What are the responsibilities and job description for the Sr Associate, Underwriter position at The Baltimore Life Insu?
SUMMARY:
Incumbent will possess strong automated and simplified issue underwriting skills to assess risk from insurance applicants on new business, contract changes, and reinstatements to make fair, consistent, and appropriate decisions in accordance with our underwriting guidelines, process and within legal and regulatory guidelines. This is not a traditional underwriting position as the incumbent should be more proficient in automated, simplified issue underwriting.
RESPONSIBILITIES:
- Familiarity with automated, simplified issue underwriting process, including working with the industry vendors who support such process.
- Assess data and make issue decisions based on established risk guidelines
- Review/analyze policy information and applications on contestable claims
- Strong data mining ability, including outside data resources and internal analytics
- Update current knowledge/obtain continuing education on life mortality and its effects upon risk selection
- Direct reinsurance submissions, coordinate processing with vendors
- Work with other departments on underwriting projects and initiatives
- Work with the chief underwriter on improving data reporting, analytic intelligence and metrics around underwriting production
EDUCATION and EXPERIENCE:
- Bachelor’s degree in related major preferred
- LOMA ALMI preferred
- FALU or AALU preferred
- 3-5 Years Minimum Simplified Issue Life Underwriting experience required
- Familiarity with life insurance enterprise systems desired
SKILLS AND KNOWLEDGE:
- Strong analytical skills
- Demonstrated ability to effectively learn and utilize information systems
- Proficient in use of Microsoft Office tools (Word, Excel, etc.)
- Quick learner and critical thinker
- Ability to bring new ideas and ways of thinking
- Ability to speak and present on underwriting information to a broader audience
- Confidence in decision making ability
- Empathy and care for the company mission and policy holders
COMPETENCIES:
Drive - Displays motivation, is proactive and resourceful in daily work. Persists to complete responsibilities, even in the face of difficulties, is optimistic and tenacious throughout.
Collaboration - Able to actively listen to others and build relationships and trust, effectively handle conflict, and interact with tact and respect. Articulates ideas and concerns so others are able to understand and is sensitive to others and is able to adapt to different types of individuals.
Able to cooperate and collaborate with colleagues to achieve shared goals and encourages others and seeks out opportunities to collaborate across the business.
Adaptable - Willingly adapts to constantly changing circumstances while maintaining perspective. Engaging in continuous learning, adjusting the application of knowledge, skills and abilities while addressing new challenges. Accepts constructive feedback.
Responsible - Follows through on commitments; clearly defines mutual expectations of selves and others. Responds to demands of job by accepting responsibility for assignments, shows initiative and takes timely and appropriate actions to meet needs.
Execution - Thinks critically and has the best interests of the company, colleagues, and customers in mind when approaching situations. Anticipates obstacles and assesses situation to determine best possible solution. Demonstrates an ability to get essential information and exercises sound judgments about alternatives. Knows both technical and practical aspects of the job and continually updates skills and knowledge.
Salary : $70,000 - $88,000