Full-Time

Group Insurance Underwriter II

Posted on 8/9/2024

Horace Mann

Horace Mann

1,001-5,000 employees

Insurance and financial services for educators

No salary listed

Mid

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Sales
Communications
Marketing
Requirements
  • Bachelor’s degree required, preferably in a field related to Math, Statistics, or Insurance Business.
  • Periodic travel may be required.
  • 3+ years of experience in group life and disability environment required.
  • Demonstrated knowledge of underwriting concepts and techniques of general group insurance and benefit funding designs/methodology.
Responsibilities
  • Provide accurate and timely evaluation and rating of prospects, sold cases, plan change amendments and renewals through analysis of group’s risk characteristics.
  • Assure premium income adequately reflects the group’s risk and that contracts meet legal and company standards.
  • Manage assigned groups to ensure retention and profitability.
  • Monitor rate and benefit changes to ensure timely, accurate, and profitable implementation of amendments.
  • Maintain knowledge of contract provisions, OCI statues, insurance laws, and mandated benefits corresponding to benefits provided.
  • Correspond with inside and outside marketing/sales personnel, actuarial and legal resources, systems, billing, administration, underwriting and claims to assess plan changes, extensions of coverage, and benefit changes.
  • Respond to written and verbal inquiries from, sales personnel, and internal departments, including discussion of in-force policy provision, claims experience, technical aspects of specific financial arrangements and interpretation of legal statutes.
  • Maintain effective working relationships with agents, brokers, and clients.
  • Respond to inquiries in a personal, constructive manner.
  • Maintain constructive relationships with reinsurers through professional communication and understanding of reinsurance agreements. Assure compliance with reinsurance underwriting standards and limitations.
  • Perform proper documentation of underwriting files including but not limited to manual rates, rate calculations, phone conversations, and any written or verbal agreements.
  • Develop innovative solutions for completion of special projects as necessary.
  • Handle moderately complex cases within assigned authority limits. Complex cases still to be reviewed with Manager.
  • Identify unusual, non-standard circumstances needing special consideration and escalate to senior levels and/or management.
  • Assist in training and coaching of junior underwriting staff as needed.

Horace Mann provides insurance and financial solutions specifically designed for educators and community service professionals. The company offers a variety of insurance products, including auto, home, renters, and life insurance, as well as financial services like retirement planning and investment options. Horace Mann serves around 1 million K-12 educators in the U.S., focusing on their unique financial needs. Unlike many competitors, Horace Mann operates in a niche market, allowing it to tailor its offerings to the education sector. The company also engages with the education community through initiatives like DonorsChoose, which helps teachers obtain funding for classroom resources. Horace Mann aims to support educators in achieving financial stability and success throughout their careers.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Springfield, Illinois

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with TransUnion enhances financial wellness offerings for educators.
  • Recent investments indicate strong investor confidence in Horace Mann's growth prospects.
  • Recognition of educators through awards strengthens brand image and community commitment.

What critics are saying

  • Increased competition from fintech companies offering digital-first insurance solutions.
  • Rising trend of personalized insurance products pressures innovation in offerings.
  • Partnerships with data companies could expose Horace Mann to data privacy risks.

What makes Horace Mann unique

  • Specializes in financial solutions tailored for educators and community service professionals.
  • Offers a range of insurance products including auto, home, renters, and life insurance.
  • Supports educators through initiatives like DonorsChoose for classroom resources.

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Benefits

Remote Work Options

Hybrid Work Options

Company News

MarketBeat
Mar 14th, 2025
Proficio Capital Partners LLC Makes New $428,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Proficio Capital Partners LLC makes new $428,000 Investment in Horace Mann Educators Co. (NYSE:HMN).

Coverage
Jan 30th, 2025
Horace Mann Unveils Catalyst

Financial services company focused on educators. Horace Mann <i class="fa fa-info-circle company-popover" data-content="h3Horace Mann/h3. div

Slater Sentinel
Nov 10th, 2024
Summit Global Investments Makes New $674,000 Investment in Horace Mann Educators Co. (NYSE:HMN)

Summit Global Investments makes new $674,000 investment in Horace Mann Educators Co. (NYSE:HMN).

Stock Titan
Oct 16th, 2024
Horace Mann bolsters its financial wellness offerings for educators with new TransUnion partnership

Horace Mann's partnership with TransUnion to offer HMScore(TM) is a strategic move that could positively impact the company's market position and customer acquisition in the education sector.

MarketBeat
Sep 27th, 2024
Intech Investment Management LLC Invests $551,000 in Horace Mann Educators Co. (NYSE:HMN)

Intech Investment Management LLC invests $551,000 in Horace Mann Educators Co. (NYSE:HMN).

INACTIVE