Insurance Underwriting Coordinator

2 weeks ago


Peoria, Illinois, United States Illinois Mutual Life Insurance Company Full time
Job Overview

Position Summary

The Insurance Underwriting Coordinator plays a crucial role in delivering administrative assistance to underwriters and management, ensuring a smooth and efficient underwriting workflow.

Key Responsibilities

  • Inputs information from paper insurance applications into the new business application system and collaborates with agents to obtain any necessary details from prospective policyholders.
  • Manages the ordering of all underwriting prerequisites, including Attending Physician Statements (APS), Paramedical Exams, Inspection Reports, and other medical documentation as required by the Underwriter.
  • Regularly follows up with agents and vendors through phone and email regarding outstanding underwriting administrative tasks to prepare cases for policy evaluation.
  • Collaborates with underwriters to prioritize and organize workloads, ensuring timely processing, issuance, and placement of cases while maintaining open communication with agents and underwriters.
  • Reviews issued policies for accuracy prior to distribution to agents.
  • Engages with agents regarding policy delivery requirements, including application modifications, health statements, and premium payments to ensure policies are finalized within the designated timeframe.
  • Exhibits a strong and consistent understanding of underwriting guidelines to facilitate the timely closure of cases.
  • Maintains comprehensive knowledge of underwriting workflows to assist agents and brokers in processing business efficiently.
  • Adheres to confidentiality protocols.
  • Performs additional duties as assigned, including participation in specific projects.

Qualifications

  • High school diploma or equivalent is required.
  • Demonstrated motivation and organizational skills.
  • Ability to follow and execute multi-step instructions and procedures.
  • Capable of handling various tasks in a dynamic work environment.
  • Able to work independently as well as collaboratively with a diverse team.
  • Strong attention to detail is essential.
  • Customer service orientation is a must.
  • Proficient keyboarding skills with a minimum typing speed of 40 words per minute.
  • Excellent written and verbal communication abilities.
  • Familiarity with Microsoft Office applications (Word, Excel, Outlook) is required.
  • Experience with document management systems is advantageous.


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