Senior Underwriter, Individual Disability Income Insurance

Illinois-Mutual; Peoria (IL); Hybrid; USD 82,000 - 84,000; Full time

Benefits offered by this job

Compressed 4 1/2-day work week

No monthly premium cost for employee医疗

Job summary

Illinois Mutual is seeking a Senior Underwriter for Individual Disability Income Insurance. The role combines underwriting authority with leadership, reviewing larger or more complex cases and guiding junior staff.

The Senior Underwriter will liaise with field agents, assess medical and financial information, and ensure compliance with relevant rules and company policies in a hybrid work setting.

Qualifications

• Bachelor's degree required in a related field or equivalent.
• Minimum 4 years of progressive underwriting experience with a proven track record.
• Strong service orientation to understand and satisfy customer needs.
• Excellent written and verbal communication, analytical and organizational skills.
• Ability to multi-task in a fast-paced environment and work independently.

Responsibilities

• Underwrite individual disability income applications within policy guidelines.
• Approve or escalate larger/complex cases with authority to senior staff.
• Collaborate with field force to gather information for decisions.
• Provide training and guidance to less experienced staff.
• Represent the company at meetings and industry events.

Skills

Underwriting

Disability insurance

Analytical thinking

Communication skills

Customer focus

Education

Bachelor's degree

Tools

Microsoft Office

Job description

Senior Underwriter, Individual Disability Income Insurance

Underwriting

Reports To

Underwriting Manager

Location

Hybrid

Job Type

Full Time

Commitment to Core Values

At Illinois Mutual, our culture is built around our four core values. These values shape how we operate and define our expectations of each team member’s contributions:

• Be honest, reliable and respectful
• Think of other first
• Work together to create results
• Stand out with personal, caring service

Job Summary

The Senior Underwriter underwrites individual disability income insurance applications to include larger or more complex risks, within guidelines set for the issuance of policies on a standard or substandard basis. The Senior Underwriter has authority to approve larger or more involved cases than those handled by less experienced underwriters.

Primary Responsibilities

• Facilitate the sales process while underwriting application files by ensuring reasonable and timely underwriting decisions within established service level objectives and/or assisting underwriters to do the same.
  • 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.
  • Submits for review by superiors those applications requiring higher ratings or amounts in excess of prescribed limits.
  • Has frequent contact with the field force to gather information on which to base decisions, and to communicate and explain underwriting courses of action.
• Demonstrate knowledge about the Disability insurance industry, the Company, its products, services and underwriting.
• Provides professional, self-sufficient, knowledgeable and skillful risk selection
• Develop professional customer relationships with the ability to negotiate equitable solutions
• Comply with applicable rules, procedures, regulations and laws
• Attend meetings and complete specific underwriting related projects as directed
• Consults with superiors or medical department concerning any questionable medical or personal situations.
• May also review and take action on reinstatements and changes in existing policies.
• Provide training and guidance to less experienced staff and have the authority to audit or co-sign cases.
• Represent the company at business meetings and industry functions and deliver underwriting presentations.

Anticipated Salary: $82,000 - $84,000

Benefit Overview

We strive for our employees to feel appreciated and supported, both professionally and personally. Our comprehensive benefit and discount package that meets a variety of needs is one way we demonstrate this. Some of our most admired benefits include:

• Compressed 4 1/2-day work week (Half-Day Fridays)
• No monthly premium cost for employee medical, life and disability insurance coverage
• Paid time-off accrual, including annual rollover; and paid holidays
• Competitive 401(k) plan with immediate vesting on Company contributions
• Discounted on-site employee cafeteria
• On-site exercise facility and company-provided exercise time
• Tuition reimbursement and training incentives
• Access to voluntary dental and vision insurance coverage

Qualifications

• Bachelor’s degree required – preferably in Insurance, Risk Management, Accounting, Finance or similar discipline
• Minimum 4 years of progressive underwriting 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
• Must demonstrate and apply critical thinking skills
• 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 preferred
• Bilingual proficiency a plus

Required Competencies (Proficiency Level)

• Accountability (2)
• Continuous Learning (1)
• Customer Focus (2)
• Integrity (2)
• Organizational Awareness (1)
• Teamwork (1)

This job description is intended to provide a general overview of the position and does not include every detail of the role. Responsibilities and expectations may be subject to change based on Company needs.

Illinois Mutual is an equal opportunity employer.