Lead Underwriting Consultant

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.

We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.

Responsibilities

• Analyzes qualitative and quantitative data and provides approval for risk selection and acceptance, coverage, and pricing. Analyzes quality and quantity of risks underwritten and prepares reports accordingly.

• Evaluate life insurance applications, including those with chronic illness riders, with a focus on both medical and financial risk assessment.

• Assists others with resolving complex issues while ensuring adherence to underwriting standards and objectives.

• Participates in business planning to support product, program and policy developmental efforts. Participates in department initiatives; assists in recommending/ implementing changes to improve productivity, profitability, growth and quality.

• Selects and classifies risks according to company philosophy and standards.

• May assist with training and developing underwriters.

• Manages retention.

• Maintains profitable mortality experience.

• Analyzes and interprets medical, non-medical and financial information.

• Make decisions within approval limits at 100% up to $15,000,000 standard to age 90.

• 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.

Skills and Abilities

• Highly developed knowledge of underwriting function

• 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.

• Familiarity with chronic illness underwriting or long-term care rider principles, including strong knowledge of morbidity

• 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 financial and non-financial underwriting factors.

• Thorough knowledge of product pricing.

• Strong organizational, communication and interpersonal skills.

• Strong analytical skills, ability to define, research and resolve problems.

• Excellent knowledge of mainframe and PC 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.

Education

• College degree required, equivalent work experience in life Underwriting may be considered Required and

• FLMI, FALU and ACS designations or current coursework toward earning certificatesRequired

Experience

• 7-10 Years underwriting experienceRequired

Base Salary Range - $125,000 - $165,000

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