Temporary Associate Underwriter

illumifin; Minnesota; On-site; USD 60,000 - 90,000; Full time

Job summary

illumifin in Minnesota is seeking an Associate Underwriter to support the daily operations of the Underwriting Department. You will prepare files for underwriting reviews, assess risk for Life and Long Term Care insurance, and communicate decisions to clients and internal teams.

The role requires strong attention to detail, effective written and verbal communication, and adherence to HIPAA and company policies.

Responsibilities

• Prepare file for underwriting review to determine documentation needed.
• Assess risk for Life and Long Term Care insurance using lifestyle, medical, and cognitive information.
• Indicate if an application qualifies for approval or decline and communicate decisions.
• Review and complete underwriting decisions on cases with minimal requirements.
• Review weekly, monthly, and quarterly reporting for internal and external use, including billing submissions.
• Act as liaison between clients, Underwriting, and vendors to expedite case requirements.
• Support administrative underwriting functions in internal systems and vendor websites.
• Adhere to HIPAA and participate in Corporate Compliance training as required.
• Meet established quality and production expectations.
• Other duties as assigned.

Skills

Underwriting

Risk assessment

HIPAA compliance

Communication

Reporting

Job description

illumifin is an insurance technology company and third-party administrator that designs, develops and delivers tech-enabled insurance policy management software and services that provide unrivaled value for insurers.

We combine insurance insight, operational excellence, and technology innovation to build solutions that deliver high performance and position insurers for the digital world. illumifin is primarily focused on the North American life, long-term care, annuity, and health markets. We believe in true partnerships with our customers and are passionate about insurance.

This Associate Underwriter position supports the daily operations of the Underwriting Department.

Associate Underwriter Responsibilities

• Prepare file for underwriting review of the application to determine what is needed based on application and criteria review.
• Assess risk for Life and Long Term Care insurance using lifestyle, medical and cognitive information.
• Indicate if an application qualifies for an approval or decline during review and process decision stated. Complete correspondence to communicate adverse decisions.
• Review and complete underwriting decisions on ready to decide cases for designated client’s that require only minimal case requirements with no medical records.
• Accurately review required weekly, monthly and quarterly reporting and communicate the findings internally and externally as required. This includes end of month reporting for designated clients for billing purposes and submission to Finance.
• Act as liaison utilizing effective communication between clients, Underwriting and vendors to expedite case requirements and facilitate to complete the file when missing information is needed. Complete the necessary written, verbal and/or email communication, while adhering to HIPAA, to achieve resolution and complete the file for submission to Underwriting.
• Complete administrative underwriting functions necessary for assigned clients in LTCG’s internal administrative systems, imaging system and as required on vendor websites. Additionally, responsible for supporting the application processing and underwriting email message centers.
• Uphold the principles of compliance as outlined in the Code of Conduct, Employee Handbook and related policies and procedures. Supports and participates in the mandatory Corporate Compliance Program training initiative on an annual or more frequent basis, as required.
• Meet established quality and production expectations as established and communicated by the department.
• Other duties as assigned.