reporting tools, and internet research skills
  • Aptitude for working in a collaborative environment with other functional areas within the company.
  • Comfortable with quantitative work and logical thinking
  • Strong written and verbal communication skills; ability to communicate clearly the information needed to evaluate an opportunity along with reasons for decisions.
  • Understanding of underwriting policies and risk appetites, and industry standards and the legal, organizational and administrative impacts of underwriting decisions; able to clearly explain facts, policies and practices.
  • Values, supports, and exemplifies Globe cultural values of teamwork, trust, gratitude and respect.
  • Reliable and predictable attendance of your assigned shift & ability to work full time.
Required Experience
  • Bachelor's Degree or equivalent experience
  • Minimum of 7+ years' experience with Group Insurance sales and service
  • Underwriter certification, a plus
  • Experience in building and fostering multi-disciplinary team collaboration

  • Sr. Underwriter

    Found in: beBee S US - 3 weeks ago

    McKinney, United States Globe Life Inc. Full time

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