Underwriter

About the role

The organization is hiring two (2) Underwriters to underwrite individual life insurance contracts ranging up to $500,000. The roles are fully remote and the current team members are located on the east coast, though the client is open to candidates from other parts of the country.

Responsibilities

• Appraise, classify, and take action to approve or decline applications for new insurance, changes of plan, conversions, exchanges, reinstatements, and additions of benefits.
• Determine extra premiums for medical impairments and special hazards such as aviation, occupation, foreign residence and travel, and unusual avocations.
• Classify each insurance applicant to eliminate adverse selection while maintaining equitable mortality.
• Communicate with field force and Home Office personnel regarding insurance applications and adjustments.
• Answer routine inquiries from other departments and field force concerning the underwriting policies, practices, and procedures related to individual applications.

Requirements

• BS or BA degree.
• LOMA and ALU courses.
• 2-5 years of individual life underwriting experience or equivalent combination of education and experience.

Qualifications

• Knowledge of medical terminology and human anatomy.
• Ability to understand and apply medical knowledge to insurance applications.
• Knowledge of federal and state insurance regulations.
• Problem-solving and analytical skills.
• Good business judgment/risk assessment skills.
• Effective oral and written communication skills.
• Attention to detail.

Skills

• Knowledge of KofC policies and insurance products/offerings.

Benefits

• Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.
• Professional Development: Certifications, designations, and tuition reimbursement.
• Retail Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.
• Health and Wellness: Short-term disability and term life insurance fully paid for by the company; Up to 12 weeks of childbirth leave under STD policy. One week of fully paid parental leave for all new parents, including adoptive and foster parents. A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions.
• The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.
• Long-term disability insurance; Dental insurance; Vision insurance; Health club membership reimbursement; Employee Assistance Program.

Pay

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $70,500-$120,000.

Schedule

The roles are fully remote.