1. What are the responsibilities of Underwriter I - Life?
Responsible for reviewing and analyzing life insurance applications. Evaluates an applicant's medical history, physical condition, occupational hazards, and other information to accept, modify, or decline an application. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates rates and premiums from approved decrement tables. Ensures compliance with all industry and governmental regulations. Requires a bachelor's degree. May require Chartered Life Underwriter (CLU) certification. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
2. What are the skills of Underwriter I - Life
Specify the abilities and skills that a person needs in order to carry out the specified job duties.
Each competency has five to ten behavioral assertions that can be observed,
each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis:
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Pricing:
Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
3.)
Knowledge of Underwriting:
Underwriting simply means that your lender verifies your income, assets, debt and property details in order to issue final approval for your loan.
