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Underwriter LAD

Company: Symetra
Location: Bellevue
Posted on: May 13, 2022

Job Description:

Symetra has an exciting new opportunity to join our team as an Underwriter!
About the roleIn this position you will underwrite new business and renewal accounts for Life, AD&D, Short Term Disability (STD), Family Medical Leave (FML) and Long Term Disability (LTD), typically between 500 and 1,500 lives. Youll contribute to the achievement of Symetra's sales, profitability, persistency and service goals.
What you will do

  • Analyze competitor claim experience to develop experience rate, run manual rate and combine in accordance with credibility formulas to determine appropriate rate levels for new business accounts.
  • Review plan design, recommend changes and calculate rates for requested or recommended plan changes.
  • Develop and communicate new business rate recommendations in accordance with the level of authority.
  • Process sold accounts following established procedures. Account size primarily between 500 and 1,500 lives and sales expectations of $3 MM per year.
  • Analyze Symetra claim experience to develop experience rate, run manual rate and combine with credibility formulas to determine appropriate rate levels for in force accounts.
  • Develop renewal package with experience and rate analysis, renewal recommendation, plan change recommendations and experience summary.
  • Monitor assigned book of business to balance profitability and persistency and initiate actions to improve experience when necessary.
  • Process sold renewals following established procedures. Block size of approximately 30 accounts primarily between 500 and 1,500 lives worth approximately $10 MM annual premium.
  • Develop and maintain positive relationships with Symetra sales, field and home office service, actuarial and claims teams.
  • Participate in projects and training initiatives as assigned.
  • Maintain accurate and up to date reporting of assigned presales and renewals.
    Benefits and PerksWe dont 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 Overview
      Salary Range: $59,300-98,800 plus eligibility for annual bonus program
      Your skills and experience
      • 4 year college degree in business mathematics, finance, accounting, economics or other related degree.
      • 1+ years underwriting or actuarial experience.
      • Strong analytical and technical skills.
      • Proficient Excel and Word skills.
      • Ability to negotiate and make decisions within authority limits, recommendations outside of authority limits.
      • Effective interpersonal and written communication skills.
      • Ability to travel and make presentations to clients and producers.
      • Service oriented with commitment to meet deadlines.
      • Teamwork orientation.
        We empower inclusionAt Symetra, were 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.
        In a complex industry, we strive for clarity.Symetra is a dynamic and growing financial services company with 60 years of experience and customers nationwide. In our daily work delivering retirement, employee benefits, and life insurance products, we're guided by the principles of VALUE, TRANSPARENCY AND SUSTAINABILITY. That means we provide products and services people need at a competitive price, we communicate clearly and honestly so people understand what they're getting, and we build products that stand the test of time. We work hard and do what's right for our customers, communities, and employees. Join our team and share in our success as we work toward becoming the next national player in our industry.
        For more information about our careers visit
        Work AuthorizationEmployer 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.
        #LI-SH1by Jobble

Keywords: Symetra, Bellevue , Underwriter LAD, Other , Bellevue, Washington

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