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.
Underwriter Trainee, Individual Disability Income Insurance Illinois Mutual - 3.3 Peoria, IL Job Details Full-time $51,600 - $53,600 a year 1 hour ago Benefits Paid holidays Disability insurance Health insurance Dental insurance Tuition reimbursement Paid time off Vision insurance Qualifications Foreign language proficiency Computer operation Microsoft Excel Microsoft Outlook Underwriting Sales Customer service Bachelor's degree in finance Computer literacy Finance Bachelor's degree Decision making Bachelor's degree in accounting Accounting Entry level
Full Job Description Job Title:
Underwriter Trainee, Individual Disability Income Insurance Department:
Underwriting Reports To:
Underwriting Manager Location:
Hybrid Job Type:
Full Time Commitment to Core Values At Illinois Mutual, our culture is built around our four core values. These values shape how we operate and define our expectations of each team member's contributions: Be honest, reliable and respectful Think of other first Work together to create results Stand out with personal, caring service Job Summary The Underwriter Trainee underwrites individual disability income insurance applications, within guidelines set for the issuance of policies on a standard or substandard basis. The Underwriter Trainee works very closely with the Underwriting management, supervisor and/or higher-level underwriters who initially reviews all Underwriter Trainee work. Primary Responsibilities Facilitate the sales process while underwriting application files by ensuring reasonable and timely underwriting decisions within established service level objectives. As directed, may have contact with the field force to gather information on which to base decisions. May be granted authority to approve applications up to specific standards (or better) and substandard limits. Submits for review by superiors those applications requiring higher ratings or amounts in excess of prescribed limits. Learn about the Disability insurance industry, the Company, its products, services, underwriting and the position. Timely, consistent and progressive assimilation of the knowledge and skills necessary to achieve a level of self-sufficiency warranting promotion to the position of Underwriter. Comply with applicable rules procedures, regulations and laws Attend meetings and complete specific underwriting related projects as directed
Anticipated Salary:
$51,600 - $53,600
Benefit Overview:
We strive for our employees to feel appreciated and supported, both professionally and personally. Our comprehensive benefit and discount package that meets a variety of needs is one way we demonstrate this. Some of our most admired benefits include: Compressed 4 1/2-day work week (Half-Day Fridays) No monthly premium cost for employee medical, life and disability insurance coverage Paid time-off accrual, including annual rollover; and paid holidays Competitive 401(k) plan with immediate vesting on Company contributions Discounted on-site employee cafeteria On-site exercise facility and company-provided exercise time Tuition reimbursement and training incentives Access to voluntary dental and vision insurance coverage Qualifications Bachelor's degree or Illinois Mutual approved equivalency required. (Degree preferably in Insurance, Risk Management, Accounting, Finance or similar discipline) Strong service-oriented work ethic to understand, anticipate and satisfy customer business needs Excellent communication (written and verbal), analytical, organizational and problem-solving skills Goal oriented, results driven, accountable and reliable Demonstrate integrity, a positive attitude, sound judgment and attention to detail Ability to multi-task in a fast past environment while under pressure to perform Self-motivated with the ability to learn on your own to supplement training provided Ability to learn quickly, adapt to change and work independently Work well in a team environment, excelling both individually and collectively Basic computer skills to include proficiency with Microsoft Office programs (Word, Excel, Outlook) Bilingual proficiency a plus Required Competencies (Proficiency Level) Accountability (1) Continuous Learning (1) Customer Focus (1) Integrity (1) Organizational Awareness (1) Teamwork (1) This job description is intended to provide a general overview of the position and does not include every detail of the role. Responsibilities and expectations may be subject to change based on Company needs. Illinois Mutual is an equal opportunity employer.