Senior Underwriting Specialist

Feel Good About Doing Good

The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

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Overview

Underwrites individual life insurance contracts ranging in amounts over $1,000,000 and aggregate amounts above $1.5 million. Selects individual life insurance risks, binding the Knights of Columbus on each contract.

Core Responsibilities

Appraises, classifies, and takes action to approve or decline applications for new insurance, changes of plan, conversions, exchanges, reinstatements, and additions of benefits. Determines extra premiums for medical impairments and special hazards such as aviation, occupation, foreign residence and travel, and unusual avocations. Classifies each insurance applicant to eliminate adverse selection while maintaining equitable mortality.

Provides a second review of special cases for accuracy and adherence to underwriting standards as needed.

Communicates with field force and Home Office personnel regarding insurance applications and adjustments. Answers routine inquiries from other departments and field force concerning the Orders underwriting policies, practices, and procedures related to individual applications.

Skills Qualifications

Required:

Knowledge of medical terminology and human anatomy; ability to understand and apply medical knowledge to insurance applications

Knowledge of federal and state insurance regulations

Ability to interpret EKG results Preferred:

Knowledge of KofC policies and insurance products/offerings

Knowledge of reinsurance treaties and procedures

Problem-solving and analytical skills

Good business judgment/risk assessment skills

Effective oral and written communication skills

Capable of making informed, independent decisions

Attention to detail

Education

Required:

BS or BA degree. LOMA and ALU courses. Preferred:

8-10 years of individual life underwriting experience or equivalent combination of education and experience.

Compensation

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $132,000-$224,500.

Physical Demands

Must be able to remain in a stationary position for a majority of the workday.

Authorization to work in the US is required

This position is not eligible for visa sponsorship.

KofC Cares

Our mission is focused on family and faith, and we support our employees in seeking a balanced life.

Employee benefits include:

Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.

Professional Development: Certifications, designation, and tuition reimbursement.

Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.

Health and Wellness:

Short-term disability and term life insurance fully paid for by the company;

Up to 12 weeks of childbirth leave under STD policy.

One week of fully paid parental leave for all new parents, including adoptive and foster parents.

A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.

Long-term disability insurance;

Dental insurance;

Vision insurance;

Health club membership reimbursement;

Employee Assistance Program