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Underwriting Consultant

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Date Posted: Sep 24, 2022

Location(s): Aurora, IL, US, 60504 Remote, US, 0 Kansas City, MO, US, 64116

Company: MetLife

Job Location: Aurora IL, Kansas City MO, or open to Virtual anywhere in the US

 

Role Value Proposition: 

Our Regional & Small Business Solutions team is responsible for strategy, sales, underwriting, account management and overall profitability.  The Underwriting Consultant will provide group underwriting services for new business and renewals of dental, disability, life, and voluntary products for customers generally having 2-5,000 eligible employees.

The Underwriting Consultant is responsible to evaluate risk characteristics inherent in group insurance plans for prospects (new business) as well as renewals (existing business).  This person will conduct a detailed analysis to establish profitable and competitive rates and plan characteristics given the unique circumstances and needs of each group customer.

    

Key Responsibilities:  

  • Analyzes risk by running manual rate calculations and/or preparing highly complex experience-rated quotes; works with Sales team and other partners to ensure the final proposal will meet the needs of the group customer.
  • Underwrites new business quotes of highly complex requirements by analyzing plan design, demographics, and experience information to decide whether to accept risk and establish profitable and competitive premium levels.  Consistently works independently and makes decisions on quotes of a highly complex nature.  Engages internal partners on aspects that require investigation. 
  • Underwrites renewals by reviewing current plan's premium history, claims history, and company financial condition to determine appropriate renewal action.
  • Prices and offers plan changes, produces experience analysis, and responds to inquiries from the Sales team, broker, customer, and other partners.
  • Works proactively and collaboratively with internal and external partners to make sound decisions that will continue to build MetLife’s book of group insurance business. Proactively provides market-differentiating solutions to increase likelihood of success on a given quote.

 

Essential Business Experience and Technical Skills:

Required:

  • Bachelor's degree.
  • Excellent communication skills (verbal, written, listening).
  • Excellent analytical skills and problem solving capabilities. Ability to utilize market and process knowledge in a manner that increases the likelihood of success or differentiates MetLife versus that of the competition, particularly on complex quotes requiring a thorough analysis.
  • Ability to work under pressure and meet tight deadlines and consistently produce a high volume of work on complex quotes.
  • Ability to adapt to change and learn new products as needed to assist with team workload. 
  • Strong customer service skills. Consistently demonstrates outstanding partnership with internal partners.  Ability to communicate directly with customers and/or third parties in order to arrive at solutions.
  • High level of organizational skill and the ability to prioritize and multi-task.
  • Team player: works well with other underwriters and business partners.
  • Strong Working knowledge of Microsoft products such as Excel and Word. Ability to develop spreadsheets using complex formulas functionality to maximize efficiency.
  • Expertise in participating as a member of project teams to continually improve underwriting operations. Prepare and deliver training materials. Ability to serve as a mentor for less-experienced underwriters, review work, and provide job coaching. 
  • Ability to grasp market and industry trends and proactively incorporate those aspects into the decision-making process.

Preferred:

  • 5+ years of group underwriting experience.
  • Strong knowledge of underwriting policies and procedures, underwriting guidelines and philosophies. 
  • College degree in Math, Business, Finance, or the Financial Services industry.
  • Advanced degree is a plus.

 

Business Category

US Business – Group Benefits

 

Number of Openings

5

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

 

The wage range for this position specific to Colorado is 71,700 to 95,600. The role is eligible for incentive compensation under the MetLife Annual Variable Incentive Plan ("AVIP").  Your eligibility for and award of incentives are governed by the terms of the plan. MetLife offers a comprehensive benefits program that includes Medical, Dental, Life, Vision plus Retirement benefits and Paid Time Off.

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 

       

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

MetLife maintains a drug-free workplace.

 

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.


Nearest Major Market: Aurora
Nearest Secondary Market: Chicago