In business for over 70 years, Sentinel Security Life Insurance Company is a rapidly growing insurer of life, accident, health and Medicare supplement insurance. We are currently seeking an Associate Underwriter in our medical underwriting group. This is a full-time, non-exempt position located in Salt Lake City, UT.
Essential Duties & Responsibilities
Essential Duties and Responsibilities:
Product Development- Manage the design, pricing and contract language for all new products, including Annuities, Medicare Supplement and Final Expense.
Financial Projections- Manage monthly, quarterly and annual projections using AXIS to evaluate past and future expected financial performance of the company.
Profit Modeling- Compare actual monthly and quarterly financial outcomes to the expected results and prepare easy-to-understand summaries. This includes updating and projecting premium, commissions, expenses, investment income, claims, taxes and profits to support long term planning.
Cash Flow Testing and Asset/Liability Management- Build out internal CFT/ALM functionality in AXIS. Validate that current and projected assets are adequate to cover current and future liabilities for Life/Annuity products.
Experience, Education & Skills
Bachelor’s degree in finance/insurance, mathematics, or related field with 6+ years of relevant experience; or any combination of education, professional training, or work experience that demonstrates ability to perform the job.
Expert knowledge and experience with use of Microsoft Excel and Access, SQL, Visual Basic and related tools to assist in analyzing and managing data.
Intermediate to Expert proficiency with GGY-AXIS modeling software.
Experience with Annuity actuarial work (pricing, valuation, cash flow testing, etc.).
Familiar with actuarial principles and practices of managing insurance risk.
Ability to communicate professionally and effectively. Skill in clearly communicating complex concepts verbally and written.
Experience with Individual Life and Supplemental Health lines of business.
10+ years of relevant experience.
Sentinel Security Life Insurance Company's Home Office in Salt Lake City, Utah is full of energetic, fun, engaged and dedicated employees. Come and be a part of our growing team and enjoy an on-site gym, free massages once a month, monthly staff meeting luncheons, energizing work environment, wellness programs, quarterly bonus opportunities, competitive salary, generous benefit package, 401(K) matching program, tuition reimbursement and friendly co-workers. If you are looking for a chance to work hard, have fun, and make a significant contribution to our dynamic company, submit your salary history and resume today! We are an equal opportunity employer dedicated to workforce diversity and a drug-free workplace. A background check is required.Apply Now