Group Underwriter II Job in Downers Grove 60515, Illinois US
Essential Job Functions
1. Reviews, analyzes and makes recommendations for the proper underwriting of prospective and in-force accounts with respect to quoting new benefits, modifying existing coverages, explaining contract provisions and/or the determining of a renewal position.
2. Works collaboratively with assigned sales regions to produce quality proposals that result in acquiring or maintaining profitable business.
3. Responsible for utilizing approved rating approaches on prospective and renewal business consistent with departmental policies, including the appropriate application of periodic discount strategies.
4. Responsible for the profitability of an assigned block of business (state and/or agency)5 Accepts Risk - makes the financial decision that affects the sale of new business and the retention of renewal business6 Reviews the accuracy and timeliness of manual rates, proposals and renewal notification letters.
This to include assisting in the training of the pricing analysts.
Position Requirements: The selected candidate will meet the following criteria: * College degree (preferably in Mathematics or Business)* 3 years of underwriting experience including 2 years of group underwriting experience in life or long term disability.
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