Associate Underwriter
Symetra
Job Overview
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Job Description
About The Role
You will gain basic knowledge of risk-based underwriting for new and/or existing accounts. Work towards being accountable for achievement of profit, persistency, and growth goals. Apply training and demonstrate a baseline level of proficiency in risk evaluation and pricing. Underwrite new business accounts for Excess Loss typically under $500,000 in premium and under $2,500,000 attachment point. Provide support to underwriters by pre-screening cases, analyzing claims data, and processing sold cases.
What You'll Do In This Role
- Develop basic understanding of Excess Loss products, pricing, philosophies, and underwriting guidelines.
- Obtain knowledge and ability to negotiate pricing and product variations with sales force.
- Gain ability to analyze various reports, data, and other information to properly assess risk.
- New Business Pricing - review Request for Proposal (RFP) submissions including verifying integrity of claims data and plan information and requesting additional information as needed.
- Develop and communicate new business rate recommendations in accordance with pricing targets and level of authority.
- Quote authority limit of $500K in premium and $2.5M aggregate attachment point.
- Process sold accounts and renewals following established procedures.
- Relationships - Develop and maintain positive relationships with Symetra sales, field, and home office service and actuarial teams.
- Effective written and verbal communications.
- Projects and Reporting - participate in projects and training initiatives as assigned. Complete assignments accurately and in a timely manner.
Who You Are
This is an entry-level professional role requiring a basic understanding within a field of specialization. Demonstrates basic skills and fundamental knowledge within the job family, learning through experience.
Key skills/competency
- Risk-based Underwriting
- Excess Loss Products
- Pricing Negotiation
- Claims Data Analysis
- Risk Evaluation
- Underwriting Guidelines
- Client Relationship Management
- RFP Review
- Financial Services
- Communication Skills
How to Get Hired at Symetra
- Research Symetra's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor.
- Tailor your resume: Customize your resume to highlight experience in risk analysis, data interpretation, or financial services, aligning with Associate Underwriter requirements.
- Showcase analytical skills: Prepare to discuss your ability to analyze complex data, assess risk, and make informed decisions, critical for underwriting roles at Symetra.
- Emphasize communication: Practice articulating complex information clearly, as effective negotiation and relationship building are key for a Symetra Associate Underwriter.
- Understand Symetra's values: Be ready to connect your experiences to Symetra's commitment to Value, Transparency, Sustainability, and DEI during interviews.
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