Underwriting Consultant - Employee Benefits

Alliant Insurance Services; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

Alliant Insurance Services seeks a seasoned underwriting leader to execute advanced pricing and analysis requests and to develop and manage assigned underwriting and analyst teams.

The role requires deep knowledge of pricing strategies, underwriting models, and client communications, with responsibility for strategic planning, client deliverables, and cross-functional collaboration across producers, underwriters, and account executives.

Qualifications

• Bachelor's Degree or equivalent combination of education and experience.
• 5+ years related work experience.
• 1+ year of management experience leading a team of at least 3 individuals.
• Valid Insurance License.
• Must meet Continuing Education requirements for license renewal.

Responsibilities

• Lead in underwriting, including special pricing and marketing projects.
• Meets with Producers, clients, Underwriters, and Account Executives to define and accomplish projects.
• Manages team workload and distribution within the department.
• Assists in determining strategic goals of teams, including resource planning and training needs.
• Identifies and manages external business partner relationships (carriers, consultants, vendors).
• Expert in actuarial plan values and pricing analyses using relevant software.
• Understand underwriting models and reporting templates, and customize for customers.
• Lead client underwriting projects and present analyses to clients confidently.
• Support Producers in prospecting activities and RFP responses as needed.
• Maintain data tracking and reporting for financial management and client deliverables.
• Proficient with multiple carrier data and reporting systems for data extraction.
• Analyze renewal calculations for fully-insured contracts and provide insights.
• Engage in ongoing education to enhance underwriting knowledge and market awareness.
• Ensure accuracy and timeliness of all work, including deadlines.
• Handle incoming correspondence promptly and professionally.
• Lead training development on underwriting and analysis topics.
• Adhere to agency data standards and data integrity.

Skills

Verbal communication

Written communication

Problem solving

Time management

Customer service

Planning & organization

Teamwork

Education

Bachelor's Degree or equivalent

Tools

Microsoft Office Suite

MS Excel

Job description

SUMMARY

Responsible for execution of all advanced pricing and analysis requests. Leads in the development and management of assigned underwriting and analyst teams.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Expert in all major areas of underwriting, including special pricing and marketing projects;
• Meets with Producers, clients, Underwriters, and Account Executives and as needed to define and accomplish projects;
• Manages team of Underwriters and Analysts to determine workload distribution of department;
• Assists in determining strategic goals of team(s), including but not limited to resource planning, education/training needs, policy development and business growth;
• Identifies, coordinates and manages all relevant external business partner relationships, including but not limited to insurance carriers, external consultants and third party administrators and vendors;
• Expert in understanding actuarial plan values and how they are used in various pricing and analysis projects. This includes ability to competently use software available for such types of plan analysis and pricing;
• Full understanding of underwriting models and reporting templates, with ability to fully modify and customize to meet customer needs;
• Leads and manages all assigned client underwriting projects, including the ability to present analysis to clients directly in a confident and easy-to-understand manner;
• Assists Producers in prospecting activities as needed, including but not limited to written RFP responses, finalist presentations and related follow-up activities;
• Maintains data tracking and reporting for financial management, underwriting models, client reports and other analytical reporting deliverables;
• Competent in multiple carrier data and reporting systems as needed to obtain claim data for reporting and analysis purposes;
• Confidently analyzes and challenges insurance company renewal calculations for fully-insured contracts
• Actively engages in educational opportunities to further underwriting knowledge, market trends and regulatory environment;
• Responsible for accuracy and timeliness of all work performed, including proper management of timelines and meeting deadlines as established;
• Addresses incoming correspondence and responds as required in a timely manner;
• Leads in training development and execution on all underwriting and analysis related topics;
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information);
• Other duties as assigned.

QUALIFICATIONS

• Bachelor's Degreeequivalent combination of education and experience
• Five (5) or more yearsrelated work experience
• One (1) or more yearsof management experience in leading a team of at least 3 individuals
• Valid Insurance License
• Must continue to meet Continuing Education requirements for license renewal

SKILLS

• Excellent verbal and written communication skills
• Excellent problem solving and time management skills
• Good customer service skills, including telephone and listening skills
• Excellent planning, organizational and prioritization skills
• Ability to work within a team and to foster teamwork
• Ability to completely manage mid-level and large projects as well as effectively manage and lead assigned teams to complete goals
• Ability to work productively as an individual to accomplish assigned projects
• Ability to prioritize work for multiple projects and deadlines
• Proficient in Microsoft Office Suite, advanced MS Excel skills required