What are the responsibilities and job description for the Underwriter position at Willamette Dental?
Position Summary
The Underwriter will evaluate group risks for existing clients and new group opportunities. This position analyzes and accepts risk in order to retain membership, grow revenue and help maintain a profitable book of business. Underwriters are expected to progress through the levels of risk analysis through experience rating, course training, development of analytical skills and effective communication and leadership. Underwriters demonstrate acumen in professional negotiation and problem resolution.
Essential Position Functions
Bachelors’ degree in business preferred and three to five years of underwriting experience preferred OR equivalent combination of education and experience which will provide the ability to perform the essential functions of the position. Prior dental underwriting experience strongly preferred.
Expected hiring range for this position depending on experience (annual salary):: $69,000 USD - $82,000 USD
Compensation
The actual base pay offered to the successful candidate will be based on multiple factors, including but not limited to education, job-related knowledge/skills, experience, geographical location, and internal equity.
This position is also eligible for incentive pay in accordance with the terms of the Company’s plan.
Company Benefits
Willamette Dental offers the following benefits for this position, subject to applicable eligibility requirements: medical, dental and vision insurance, tuition reimbursement, flexible spending accounts, 401(k) retirement plan with 5% match, accidental death and dismemberment insurance, life insurance, voluntary disability insurance, commuter benefits, two complimentary pairs of Fig scrubs (clinical roles), and employee assistance program.
Paid Time Off (PTO): Eligible employees will accrue a minimum of 120 PTO hours per employment year in addition to seven paid holidays annually. The Company’s PTO program combines vacation and sick leave, which is more generous than Washington State’s Sick Leave Law. Employees in part-time roles working less than 40 hours per week will accrue PTO on a pro-rated basis.
Physical Requirements
The work is primarily performed while sitting and/or standing, but will require occasional walking, bending, stooping and carrying light items such as papers, books, or other supplies. The incumbent uses a computer and other standard office equipment to complete tasks.
Willamette Dental is an equal opportunity employer.
We provide equal employment opportunities to all employees and applicants for employment without regard to an individual’s race (including physical characteristics historically associated with race), religion, color, age, sex (including pregnancy), national origin, veteran status, disability, marital status, genetic information, sexual orientation, gender identity, pregnancy-related condition, or any other classification protected by applicable federal, state or local laws.
This job description is not meant to be an all-inclusive list of duties and responsibilities, but constitutes a general definition of the position’s scope and function in the company.
This position may be exposed to PHI in the course of his/her duties, and will handle protected information (PHI) in a manner consistent with the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
The Underwriter will evaluate group risks for existing clients and new group opportunities. This position analyzes and accepts risk in order to retain membership, grow revenue and help maintain a profitable book of business. Underwriters are expected to progress through the levels of risk analysis through experience rating, course training, development of analytical skills and effective communication and leadership. Underwriters demonstrate acumen in professional negotiation and problem resolution.
Essential Position Functions
- Under general direction, prepare data collection and analysis to underwrite assigned clients and groups while consistently exercising independent judgement and discretion.
- Implement underwriting guidelines, practices and procedures for dental business through sound creative underwriting and business judgment in the timely analysis and evaluation of group insurance risk.
- Evaluate and accept risk. Suggest, approve or deny changes to contracts for moderate to complex group accounts. Analyze and evaluate plan changes, extensions of coverage and benefit changes.
- Establish effective working relationships with Marketing/Sales personnel, Insurance, Legal, Contracts, and Claims departments through professional negotiation, responsive communication and problem resolution while meeting customer expectations.
- Prepare utilization reports and determine the degree of risk involved for the insurance company and set the premium.
- Prepare and underwrite new group proposals and renewals for small to large size group dental business.
- Review and approve small to large group sold cases.
- Accurate and timely data entry into proposal and renewal logs.
- Initial preparation of rate renewal and statement of experience.
- Initial preparation of periodic analyses and financial forecast.
- Prepare and audit quarterly marketing and sales reports.
- Compile and execute documents within SERFF insurance system to file rates in Washington.
- Communicate with insurance officials, regulatory agencies and other professionals when appropriate.
- Track work and turn-around times in various systems.
- Mentor Associate Underwriters when appropriate.
- Provide back-up for Schedule A’s.
- Rate self-funded cases and submit reports.
- Responds to inquiries and written correspondence from policyholders, brokers/agents, and related internal departments regarding new and in-force business.
- Provide leadership to and approve the work of Associate Underwriters.
- Assist in the training of new Associate Underwriters and temporary employees.
- Additional duties as assigned.
Bachelors’ degree in business preferred and three to five years of underwriting experience preferred OR equivalent combination of education and experience which will provide the ability to perform the essential functions of the position. Prior dental underwriting experience strongly preferred.
Expected hiring range for this position depending on experience (annual salary):: $69,000 USD - $82,000 USD
Compensation
The actual base pay offered to the successful candidate will be based on multiple factors, including but not limited to education, job-related knowledge/skills, experience, geographical location, and internal equity.
This position is also eligible for incentive pay in accordance with the terms of the Company’s plan.
Company Benefits
Willamette Dental offers the following benefits for this position, subject to applicable eligibility requirements: medical, dental and vision insurance, tuition reimbursement, flexible spending accounts, 401(k) retirement plan with 5% match, accidental death and dismemberment insurance, life insurance, voluntary disability insurance, commuter benefits, two complimentary pairs of Fig scrubs (clinical roles), and employee assistance program.
Paid Time Off (PTO): Eligible employees will accrue a minimum of 120 PTO hours per employment year in addition to seven paid holidays annually. The Company’s PTO program combines vacation and sick leave, which is more generous than Washington State’s Sick Leave Law. Employees in part-time roles working less than 40 hours per week will accrue PTO on a pro-rated basis.
Physical Requirements
The work is primarily performed while sitting and/or standing, but will require occasional walking, bending, stooping and carrying light items such as papers, books, or other supplies. The incumbent uses a computer and other standard office equipment to complete tasks.
Willamette Dental is an equal opportunity employer.
We provide equal employment opportunities to all employees and applicants for employment without regard to an individual’s race (including physical characteristics historically associated with race), religion, color, age, sex (including pregnancy), national origin, veteran status, disability, marital status, genetic information, sexual orientation, gender identity, pregnancy-related condition, or any other classification protected by applicable federal, state or local laws.
This job description is not meant to be an all-inclusive list of duties and responsibilities, but constitutes a general definition of the position’s scope and function in the company.
This position may be exposed to PHI in the course of his/her duties, and will handle protected information (PHI) in a manner consistent with the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
Salary : $69,000 - $82,000