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Underwriting Assistant III

Company: HCC Life Insurance
Location: Minnetonka
Posted on: June 8, 2021

Job Description:

Job Summary

Under general supervision, performs various routine underwriting tasks to assist in the processing and renewal of policies and contracts for the Underwriting department.

Key Responsibilities

Relying on experience and knowledge, this role is responsible for accomplishing the following assignments. These assignments reflect substantial variety and are broad in nature.

Key Responsibilities

  • Pull and distribute census and zip code information to be entered into internal databases (PA) by Underwriting Assistants.
  • Evaluate, analyze, and/or interpret plan documents, amendments, and/or schedules of benefits provided by third-party administrators (TPAs)/brokers.
  • Responsible for the accuracy and completion of underwriting information and data entry forms pertaining to new and sold business, as well as renewal and life cases.
  • Data entry of all pertinent information obtained through the analysis of requests for proposal (RFPs) to generate manual rates from internal database.
  • Evaluate, analyze, and/or interpret aggregate reports provided by TPA/brokers to determine risk and also assist Underwriters with their determination of discretion to assign.
  • Obtain all necessary information required by the Underwriters so they may provide the best quote possible for TPA/brokers.
  • Generate analysis reports for underwriters illustrating the progress of the HCCB Underwriting department and other factors pertaining to renewal and new business growth.
  • Communicate effectively with TPA/brokers, peers, and other departments. Answer questions, within scope of ability and refer other questions to appropriate person.
  • Study and learn underwriting manual and HCCB Underwriting procedures to work towards an underwriting position.
  • Maintain required documentation on all RFPs and policy renewals in system, manual files, and scanned document storage.
  • Perform other general clerical duties such as data entry, mailing, copying, filing, faxing, scanning, ordering supplies, and operating departmental office equipment.

Competencies

Planning

  • Follow work plans, established timelines, and predefined goals for assigned work.
  • Meet commitments on deadlines.

Communication

  • Possess strong customer focus and high service level relationship with clients.

Cost Management

  • Perform work thoroughly in a cost-efficient manner and at a high productivity level.
  • Utilize company resources effectively.

Business Controls and Policies

  • Comply with all corporate policies and procedures.
  • Take all reasonable steps to safeguard company assets against waste, loss, unauthorized use, and misappropriation.
  • Report any breakdown in controls to a supervisor or manager.

People Management

  • No people management responsibility
  • May orient, train, assign, or review the work of less experienced employees.

Keywords: HCC Life Insurance, Minnetonka , Underwriting Assistant III, Other , Minnetonka, Minnesota

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