Disability Income Underwriter/Senior Underwriter

4 days ago


Peoria, United States Illinois Mutual Full time

Job Summary

The Underwriter underwrites individual disability income insurance applications, within guidelines set for the issuance of policies on a standard (or better) and substandard basis.


Primary Responsibilities

  • Facilitate the sales process while underwriting application files by ensuring reasonable and timely underwriting decisions within established service level objectives
  • Determines whether to accept, modify or decline a risk through evaluation of an individual’s medical history or physical condition, occupational hazards, financial background, insurable interest and other information pertinent to the decision.
  • Has contact with the field force to gather information on which to base decisions and to communicate underwriting courses of action.
  • Submits for review by superiors those applications requiring higher ratings or amounts in excess of prescribed limits.
  • May also review and take action on reinstatements and changes in existing policies.
  • Consults with superiors or medical department concerning any questionable medical or personal situations.
  • Continue learning about the Disability insurance industry, the Company, its products, services and underwriting.
  • Provide professional, self-sufficient, knowledgeable and skillful risk selection
  • Comply with applicable rules, procedures, regulations and laws
  • Attend meetings and complete specific underwriting related projects as directed


Requirements

  • Bachelor’s degree* required – preferably in Insurance, Risk Management, Accounting, Finance or similar discipline
  • Minimum 1year of progressive underwriting or closely related experience with consistent track of record success
  • 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
  • Self-directed with the 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
  • Commitment to quality, innovation and improvement
  • Work well in a team environment, excelling both individually and collectively
  • Basic computer skills to include proficiency with Microsoft Office programs (Word, Excel, Outlook)
  • Industry education designation (FLMI, FALU, CLU etc.) or course work completion a plus
  • Bilingual proficiency a plus


* College or university must be sufficiently accredited and listed in the U.S. Department of Education Accreditation Directory.



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