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Underwriting Assistant – II- Amalgamated Life Insurance - accounting...

JobPosting
City: New york city
Date: 14 Oct 2020
Category: Accounting & Finance

Founded in 1943, Amalgamated Life Insurance Company is now recognized as one of the nation's leading providers of high quality life, health and worksite/voluntary insurance solutions. The Company's high quality claims management and fiscal stability have earned it over 40 consecutive A.M. Best "A" (Excellent) ratings since 1975, as well as six consecutive placements on the "Ward's 50" list of the nation's top performing insurance companies. Headquartered in White Plains, NY, Amalgamated Life is an employee-centered organization with a robust, highly-competitive employee benefits and compensation package. Employees enjoy a pleasant, modern workplace environment, which features state-of-the-art technology, onsite café and fitness facilities. The Company sponsors many nonprofit and charitable endeavors and supports its employees' participation in these worthwhile causes. Amalgamated Life is a member of the Amalgamated Family of Companies.

Benefits

Amalgamated Life Insurance takes pride in the competitive and extensive benefit programs that are offered to our full-time employees.
Our benefit package includes: Health and Dental Insurance
Optical Coverage
Disability Coverage: Short-Term & Long-Term Plans
Life Insurance Coverage
Pension Plan
401(k) Plan
Fidelity Goal Planner After-Tax Savings Plan
Flexible Spending Accounts for Health Care and Dependent Care
Tuition Reimbursement
Fitness Gym Membership Discounts
e-TRAC (New York)
Time off Benefits: Vacation, Sick
Days, Personal Days, Holidays
Opt-Out Reimbursement Program
Employee Referral Award Program

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Underwriting Assistant – II

The Underwriter Assistant-II  will be learning the process to evaluate, select and retain profitable business within assigned authority limits and under the guidance of a manager and mentor. This also requires developing the skills to partner with Company sales teams, brokers and all internal partners. This position will have a particular focus on the pricing of our Life and Stop Loss products.

Gathers and assesses background information to determine risk potential and to develop required rate actions on new business for small groups
Develops proposal benefits and rates for prospective accounts by analyzing complex data including: historical claims experience, identifying adverse or favorable trends, project future costs, design benefit alternatives to reduce potential adverse selection and validate demographics and prepare competitive comparisons
Provides written responses as part of the process for completing formal Request for Proposals (RFP)
Communicates proactively with the Sales organization to facilitate new business development and retention of existing accounts
Provides supporting documentation to sales/marketing to assist them with benefit and rate presentations
Participate in conference calls with sales, account management, and/or marketing employees.
Assists in reviewing Certificates, Policies and Group Approval Sheets for sold cases
Performs other duties as assigned

Qualifications:

Strong mathematical skills
Assessment skills necessary to interpret diverse data
Ability to organize and prioritize work
Works collaboratively within work groups to accomplish departmental and organizational goals
Expresses ideas clearly in both written and verbal communications
Intermediate to Advanced proficiency in MS Excel
Bachelor’s Degree
Minimum 0-2 years prior group underwriting experience
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