Life Underwriter

About the position

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good! Attention graduating seniors in the Spring 2025 class! The Life Underwriting role is an awesome opportunity to leverage a 4 year degree to train in a medical Underwriting role. This complex role is great for someone who is interested in the medical information industry, working in a fast-paced production environment. You will be reviewing applications and medical records, utilizing our Underwriting tools and your training for risk assessment of agent initiated applicants. Training Details: Training is 16-24 weeks. Core hours of operation: 8:00am - 4:15pm (Local time). Work Arrangement: Full-time work schedules are 38:45 hours per week, eligible for over-time pay for time worked over 40 hours. Overtime expected when needed. Schedules may include Saturdays, on occasion. Bloomington, Richardson, and Tempe based candidates will be Hybrid with the expectation to be in the office at least 4-5 days per month (subject to change).

Responsibilities

• Review, process, and make decisions regarding Life insurance applications using risk-assessment tools in accordance with underwriting procedures, guidelines, and legislative requirements
• Make quality decisions in a timely manner to assign proper underwriting risk classification
• Demonstrate thorough knowledge in handling complex Life underwriting cases with minimal supervision
• Communicate clearly and professionally with various internal and external contacts
• Serve as a technical resource for agency personnel
• Build a working knowledge of medical and non-medical risk factors and technical skills
• Perform risk selection within assigned retention limits/authority guidelines
• Build a working knowledge of Life/Health insurance products and compliance issues
• Manage special projects, as assigned
• Review underwriting processes and make recommendations for improvement
• Manage multiple computer applications while maintaining quality records in a fast-paced, collaborative team environment
• Mentor and train others

Requirements

• Analyze and review lines of business to develop recommendations and assist our agents with achieving a profitable book of business
• Responsible for proper pricing, placement and termination of risk within assigned levels of authority as well as acceptance continuation
• Communicates clearly and professionally through remarkable customer service skills
• Handles multiple computer applications while maintaining quality records in a fast-paced collaborative team environment
• Bachelor’s degree is strongly preferred in the areas of business, finance, medical, insurance, and/or education
• Thrives on accountability to your team, your work and your schedule!

Benefits

• Salary starts at: $59,059.65
• Potential yearly incentive pay up to 10% of base salary
• State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan
• All medical plans provide 100% coverage for in-network preventative care
• Access to vision, dental, telemedicine, 24/7 mental health professionals, and much more
• Educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring
• Fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching
• Generous time off policies designed for holidays, family events, volunteering, or just to take a relaxing day off
• Opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days
• Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund
• 401(k) plan with company contributions of up to 7% of your salary