Underwriter, Insurance

Underwriter Company Information

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.

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.

• 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

• 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

• 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

• Travel Requirements:
  None
• Weight Lifting Requirements: 10 lbs

• 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

Benefits for this position include medical, dental, vision, and life insurance; disability coverage; flexible spending plans; a 401(k) plan; paid time off (PTO); and holidays. Visit http://(Use the "Apply for this Job" box below). for more information.

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…