Skills & Competencies for Underwriter (Life) II

Underwriter (Life) II job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Underwriter (Life) II

Reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications.

JOB RESPONSIBILITIES for Underwriter (Life) II

Calculates rates and premiums from approved decrement tables. Approves or denies applications on own discretion.

Underwriter (Life) II SALARY RANGE

BASE 50%
$71,195
TOTAL 50%
$75,236
Job Level
P02
Job Code
FA06000046
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Underwriter (Life) II Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Underwriter (Life) II skill and competencie below to view definitions.
INDUSTRY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

10 hard skills or competencies (industry competencies) for Underwriter (Life) II

1 Industry Competency – Insurance Industry
Proficiency Level -2
Skill definition-Applying knowledge of the insurance industry to provide risk management services and protection to various individuals from financial loss.
Level 1 Behaviors
(General Familiarity)
Explains the policy conditions of various insurance contracts and products.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Provides prompt responses to clients’ insurance-related questions and concerns.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes various tools and technologies to optimize insurance claims turnaround cycles.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides recommendations for improving methods and procedures to enhance insurance claims handling.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads the deployment of strategic approaches to address complex insurance risk management programs.
See 4 More Skill Behaviors
2 Industry Competency – Insurance Legal and Regulatory Environment
Proficiency Level -2
Skill definition-Creating, executing, and adhering to state and federal laws governing insurance operations to ensure financial security and consumer protection.
Level 1 Behaviors
(General Familiarity)
Discusses the importance of insurance regulations in protecting clients' financial security and assets.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Gathers and interprets policy contracts to understand insurance legal and regulatory standards.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Maintains financial and market regulation to validate insurance's accounting methods and procedures.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Sets guidelines to promote fairness and transparency in financial markets in providing insurance products.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops compliance and risk management standards to manage overall insurance legal and regulatory environment.
See 4 More Skill Behaviors
3 Underwriter (Life) II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Underwriter (Life) II
Proficiency Level - 4
5 Competency for - Underwriter (Life) II
Proficiency Level - 5

10 soft skills or competencies (core competencies) for Underwriter (Life) II

1 Core Competencies – Standard Operating Procedures (SOP)
Proficiency Level -2
Skill definition-A set of written instructions that describes the step-by-step activities to complete tasks in compliance with business standards and industry regulations.
Level 1 Behaviors
(General Familiarity)
Identifies our internal and external sources for the SOPs we need.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Participates in the implementation of new SOPs and enhancement of existing ones.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Maintains the accuracy of SOPs to provide consistent guidance in our workplace.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Leverages the use of SOPs to solve business and operation problems.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Keeps abreast of industry regulation and its effect on our internal SOPs.
See 4 More Skill Behaviors
2 Core Competencies – Risk Management
Proficiency Level -2
Skill definition-The identification, evaluation, and prioritization of various risks, followed by controlling practices to minimize any adverse impact.
Level 1 Behaviors
(General Familiarity)
Obtains internal and external educational resources on risk management.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Logs and updates data in the risk information management system.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Recommends methods to control or reduce risks based on assessment results.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Leads root cause analysis of risk events to establish an effective feedback process.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Forecasts changes in industry regulations and laws to control and minimize regulatory risk.
See 4 More Skill Behaviors
3 Underwriter (Life) II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Underwriter (Life) II
Proficiency Level - 4
5 Competency for - Underwriter (Life) II
Proficiency Level - 5

Summary of Underwriter (Life) II skills and competencies

There are 10 hard skills for Underwriter (Life) II, Insurance Industry, Insurance Legal and Regulatory Environment, Personal Insurance, etc.
0 general skills for Underwriter (Life) II.
10 soft skills for Underwriter (Life) II, Standard Operating Procedures (SOP), Risk Management, Critical Thinking, etc.
While the list totals 20 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Underwriter (Life) II, he or she needs to be proficient in Standard Operating Procedures (SOP), be proficient in Risk Management, and be proficient in Critical Thinking.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.