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Principal Financial Group · 3 days ago

Underwriting Consultant

Des Moines, IA

Full-time

Hybrid

Mid, Senior Level

$69K/yr - $126K/yr

4+ years exp

Principal Financial Group is a trusted leader in financial services, dedicated to making financial security accessible to all. The Underwriting Consultant will assess risk and develop strategies for profitable growth, providing consultative support and collaborating with sales personnel and internal partners.

Financial ServicesInsurance

No H1B

Responsibilities

Provide technical training, coaching, review assistance and feedback for internal staff and external partners via live case analysis or quality review

Partner with local market sales personnel and relevant internal collaborators. Develop and support strategic business plans by serving as an internal and external advocate. This helps meet our business unit growth and profit goals

Analyze risk and develop rating strategies for employer groups or blocks of business by evaluating pricing tools, claims experience, demographics, market competitiveness, and regulatory requirements, ensuring alignment with internal goals

Provide consultative services to local sales personnel and external customers on rating options, contract terms, and benefit strategies, through discussions, presentations and conference calls. Effectively communicate and negotiate pricing recommendations, rational and impact

Review work performed by others (pre or post release) to authorize deviations from standards and provide recommendations for improvement. Provide appropriate motivation and coaching for learning and development of team members

Collaborate with internal partners to assess customer needs and identify solutions to non-standard requests and problems. Solves moderately complex problems independently

Act as a business lead/subject matter expert for department and segment projects, owning necessary research, data analysis, and development of recommendations. Provide input on data needs going forward to validate the appropriate of the recommendation at a future date

Qualification

Underwriting experienceRisk analysisLeadership skillsAnalytical skillsPresentation skillsNegotiation skillsGeneral math skillsComputer skillsMedium to Large Case UnderwritingMarket knowledgeBusiness unit applicationsCommunication skillsProblem-solving skillsTime managementAttention to detailConfidentiality

Required

A Bachelor's degree or equivalent experience is required

4+ years of underwriting experience

Advanced understanding of products within the business unit

Excellent planning/organizational skills

Excellent problem-solving skills

Excellent time management skills

Excellent decision-making skills

Excellent analytical skills

Excellent oral and written communication skills

General math skills

Proven leadership skills

Proven presentation skills

Proven negotiation skills

Must maintain a high degree of accuracy and attention to detail while ensuring confidentiality

Travel required (5%), including overnight stays

Preferred

Computer skills and knowledge of business unit applications

Experience in Medium to Large Case Non-Medical Group Underwriting

Industry, market and competitor carrier knowledge

Benefits

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.

Pension Eligible

Company

Principal Financial Group

Glassdoor3.9

Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023.

Founded in 1879

Des Moines, Iowa, USA

10001+ employees