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SalaryAt The Standard, you’ll join a team focused on putting our customers first.
Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.
We offer a caring culture where you can make a real difference, every day.
Ready to reach your highest potential? Let’s work together.
Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.
We offer a caring culture where you can make a real difference, every day.
Ready to reach your highest potential? Let’s work together.
Functional Job Summary:
The Group Life & Disability Underwriters are responsible for analyzing employer group characteristics and plan designs to determine the appropriate rates for Group Life, Short Term Disability, Long Term Disability, and Absence insurance products.
As an Underwriter, you will use your knowledge and expertise to determine plan designs and rates for our employer group clients covering up to 1,000 lives, while minimizing risk and optimizing profit in the process.
- You will evaluate and interpret data from numerous sources, including group demographics, industry research, and other actuarial tools, to develop a risk analysis of each employer group.
- You will consult with sales reps to explain your analysis and work together with them to balance risk and profits.
- You will have opportunities for other projects outside the risk assessment portion of your job, such as processes for efficiency or acting as a trainer or mentor to other underwriters.
Responsibilities:
- Perform case specific risk analysis to develop appropriate premium rates for a given risk to support the market’s growth and profitability goals.
- Responsible for account level rate development and conducting customer negotiations with Sales on a more complex book of business.
- Develop strategic recommendations related to market competition, products, and pricing.
- Manage an assigned book of business, focused on attaining profitable growth, persistency, and earnings.
- Influence underwriting best practices and provide input to stakeholders on product development and pricing.
- Mentor and train less tenured underwriters. Help increase their understanding of risk management & underwriting, maintaining focus on technical knowledge and competency skill development.
- Act as a trusted resource and technical expert to team and stakeholders.
Job Specifications:
Based on existing skills and experience, candidates may be placed into one of two roles:
Group Underwriter:
- 3+ years of Group Life, AD&D, Short Term Disability, Long Term Disability, and Absence insurance underwriting. Thorough knowledge of risk factors that influence market and competitive conditions.
Senior Underwriter:
- 5+ years of Group Life, AD&D, Short Term Disability, Long Term Disability, and Absence insurance underwriting. Thorough knowledge of risk factors that influence market and competitive conditions.
Skills Required:
- Ability to make effective decisions based on strong knowledge of all financial and risk levels, both internal and external
- Ability to communicate complex ideas, persuade and negotiate effectively.
- Intermediate to advanced knowledge of Excel
- Industry designations preferred but not required.
Education: Bachelor's degree
#LI-Remote
Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and
comprehensive benefits
including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.
Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.
Salary Range:
$72,750.00 - $106,500.00 Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.
