What are the responsibilities and job description for the Underwriting Analyst position at The Hartford?
UW Analyst - UO09CN
We’re in the business of helping people achieve amazing things by protecting the things that matter most. And you can help us when you join our team of underwriters. They’re at the center of everything we do – and by joining us, you’ll be on a team known throughout the industry for providing our customers with just the right amount of coverage they need to pursue their unique interests.
Here, doing things the way they’ve always been done isn’t a part of the job. Here, you’ll be putting your creative insights to work with other underwriters and leaders, having a seat at the table with key decision makers. And you’ll have any number of opportunities for your career to grow in whatever direction you choose. Your underwriting career here means collaboration, inclusivity, innovative thinking and so much more.
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
We’re in the business of helping people achieve amazing things by protecting the things that matter most. And you can help us when you join our team of underwriters. They’re at the center of everything we do – and by joining us, you’ll be on a team known throughout the industry for providing our customers with just the right amount of coverage they need to pursue their unique interests.
Here, doing things the way they’ve always been done isn’t a part of the job. Here, you’ll be putting your creative insights to work with other underwriters and leaders, having a seat at the table with key decision makers. And you’ll have any number of opportunities for your career to grow in whatever direction you choose. Your underwriting career here means collaboration, inclusivity, innovative thinking and so much more.
The Underwriting Analyst supports both Regional Accounts (1,000-4,999 lives) and National Accounts (5,000 lives) business. The functions the Underwriting Analyst supports are pre-sales, renewals, and customer reporting.
Experience:
Presale Support:
- Reviews RFP submissions and census for completeness and accuracy. Requests missing information from the underwriter.
- Interprets group life, long-term disability, short-term disability, accidental death & dismemberment contracts/booklets to create ratings based on the in-force plan design, to develop manual rates. Highlights any discrepancies while utilizing independent thinking skills to propose alternate plan designs as necessary to closely match plan designs.
- Initiates consultative huddle discussion with the Underwriter to gain clarity on any outstanding questions and review proposed plan designs.
- Consistently maintains 97% target and above 93% accuracy for delivering ratings by assigned due date.
Enforce/Renewal Support:
- Utilizes current census from enforce customers to work up a renewal. Checks for census completeness and applies data integrity elements; escalating when viable census is not received.
- Compares renewal census with current premium and experience reporting to identify any discrepancies and notes any concerns.
- Reviews current plan, research, and applies any plan changes from prior renewal.
- Reviews experience information and inputs required data into pricing tools to develop formula rate.
- Identifies and troubleshoots discrepancies as needed.
- Initiates consultative huddle discussion with the Underwriter to gain clarity on any outstanding questions, summarizes the renewal information, highlights areas of concern, and makes recommendation to Underwriter.
- Populates Renewal Letter template.
- May answer questions; provide/verify information, price plan changes, rates, services, etc.
Qualifications:
- BS/BA in Finance, Economics, Business, Accounting, or related field or equivalent experience preferred.
- 3 years of experience or Internship
- Business-Product Knowledge
- Solid MS Office Knowledge (Microsoft Excel formulas, sorting, v-lookups, pivot tables)
- PowerPoint knowledge preferred.
This role will have a Hybrid work arrangement, with the expectation of working in an office 3 days a week (Tuesday through Thursday).
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$44,160 - $66,240
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
Salary : $44,160 - $66,240
Underwriting Assistant
Berkley -
West Hartford, CT
Underwriting Assistant
Beazley Management Limited -
West Hartford, CT
CHFA UNDERWRITING SPECIALIST
FIRST WORLD MORTGAGE CORPORATION -
West Hartford, CT
