Underwriter,Insurance Job Minneapolis area,Minnesota USA,Insurance

Delta Dental of Minnesota is proud to be the largest regional provider of dental benefits, serving over 7,000 Minnesota and North Dakota-based purchasing groups and 4.5 million members nationwide. We aim to provide a work environment that engages each individual while encouraging growth and professional development. We are proud to be named a Top Workplace employer for several years and take pride in our team members for building this reputation.

GENERAL

SUMMARY

This position is responsible for assessing financial risk by performing underwriting duties. These duties include, but are not limited to, decision‑making and approval for prospective and renewal customers (risks) and alternate plan designs and changes related to new or existing customers.

This position will be with Stratacor, an affiliate of Delta Dental of Minnesota.

ESSENTIAL FUNCTIONS

Develop an understanding of and (through underwriting) profitably grow the company’s market position

Collaborate with Sales Representatives and Account Management personnel to determine the most appropriate and profitable rate/fee/plan design/contract length to propose to prospective and existing customers

Utilize corporate rating policies and formulae to ensure corporate profitability goals are met

Perform functions associated with underwriting business to ensure rates/fees are produced accurately and in a timely manner

Gain a thorough working knowledge of all rating methods and formulae used, and be able to complete all basic underwriting independently

Utilize advanced mathematical and statistical methodology in the analysis of customer underwriting and risk data

Primary focus is on “large group” business

Develop a working relationship with underwriting department members and understand the function of each

Develop and maintain a working relationship with other company departments and understand their impact on underwriting workflow and how underwriting affects other departments

Represent the Underwriting Department to external parties, including brokers/consultants, existing and potential group customers, etc.

Other duties as assigned by management

REQUIRED KNOWLEDGE,

SKILLS AND ABILITIES

Excellent problem‑solving, analytical, oral, and written communication skills

Proven ability to exercise good judgment and make independent decisions

Customer service orientation toward internal and external parties

Interpersonal skills to deal with a variety of people and the professional demeanor to represent the company to external contacts

Knowledge of contract structure, benefit interpretation, rating formulae, methodologies, and underwriting practices

Detail‑oriented with demonstrated ability to multitask and work successfully against deadlines

Advanced computer skills, including but not limited to Microsoft Excel and Word, are necessary

REQUIRED EDUCATION AND EXPERIENCE

Minimum of a 4‑year college degree in business, mathematics, or a related field, or equivalent experience

Work experience in the health insurance industry with 1 to 3 years of underwriting experience. Dental underwriting experience is preferred

WORK ENVIRONMENT/PHYSICAL DEMANDS

Travel Requirements:
None
Weight Lifting Requirements: 10lbs

RELATIONSHIPS

Reports To:

Director of Underwriting

Directly Manages:
None

Internal Relationships:
All levels of the corporation with frequent contact with sales/account management, actuarial and accounting departments

External Relationships:
Brokers, consultants, and customers

The starting salary range for this position is between $52,500.00 to $65,750.00 annually. Salary offers will typically be made in the listed range. The Company takes into consideration a candidate's education, training, and experience, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value, including merit process and internal pay alignment, when determining the salary for potential new team members.

In compliance with state and federal regulations, a potential new team member's salary history will not be used in compensation decisions.

EQUAL EMPLOYMENT OPPORTUNITY (EEO) STATEMENT

Equal Opportunity Employer/Protected…


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Job Posting Language

Underwriter, Insurance