Symetra has an exciting opportunity to join our team as a
Sr. Life and Disability Underwriter!
About The Role
In this role, you will contribute to the achievement of Symetra's sales, profitability, persistency, and service goals by underwriting new business and renewal accounts for Life, AD&D, Short Term Disability (STD), Family Medical Leave (FML) and Long-Term Disability (LTD), typically between 1,500 and 10,000 lives. You will also provide training and mentoring to the Underwriting team and other departments, manage projects and/or training initiatives.
What You Will Do - New Business Pricing
- Analyze competitor claim experience to develop experience rate, run manual rate and combine in accordance with credibility formulas to determine appropriate rate levels for new business accounts using a variety of rating and funding methods.
- Review plan and process design, recommend changes, and calculate rates for requested or recommended changes.
- Develop and communicate new business rate recommendations in accordance with the level of authority.
- Process sold accounts following established procedures.
- Account size primarily between 1,500 and 10,000 lives and sales expectations of $4.5 MM per year.
- Renewal Pricing and Book of Business Management
- Analyze Symetra claim experience to develop experience rate, run manual rate and combine with credibility formulas to determine appropriate rate levels for in force accounts using a variety of rating and funding methods.
- Develop renewal package with experience and rate analysis, renewal decision, plan and process change recommendations and experience summary.
- Monitor assigned book of business to balance profitability and persistency and initiate actions to improve experience when necessary.
- Process sold renewals following established procedures.
- Block size of approximately 25 accounts primarily between 1,500 and 10,000 lives worth approximately $17 MM annual premium.
- Relationships
- Develop and maintain positive relationships with Symetra sales, field and home office service, actuarial and claims teams.
- Visit sales offices for training and expanding sales activity and assisting in sale of renewals.
- Develop and maintain relationships with producers, clients and reinsurance partners including running external meetings (approximately 5-6 trips per year)
- Provide competitive feedback on rates and products to management.
- Projects, Mentoring and Reporting
- Manage projects and training initiatives as assigned.
- Develop improvements in underwriting practices, pricing, and marketing strategies.
- Act as mentor to junior underwriters and analysts through training, answering questions and reviewing accounts that exceed their authority levels.
- Assist in interviewing and hiring of new staff members.
- Maintain accurate and up to date reporting of assigned presales and renewals.
Why Work at Symetra
Here’s what some of our employees have to say about why they work at Symetra:
“If you're looking for a place to call home, grow professionally and personally and most importantly, be yourself, Symetra is the right fit.” Daniel P. - Senior Underwriter
“The atmosphere at Symetra is truly different than at other companies. If you are looking for a company where your voice will matter and be heard, Symetra is the place for you.” Sydney S. - Actuarial Associate II
What We Offer You
Benefits and Perks
We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
- Flexible full-time or hybrid telecommuting arrangements
- Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
- Paid time away including vacation and sick time, flex days and ten paid holidays
- Give back to your community and double your impact through our company matching
- Want more details? Check out our Symetra Benefits Overview
Compensation
Salary Range: $82,900 – $138,100 plus eligibility for annual bonus program
Who You Are
- High School Diploma required. A 4-year college degree or equivalent combination of education and work experience preferred.
- 5+ years life and disability underwriting or actuarial experience.
- Outstanding analytical and technical skills.
- Strong Excel, Word, and Power Point skills.
- Able to act independently, be consultative, negotiate and make decisions within authority limits and make recommendations outside of authority limits.
- Able to travel and make/run presentations to clients and producers and represent Symetra at industry events.
- Significant knowledge of employee benefits.
- Service oriented with commitment to meet deadlines.
- Strong teamwork orientation.
- Critical thinker with excellent written and verbal communication skills.
- Proven decision-maker.
- Strong attention to detail and accuracy.
- Fosters a positive and proactive work environment.
- Industry designations such as CEBS, FLMI, DHP DIF, DIA or HIA are a plus.
We empower inclusion
At Symetra, we aspire to be the most inclusive insurance company in the country. We’re building a place where every employee feels valued, respected, and has opportunities to contribute.
Inclusion is about recognizing our assumptions, considering multiple perspective, and removing barriers. We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here .
Creating a world where more people have access to financial freedom
Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we’re guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they’re buying, and we design products—and operate our company—to stand the test of time. We’re committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.
For more information about our careers visit https://symetra.eightfold.ai/careers
Work Authorization
Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.
]]>
