Underwriter

Underwriter

USA

 

Symetra has an exciting opportunity to join our team as an Underwriter!

 About the role 

As an Underwriter, you will classify mortality risks in a sound, objective and consistent manner by applying company guidelines and philosophies with consideration for company profitability and marketplace needs. Fundamental medical and financial underwriting and product knowledge is required along with an understanding of life insurance industry practices. Handling and approval authority are for at least $500,000 or based upon management discretion.

 

What you'll do in this role 

• Review individual life insurance applications and underwrite standard and substandard risks within authorized limits of authority in accordance with department guidelines
• Determining whether to accept, reject or modify life insurance risks by evaluation of applicant’s medical history, financial background, insurable interest and financial need.
• Conferring with Senior and Specialist-level Underwriters, Medical Director, Director of Indv Underwriting and/or Chief Underwriter on complex cases and situations not established by practice. Obtaining second signature on cases that exceed designated underwriting authority.
• Meeting established time service standards. 85%  Communicate effectively with agents/producers to explain adverse underwriting decisions, while maintaining agency relationship and encouraging future business.
• Manage key producer accounts in concert with Case Specialists. Other duties/projects as assigned.
• Proven analytical and problem-solving skills. Demonstrated ability to exercise good judgment with decisiveness.
• Strong attention to detail.
• Excellent organizational skills and ability to multi-task effectively.
• Ability to communicate in clear and concise manner.
• Basic knowledge of underwriting principals, practices, insurance medicine, financial underwriting, field operations, product offerings and life insurance contract law.
• Impact Decisions have moderate impact to department or organization.
• Work product may be spot checked/reviewed for quality by others.
• Accountable to department and organization, may have financial impact to organization.
• Considerable latitude for independent judgment. Job Complexity Performs work of increasing complexity and scope within standardized parameters.
• Skills And Knowledge Advancing professional expertise. Possesses functional knowledge of profession, however, is still acquiring higher level knowledge and skills for the role.
• Reporting Structure Generally works independently however, guidance is always available from management or senior level colleagues for atypical situations or problems.
• No supervisory responsibilities.
• Contact with Others Inside contact with: Senior level underwriters, case specialists, Medical Director, Client Services group, Sales Center – Internal Wholesalers, Regional VP’s – sales and other internal departments as needed.
• Outside contact with: Producers, IMO’s/BGA’s and Reinsurers. 

 

What we offer you

“If you want to invest in yourself and build a career, this is a great place to work. If you don't want to put in the effort to learn the industry and become a student of the business (it takes real effort!), there are easier places to work.” Cris H. - AVP Internal Sales, Training and Development 

“Symetra is inclusive of all employees regardless of their personal differences.” Darrell J. - Actuary III 

“Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions.” Felicia D. - Financial Reporting Lead Senior Analyst 

Benefits and Perks

 

We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.

• Flexible full-time or hybrid telecommuting arrangements
• Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
• Paid time away including vacation and sick time, flex days and ten paid holidays
• Give back to your community and double your impact through our company matching
• Want more details? Check out our Symetra Benefits Overviewopens a pdf file

 

Compensation

 Salary Range: $ 70,600- $ 117,600 plus eligibility for annual bonus program 

 

Who you are

• A minimum of 6 months of life insurance underwriting experience is required with a degree; a minimum of 3-5 years of life insurance underwriting experience is required without a degree or equivalent combination of education and experience.
• A minimum of 2 years of life insurance industry experience.
• Completion of Symetra’s underwriter training program or equivalent if joining from another company.
• 1 to 3 years' experience working with BGA markets 
• High School diploma or equivalent experience required

 We empower inclusion.

At Symetra, we aspire to be the most inclusive insurance company in the country we’re building a place where every employee feels valued, respected, and has opportunities to contribute. Inclusion is about recognizing our assumptions, considering multiple perspectives, and removing barriers.

We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here.

 

 Creating a world where more people have access to financial freedom.

Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we’re guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they’re buying, and we design products—and operate our company—to stand the test of time. We’re committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.

 

 

Work Authorization

 

Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.