Temporary Associate Underwriter

illumifin Corporation; Northern (KY); Hybrid; USD 45,000 - 60,000; Full time

Job summary

illumifin is seeking an Associate Underwriter to support the Underwriting Department remotely. The role involves reviewing applications, assessing Life and Long Term Care risks, and communicating decisions to clients and vendors.

Strong typing and medical terminology knowledge are essential, with attention to deadlines and accuracy. Qualifications include a high school diploma and at least two years in the insurance industry, plus the ability to work independently and prioritize multiple tasks

Qualifications

• High school diploma (required).
• Two years of experience in the insurance industry.
• Working knowledge of medical terminology and outcomes based on medical conditions.
• Ability to type 50+ words per minute.
• Detail-oriented with ability to manage multiple priorities and deadlines.

Responsibilities

• Prepare file for underwriting review based on application and criteria.
• Assess risk for Life and Long Term Care insurance using medical information.
• Determine approval or decline during review and communicate decisions.
• Review ready-to-decide cases with minimal required information.
• Generate weekly, monthly and quarterly reports for internal and client use.

Skills

Medical terminology

Typing speed

Attention to detail

Prioritization

Independent worker

Education

High school diploma

Two years insurance industry experience

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.

Requirements

• High school diploma
• Two years’ experience in insurance industry
• Working knowledge of medical terminology and expected outcomes, based on medical conditions
• Able to work independently and prioritize multiple projects and changing workloads
• Proven ability to meet client expectations and deadlines
• Ability to type 50+ words per minute
• Detail-oriented

Location

Remote

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