Underwrites and oversees the selection of risk of large complex life applications. Manages underwriting services to contribute to the achievement of financial objectives including profitability, production and persistency of clients; developing underwriting processes, standards and programs, and reporting results.
Responsibilities
- Selects and classifies risks according to company philosophy and standards.
- Make decisions within approval and/or viewing limit up to $15,000,000, up to age 85, substandard approval limit up to 500%; limits established based on experience.
- Assists others with resolving complex issues while ensuring adherence to underwriting standards and objectives.
- Participates in department initiatives; assists in recommending/implementing changes to improve productivity, profitability, growth and quality.
- Provides mentoring, training and coaching.
- Manages retention.
- Maintains profitable mortality experience.
- Analyzes and interprets medical, non‑medical and financial information.
- Determines appropriate requirements.
- Reviews and provides signatures on referrals from underwriters.
- Identifies and provides solutions to work related problems and issues.
- Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.
- Maintains positive and effective relationships with internal and external partners.
- Participates in major projects.
- Complies with all company and site policies and procedures.
- Remains current in profession and industry trends.
- Successfully completes regulatory and job training requirements.
- Performs other duties as assigned.
Required Skills
- Highly developed knowledge of underwriting function.
- Large, complex case expertise with prior approval authority of at least $10M.
- Ability to adapt to change and excel in a fast‑paced environment.
- General awareness of current affairs, industry issues and trends, both corporate and external.
- Solid knowledge of insurance contract law and state legislative requirements.
- Strong knowledge of insurance products (plans, riders, benefits) and illustrations and how they are marketed.
- Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
- Thorough understanding of automatic reinsurance agreements.
- Highly developed knowledge of medical science, technology and terminology and their impact on mortality.
- Highly developed knowledge of financial and other non‑medical underwriting factors.
- Thorough knowledge of product pricing.
- Strong organizational, communication and interpersonal skills.
- Strong analytical kills, ability to define, research and resolve problems.
- Proven ability to work successfully in a remote environment.
- Ability to create and maintain customer relationships.
- Ability to prioritize and work effectively under deadlines balancing published service times with an appropriate customer focus.
- Ability to comprehend, retain and apply current technical information to daily work issues.
- Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement.
- Ability to work with others in a collaborative team environment.
Required Experience
Minimum 7 -10 years underwriting experience
Education/Licenses/Professional Designations
- College degree required, equivalent work experience in life Underwriting may be considered
- FLMI, FALU and ACS designations or current coursework toward earning certificates
Remote Systems Requirements
High speed internet connection required
Compensation
Base Salary Range - $120,000 - $155,000
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