AB-Group Underwriting - Analyst II

Date Opened: Jan 7, 2023

Location: Remote, Remote, US

Company: Allstate Insurance Company

The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don’t follow the trends. We set them.

Job Summary:

Works with underwriters under supervised conditions to develop an understanding of the risk evaluation and management process. Become familiar with underwriting methods, formulas and techniques necessary for financial analysis and manual rate development. Become familiar with the various products through contract reviews, requested plan designs and benefit options. This position will lay the foundation for the Group Underwriter position.

Key Responsibilities:

• Review and manipulate census data for input into various rating tools generating manual rates
• Evaluate requested and in-force plan designs for reasonability and appropriateness across multiple products
• Analyze data related to the risk for small cases, to determine what benefits, if any, can be offered and at what cost (rating)
• Using AB's workflow management tools, thoroughly document thought processes to support decisions
• Make case level recommendations using independent judgment as well as following underwriting guidelines
• Applies judgment to identify when deviation from standard practice is required
• Conduct research to secure additional data needed to make determinations on benefits and premiums
• Communicate with sales and various internal departments concerning underwriting decisions and procedures
• Develop relationships and establishing credibility with sales and colleagues
• Respond timely and accurately to requests made to the underwriting team while maintaining positive relationships with our internal and external customers
• Prepare proposals and/or offer information and coordinate final proposal presentation, including preparation of all required exhibits

Education and Experience:

• 0 - 2 years of related experience
• Bachelor's Degree or equivalent experience

Functional Skills:

• Proven use of judgment and critical thinking abilities
• Strong mathematical aptitude
• Professional demeanor
• Familiarity of group insurance products
• Good computer skills including advanced knowledge of Microsoft applications
• Good communication skills (oral, written, presentation, email/phone etiquette)
• Good decision maker and problem solver
• Multi-tasker
• Creative thinker
• Detail Oriented

Compensation offered for this role is $42,600- $56,750 and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy. For a full description of Allstate’s benefits, visit allstate.jobs/benefits/

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

Allstate generally does not sponsor individuals for employment-based visas for this position.

 

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