What are the responsibilities and job description for the Rating Analyst position at The Standard?
At The Standard, you’ll join a team focused on putting our customers first.
Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.
We offer a caring culture where you can make a real difference, every day.
Ready to reach your highest potential? Let’s work together.
Job Summary:
Analyze and evaluate straightforward broker submitted bid specifications or The Standard’s inforce plan designs to determine requested plan designs and product options. Apply sound underwriting and business judgment to determine appropriate plan designs, product options and calculated rates to offer in the effort to write and retain long term profitable business. Provide underwriting support in the calculation of rates on large and complex cases.
Principal Duties & Responsibilities:
Risk Decisions
Apply sound underwriting and business judgment to determine appropriate plan designs, product options and census formatting to input into calculation system, and to determine appropriate calculated rates. Release binding proposals for basic insurance risks, which business rules do not flag for routing to an associate underwriter or underwriter, that will contribute to the Company’s profitable growth objectives.
Provide timely analysis and evaluation of straightforward broker submitted bid specs or The Standard’s inforce plan designs to determine products, plans and options requested.
Underwriting Support
Provide underwriting support in the calculation of rates on large and complex cases.
Customer Service
Develop and maintain effective working relationships with field sales and service personnel, and home office personnel, through clear, concise and responsive communication, problem resolution and anticipation of customer expectations.
Job Specifications:
Education and Experience: Bachelor’s degree in Business or related field or 2 years work experience requiring critical thinking skills and analytical decision making.
Knowledge & Skills: Perform accurate math calculations including some use of algebraic formulas; analyze written information for accuracy and completeness; express ideas clearly both in written and oral communications; excellent time management skills; strong customer service orientation; demonstrated ability to make good decisions; demonstrated aptitude with products in Microsoft Office Suite.
Physical Demands:
N/A
Note: The Standard is required to provide a reasonable estimate of the pay rate for this role when hiring a Colorado resident. The salary for employees working in Colorado in this role is listed below. The Standard’s package also includes incentive plan participation and comprehensive benefits including medical, dental, vision, retirement, and paid time off.
Please note, eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.
Hourly Pay Range:
20.72 - 30.77Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.