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Sr Underwriter, Underwriting Consultant, Chief Underwriter

Chattanooga, TN, USA | Mutual of Omaha

  • Industry:
    Insurance - General
  • Position Type:
  • Functions:
    Financial Services Professional
    General Management
    Risk Management
    Consulting - Strategy
  • Experience:
    3-5 years
Job Description:
58 people have viewed this job

Underwrites mid-size new business cases in accordance with company's risk tolerance levels. Evaluates renewal business and other rate and risk bearing analysis for existing clients within established approval limits.

Essential Job Functions:

Analyzes data related to the risk being underwritten for medium-sized cases, with an intermediate

level of complexity, in order to determine what benefits, if any, can be offered and at what rates in

order to mitigate financial risk to the company

Conducts research in order to secure additional data needed to make determinations on benefits and rates

Communicates effectively with salesforce, brokers and/or other sources concerning underwriting decisions and procedures.

Communicates in a clear, concise and professional manner utilizing appropriate grammar and spelling in written correspondence.

Evaluates renewal business and other rate and risk bearing analysis for inforce groups.

Maintains current knowledge of underwriting guidelines, pricing guidelines and product knowledge.

Consistently meets or exceeds quality of work and time service expectations.

Reviews industry publications and stays abreast of Federal, State and business regulations governing group insurance products.

Assists in the training and mentoring of less experienced underwriters.

Performs as a subject matter expert on special projects in the division in support of continuous improvement of processes and systems.

This position requires extensive or prolonged typing/keyboarding.

This position is in a fast-paced, high volume environment with set production goals.

This position requires sitting over 66% of the time.

This position requires Visual Acuity at 20 inches (or less) over 66% of the time.

This job posting is reflective of the Sr Underwriter essential functions, qualifications, and physical requirements.

The Underwriting Consultant and Chief Underwriter levels have variable essential functions, qualifications and physical requirements. Competency and skill set will determine level of placement within the posted job family.

Minimum Qualifications:

 Action oriented and customer focused.

Ability to make quality decisions and justify the decisions with sound and logical reasoning..

Thorough knowledge and experience with group life, disability and dental product lines.

Strong ability to maintain composure, negotiate and resolve conflicts.

Strong attention to detail.

Strong analytical and problem solving skills.

Strong mathematical & financial aptitude in order to understand pricing strategies and their potential impact on financial results.

Familiarity with a variety of underwriting concepts, practices and procedures and the ability to creatively apply them.

Strong relationship building skills with internal and external business partners.

Ability to effectively communicate verbally and in writing.

Strong organizational and time management skills with the ability to prioritize.

Commitment to active self-development and proactive technical learning.

Proficient computer skills using various software packages including work-processing, spreadsheet and electronic mail.

Ability to multitask effectively, work under pressure, meet deadline requirements and be flexible to meet changing customer needs.

Preferred Qualifications:

Minimum of 3 years of experience in group insurance underwriting.

Thorough knowledge and experience with group critical illness, accident and dental product lines.

Bachelor's degree in business, finance, economics, mathematics and/or related field or equivalent experience in insurance industry.


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