Senior Underwriting Analyst II

Description

The Senior Underwriting Analyst II is primarily responsible for calculating and preparing large group business stop-loss rate quotes for Benecon consortiums. The position is also responsible for a broad range of technical and administrative functions within the Actuarial Division, acting in a consulting capacity to Sales and other analysts, representing the Underwriting department in corporate projects and supporting several other Benecon divisions. This is a key position requiring expert math and computer skills and proficient written, oral, and interpersonal skills.

SUPERVISORY RESPONSIBILITY: None

Essential Duties And Responsibilities

• Review new business opportunity submissions to ensure receipt of all necessary information required to provide a quote. Request from appropriate source if necessary.
• Calculate and prepare new business stop-loss rate quotes for Benecon consortiums in accordance with established Benecon production standards and authority limits.
• Evaluate group claims experience, high claimant information, disclosure statements and/or individual medical applications for risk
• Consult with sales and broker partners toward appropriate risk and pricing solutions
• Provide technical assistance to underwriting analysts
• Respond to email and phone inquiries from Producers and Sales Directors with regard to the rates quoted.
• Represent the Underwriting team on corporate projects.
• Create electronic records of all relevant quote data.
• Maintain various databases, reports, projection models, and other tools used to evaluate new business opportunities and existing business performance a periodic basis.
• Other duties as assigned.
  
  

These duties and responsibilities describe the general nature and level of work involved for this job. This is not an exhaustive list of all duties or responsibilities.

Requirements

PHYSICAL REQUIREMENTS:

• Must be able to sit or stand and type utilizing computer for up to 95% of the workday.
• Must be able to travel on occasion.
  
  

Qualifications

• Bachelor’s degree in Mathematics, Actuarial Science, or other quantitative analysis discipline required.
• Minimum of seven years of group health underwriting or actuarial experience required.
• Self-funded and medical stop-loss underwriting experience preferred.
• Current, valid resident insurance producer licenses to sell Accident & Health (minimum) and Life & Fixed Annuities insurance preferred.
  
  

Knowledge, Skills, And Abilities

• Knowledge of group insurance preferred.
• Proficient written and verbal communication skills required.
• Advanced computer skills (Microsoft Word, Excel, Access, and PowerPoint) required.
• Strong organization skills preferred.
• Ability to manage multiple projects / tasks required.
• Attention to details (task listing and follow-up) required.
• Ability to articulate thoughts in a clear and concise manner preferred.
• Must have knowledge of the specific information required in order to prepare rate quotes.
• Must be efficient and deliver quotes within the standard turnaround time.
• Must provide courteous and professional customer service.
• Ability to do repetitive, highly detailed work for significant periods-of-time without losing quality of work required.
• Problem solving skills required.