Group Underwriting Consultant II - Allstate Benefits
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The underwriting department at Allstate Benefits is responsible for providing effective risk management in support of our corporate goals and current risk tolerance. This includes applying account level underwriting (industry, persistency, claims, etc.) and individual application level underwriting (health history, product pricing, compliance standards, etc.)
The Group Underwriting Consultant II will underwrite larger, complex cases for new and renewal business, add-ons to existing clients, contract revisions, and other policy owner service work having a high level of risk and significant financial impact to the company. Review and/or approve the work of lower level Underwriters.
- Analyze data related to the risk of being underwritten for large, complex cases in order to determine what benefits, if any, can be offered and at what rates.
- Using Allstate Benefits' workflow management tools, thoroughly document thought processes to support decisions made regarding specific cases
- Make case level decisions using independent judgment as well as following underwriting guidelines
- Conduct research in order to secure additional data needed to make determinations on benefits and premiums.
- Reviews requests for master policy changes to determine eligibility.
- Communicate with policy owners, applicants, brokers, agencies, and/or other sources concerning underwriting decisions and procedures.
- Develop credibility with sales force, brokers, as well as internal and external customers.
- Respond timely and accurately to requests made to the underwriting team while maintaining positive relationships with our internal and external customers through effective written and verbal communication skills which include agents, proposed insureds, and State Department of Insurance Agencies.
- Provide guidance and expertise to help guide the lower level Underwriters.
- Ability to make decisions outside of standard Underwriting guidelines up to $250,000.
- Prepare proposals and/or offer information and coordinate final proposal presentation, including preparation of all required exhibits.
- Makes recommendations to management regarding account analysis and underwriting risk decisions
- Work independently with little oversight and direction
- Minimum of 4 years of Group Insurance Underwriting and/or Special Risk Underwriting skills and experience in Life, Disability, Health and/or Worksite products.
- Bachelor's degree or equivalent work experience preferred.
- Proficient computer skills using various software packages including Microsoft Word, Excel and Outlook.
- Strong knowledge of portfolio of group products offered within the voluntary benefits industry.
- Familiarity with a variety of Underwriting concepts, practices, and procedures and the ability to creatively apply them.
- Proven use of judgment and critical thinking abilities.
- Ability to make decisions and justify the decisions with sound and logical reasoning.
- Attention to detail.
- Creative problem-solving skills.
- Strong mathematical aptitude.
- Strong relationship building with internal and external business partners.
- Ability to rely on experience and judgment to plan and accomplish goals.
- Ability to persuade and negotiate.
- Financial aptitude for understanding pricing strategies and their potential impact on financial results.
Good Work. Good Life. Good Hands®.
As a Fortune 100 company and industry leader, we provide a competitive salary - but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
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Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
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