Underwriter II

NACBA; Philadelphia (Philadelphia County); On-site; USD 90,000 - 120,000; Full time

Job summary

NACBA seeks an experienced Underwriter II to independently evaluate and finalize risk acceptance decisions. You will review new submissions, amendments, and renewals using manual rating methods, plan design considerations, and PACS data to guide pricing and revenue generation.

You will partner with sales, service, and internal teams to communicate final rationale and support continuous improvement within underwriting operations.

Qualifications

• Independent decision making in underwriting cases.
• Strong analytical skills to evaluate risk and pricing.
• Effective collaboration with sales, service, contracts, claims, and compliance.

Responsibilities

• Evaluate risk, pricing, and renewal decisions independently.
• Review new and in-force cases, including plan design and manual rates.
• Train and mentor underwriting staff; lead process improvement projects.

Skills

Independent decision making

Analytical reasoning

Communication with field partners

Risk assessment

Underwriting experience

Tools

PACS

Job description

Independently evaluates and synthesizes information in order to accept, modify, or rejects risks on a case. Has the ability to exercise independence and discretion in making final decision making of risk accepted/rejected.
Book of business and new business quote activity is comprised of both experience and manually rated cases.
Utilizes experience in the industry, understanding of the client and marketplace to review and evaluate all assigned risks in the Group lines of business that includes plan design, experience, manual rates and provides guidance to sales, service, and all internal business partners to price and renew all business lines. The overall final case position is determined by the Underwriter II.
Has a thorough understanding of our manual rating approach, including base rates and factors that drive claims cost changes. Understands PACS and evaluates inforce business for cross sell, enrollment, plan design changes and other NBOC (New Business Old Case) situations to help generate additional revenue. These factors are utilized in the final position on a case.
Displays strong understanding of our experience rating methodology and is beginning to understand factors that contribute to aggressive or conservative formula rates and utilizes those in evaluation for overall case position. Independently determines.
Evaluates coverage amounts, premium rates and experience rates on new and inforce business, which includes new business submissions, amendments to in-force plans and renewals exercising independent judgment.
Develops and maintains a strong relationship with sales and service partners in the field.
Following analysis and evaluation articulates final decision rationale on case pricing.
Identifies and communicates to management product risk in a way that is easily understood.
Knowledge of both pre-sale and renewal underwriting and can complete complex tasks on both independently.
Effectively collaborates with colleagues in various functions (contracts, claims, compliance) to reach decisions favorable for RSL that are included in the sold case which was finalized by the Underwriter II.
Identifies and communicates to management product and systems enhancements for the betterment and continuous improvement of the Underwriting department.
Leads projects that focus on increasing the efficiency and effectiveness of the underwriting function. These projects will focus on creating more efficient operations leading to overall more enhanced positions being produced. (Typically 15% of time)
Trains underwriting staff on underwriting guidelines and principles.
Mentors Underwriting Trainees.