Reliance Matrix · 3 hours ago
Underwriting Associate
Philadelphia, PA
Full-time
Hybrid
Entry Level
$25.10/hr - $31.37/hr
1+ years expReliance Matrix is a company dedicated to fostering an inclusive culture. They are seeking an Entry Level Underwriting Associate who will underwrite group insurance applications and assess risks while developing relationships with sales partners in the field.
Employee BenefitsFinancial ServicesInsuranceMental HealthRetirement
Responsibilities
Underwrites group insurance applications, within strict guidelines set for the issuance of policies on a standard or substandard basis
Exercises judgment based on the evaluation of collected case data for the acceptance, modification, or rejection of group underwriting requests and reviews decision and rationale with supervisor or higher-level underwriter
Develops a positive relationship with sales partners in the field
Actively strives to acquire group insurance knowledge and develop those analytical skills necessary to foster sound underwriting decisions
Analyze information in request for proposal (RFP) to establish a clear understanding of the plan design
Extrapolate differences from average norms in actuarial manual to specific factors in the RFP (e.g. demographics, industry, occupations) to identify the degree of risk
Contact internal partners (sales, actuaries, claims) to obtain further information as required
Address "concerns" raised by underwriting software to facilitate an online quote (accept, decline, modify quote)
Gain a solid understanding of common risk factors and options for mitigating those factors
May assist in gathering and evaluating data on more complex cases or block of business
Following acceptance of a quote, compare metrics of case in question to plan metrics (Build to Manual or Build to Formula for STD)
Gain solid understanding of profitability trends for certain products
Determine appropriate balance between sales and profitability and create a proposal for sales partners to present
Become a competent user of the claims system; navigate life cycles, research, manage queues and document decisions and rationale
Become familiar with resources available to research policy holder, plan information, actuarial manual, etc
Maintain accurate and adequate file documentation of all underwriting decisions, forms, or correspondence as determined by Company policy or supervisory discretion
Update renewal inventory database
Become familiar with Premium Billing System, DataMart, FileNet(Imaging), Varicent and other data processing systems as required
Qualification
Required
Bachelors degree in a related field
Effective verbal and written communication skills
Strong mathematical skills and analytical skills
Excellent organizational skills with the ability to perform detailed and diversified duties including prioritization of high volume/deadline workload
High level of customer service orientation
Ability to research and solve problems with supervision
Proficient computer skills required, including, Word, Excel, Windows, and e-mail
Preferred
Working knowledge of group insurance products preferred
State insurance license preferred
Benefits
An annual performance bonus for all team members
Generous 401(k) company match that is immediately vested
A choice of three medical plans (that include prescription drug coverage) to suit your unique needs. For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
Multiple options for dental and vision coverage
Company provided Life & Disability Insurance to ensure financial protection when you need it most
Family friendly benefits including Paid Parental Leave & Adoption Assistance
Hybrid work arrangements for eligible roles
Tuition Reimbursement and Continuing Professional Education
Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.
Volunteer days, community partnerships, and Employee Assistance Program
Ability to connect with colleagues around the country through our Employee Resource Group program
Company
Reliance Matrix
Reliance Matrix provides financial protection, absence management, and supplemental health benefits solutions.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Srinivas Jonnada
SVP & CIO
Recent News
2026-01-15
2026-01-07
2025-10-21
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