Senior Individual Disability Income Underwriter Job
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Senior Individual Disability Income Underwriter Position# 2782 Location: Remote with required visit to home office quarterly. Education Requirements: Bachelor’s degree in business or equivalent in related field. Other Requirements: Include:
Insurance classes working towards FLMI affiliation.
8+ years of experience in Individual Disability Income underwriting.
Professional oral and written communication skills.
Word processing and spreadsheet software proficiency.
Ability to interact effectively and professionally with others.
Can assume job responsibilities and perform independently.
Willingness to work over 40-hour week when needed.
Salary Range: $58k to $72k Description: Our Client, a highly rated AM Best Life Insurance Company, provides life insurance, disability and critical illness insurance, and voluntary employee benefits through independent brokers nationwide. It has assets of $2.5+ billion. Under supervision of the Director, Underwriting Candidate underwrites individual disability products, communicates with agents regarding new individual disability applications and potential cases, and performs other functions. Duties and responsibilities include:
65% Underwrites individual disability products, which includes:
Determining risk classification according to medical, financial, occupational and avocational hazards.
Determining product eligibility based on product guidelines.
Ordering and reviewing underwriting requirements, as needed.
Determining standard/substandard risks and eligibility.
Complying with IMSA and government regulations regarding replacements, anti-discrimination laws, confidentiality laws, HIV laws and MIB requirements.
Reviewing substandard, declines, or postponed applications with the Medical Director, Life Underwriting Manager, and Director of Life Underwriting.
Reviewing files for other underwriters, providing advice on problem cases and co-signatures on ratings and declines.
25% Communicates with agents, policyholders, reinsurance companies, and applicants regarding underwriting action and guidelines, which includes:
Providing underwriting information over the phone.
Preparing written correspondence to Field Force, reinsurance companies, and applicants.
Advising agents regarding potential cases.
Reviewing and preparing illustrations.
Meeting with producers.
10% Performs other functions, which includes:
Working on special projects.
Assisting in training of Underwriting Assistant
Participating on committees, teams and task forces.
Providing product information to other divisions.
Keeping up-to-date with company and industry changes.