Group Underwriter

       Horace Mann is looking to hire a Group Underwriter in our Madison, Wisconsin office.  The Underwriter is responsible for performing risk appraisals to maximize revenues and minimizing risks consistent within the underwriting guidelines.  Must be detail-oriented, collaborative and have excellent skills in math-statistics, communication, problem-solving, decision-making, and preferable a working knowledge of the Insurance business and/or underwriting.

Responsibilities: 

• Provide accurate and timely proposals, renewals, plan changes and sold case reviews through analysis of group’s risk characteristics.
• Assure premium income adequately reflects the group’s risk and that contracts meet legal and company standards.
• Utilize in-depth knowledge of formulas, trending, reserving procedures, and claims allocation to create experience exhibits for internal and external clients/customers.
• Correspond with inside and outside Marketing/Sales personnel, Actuarial and legal resources, Systems, Billing, Administration, Underwriting and Claims to assess plan changes, extensions of coverage, and benefit changes etc.
• Manages underwriting accounts to ensure retention and profitability.
• Responds to written and verbal inquiries from policyholders, sales personnel and internal departments, including discussion of in-force policy provisions, claims experience, technical aspects of specific financial arrangements and interpretation of legal statutes
• Maintains effective working relationships with Agents, Brokers and Clients. Responds to inquiries in a professional, constructive manner.
• Maintains constructive relationships with reinsurers through professional communication and understanding of reinsurance agreements.
• Assures compliance with reinsurance underwriting standards and limitations.
• Serves as technical resource to Claims, Marketing and Sales personnel and other internal departments as needed.
• Performs proper documentation of underwriting files including but not limited to manual rates, rate calculations, phone conversations and any written or verbal agreements.
• Develops innovative solutions for completion of special projects as necessary.
• Works with Project Teams as directed in cooperative and efficient manner.
• Attends seminars, reads industry publications, and takes industry courses to maintain knowledge of group insurance industry developments.  

Requirements: 

• Education
  • High School Diploma required
  • Bachelor’s degree or equivalent preferred.
• Experience
  • Field related to Math, Statistics, or Insurance Business a plus.
  • Two years of underwriting experience preferred
  • Good negotiation skills needed
  • Must be able to effectively work on a team and individually
  • Must possess superior problem-solving ability, organizational skills, and analytical ability.
• Knowledge 
  • Knowledge of Specialty Health Insurance Lines a plus.
  • Working knowledge of Microsoft Excel and Microsoft Word required.
  • Knowledge of competitors’ strengths and weaknesses desired.
  • Requires excellent verbal and written communication skills.

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