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VB Underwriter
Career Insights for Insurance Underwriter (General)
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Based on Maine data
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$71,870 / year median in Maine
-13% projected decline
Job Description
Job Posting End Date:
September 08 When you join the team at Unum, you become part of an organization committed to helping you thrive. Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life's moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide: + Award-winning culture + Inclusion and diversity as a priority + Performance Based Incentive Plans + Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability + Generous PTO (including paid time to volunteer!) + Up to 9.5% 401(k) employer contribution + Mental health support + Career advancement opportunities + Student loan repayment options + Tuition reimbursement + Flexible work environments- _•All the benefits listed above are subject to the terms of their individual Plans_•.
- And that's just the beginning… With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers.
General Summary:
- The Underwriter will demonstrate solid risk evaluation, selection and retention of profitable business within assigned authority limits. This also requires a solid ability to partner with Company sales teams, brokers and all internal partners.
- Principal Duties and Responsibilities
- + Consult with sales and service partners to provide the products and plan options that best meet the needs of our customers.
- Job Specifications
- + Bachelors degree or equivalent, relevant business experience + Demonstrated, consistent proficiency at Associate Underwriter level + Developed knowledge of product provisions, plan designs, pricing and contractual benefits + Solid technical expertise in risk selection + Demonstrated understanding of top-line and bottom-line objectives + Exhibit solid working knowledge of sales/distribution process and market trends + Solid creative problem solving skills + Strong critical thinking/analytical reasoning skills + Strong communication skills, both verbal and written + Strong organizational skills and ability to handle multiple priorities + Demonstrated ability to be persuasive and to negotiate + Demonstrated ability to work both independently and in a team environment + Exhibit a commitment to quality and personal ownership of results \#LI-JQ1 ~IN1 Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide.