Underwriter

Underwriter

Salary: $75,000 - $90,000 per year

Location: New Haven, Connecticut

Minimum Degree: BS or BA degree

Relocation Assistance: Available

Our client is a mission driven organization that provides financial security to members and their families through their life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of their activities their profits are donated to help those in need.

The organization is hiring two (2) Underwriters. Both roles are fully remote. The current team members are located on the east coast. The client is open to individuals living in other parts of the country.

The selected candidates will have the responsibility to underwrite individual life insurance contracts ranging in amounts through $500,000. Occasionally the individual may assist on applications of higher amounts subject to review by a higher ranking Underwriter.

Specific Responsibilities include; 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.

Skills Qualifications Required: Knowledge of medical terminology and human anatomy; ability to understand and apply medical knowledge to insurance applications. Knowledge of federal and state insurance regulations Preferred: Knowledge of KofC policies and insurance products/offerings Problem-solving and analytical skills Good business judgment/risk assessment skills Effective oral and written communication skills Capable of making informed, independent decisions Attention to detail

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

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.

Authorization to work in the United States is required. This position is not eligible for visa sponsorship.

Physical Demands Must be able to remain in a stationary position for a majority of the workday.

KofC Cares Our mission is focused on family and faith, and we support our employees in seeking a balanced life. Employee benefits include: Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules. Professional Development: Certifications, designation, and tuition reimbursement. Retirement 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

This is a great opportunity for an individual with relevant life insurance experience that wishes to join a team of almost 20 professionals that is experiencing growing demand for their products, is assessing new underwriting methods (accelerated and/or automated underwriting) and has a clear development path from Underwriter to Senior Underwriter to Specialist. A great environment to learn and to build your resume.