Life Insurance Underwriter Job at BBSI, Washington DC

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  • BBSI
  • Washington DC

Job Description

REPORTING RELATIONSHIPS: This position reports to the Underwriting Manager.

DUTIES AND RESPONSIBILITIES:

· Review new business submissions and make pricing recommendations in accordance with internal strategy and department goals

· Utilize analytical skills, problem-solving and critical thinking to reach business decisions

· Mentor less experienced team members and develop training materials for internal stakeholders

· Collaborate with external partners including carrier representatives

· Communicate and build relationships with insurance and benefits department team members

· Review and update benefit plan documents and procedures to ensure they align with current regulations

· Regulatory Updates for federal, state and local laws and regulations related to client benefits.

· Maintain accurate and up-to-date records of the client benefits products, ensuring compliance with data retention and privacy requirements

· Provide guidance and training to employees and managers supporting client benefits products to ensure compliant procedures, adequate training and record-keeping requirements.

· Prepare and submit timely reports to regulatory agencies and participate in any audits that occur both internally and outside of BBSI.

· Identify and address compliance issues, working with relevant departments to implement corrective actions.

· Complete assigned workflow in a timely and accurate manner

CORE TRAITS/COMPETENCIES:

· Advanced knowledge of health-care industry, benefit design, and underwriting strategies

· Excellent critical thinking and analytical skills

· Advanced communication, ability to simplify complex concepts

· Flexibility and organizational skills, able to prioritize workload as needed based on volume

· Strong interpersonal skills, can thrive as an individual contributor and in a team setting

QUALIFICATIONS:

· Bachelor’s degree required in Business, Accounting, Finance, or related field preferred

· 5+ years of health insurance underwriting experience required

· Ability to collect, reconcile, analyze, and summarize data at an advanced level

· Exceptional attention to detail and an ability to produce accurate outputs

· Strong written and verbal communication skills

· Broad range of skills with technology including Microsoft Office Suite and Excel

Salary and Other Compensation :

The starting hourly rate for this position is between 70-85K per year. Factors which may affect starting pay within this range may include geography, skills, education, experience, certifications, and other qualifications of the candidate.

This position is also eligible for annual incentive pay equal to 8% of annual regular pay, prorated in the first year, in accordance with the terms of the Company’s plan.

Benefits : The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, health savings account, flexible savings account, dental insurance, vision insurance, 401(k) retirement plan, accidental death and dismemberment, life insurance, voluntary life insurance, voluntary disability insurance, voluntary accident, voluntary critical care, voluntary hospital indemnity, legal, identity & fraud protection, commuter benefits, pet insurance, employee stock purchase program, and an employee assistance program.

Paid Time Off : Accrued sick leave of 1 hour for every 40 hours of work, with maximum based on state or regional requirements; vacation accrues up to 80 hours in the first year, up to 120 hours in years 2-4, and up to 160 hours in the fifth year; 6 paid holidays annually, 4 paid volunteer days annually.

Diversity and Inclusion are critical parts of our corporate culture. BBSI strives to create a workplace where everyone feels included and empowered to bring their full, authentic selves to work, and is treated fairly. BBSI is an equal opportunity employer and makes employment decisions on the basis of merit.

If you meet the above requirements, we welcome the opportunity to learn more about you. For more information, visit us at bbsi.com Please apply via this posting and not by contacting our local or corporate offices.

Click here to review the BBSI Privacy Policy:

Job Tags

Hourly pay, Holiday work, Local area, Flexible hours,

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