Job Description
Job Description:
Pay Range: $40hr - $45hr
Responsibilities:
Evaluate and handle all underwriting aspects of formal & informal life insurance applications.
Determine whether to accept, modify, or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazard, and financial background.
Deliver the best offer first to drive the sale and not only a decision.
Provide efficient, quality service to third party firms, their staff and their advisors.
Communicate effectively with customers to explain underwriting decisions and facilitate placement of business.
Understand underwriting policies, guidelines, practices and procedures.
Influence and champion changes to improve processes while maintaining mortality expectations.
Tailor communication style to fit a variety of target audiences, i.e. agency, new business personnel and foster relationships with advisors and third party partners.
Collaborate effectively with stakeholders to gather information necessary for decision making and to select profitable risks.
Provide consultations with third party firms to resolve, rate questions and discrepancies, or risk related concerns.
Consider total case financials, relationship and value of customer;
Leverage interpersonal and emotional intelligence skills to develop relationships with key business partners across this competitive landscape, which can be relied on to inform decisions and communicate underwriting decisions;
Able to independently work assigned requests with minimal direction.
Comfortable with ambiguity.
Build trust and foster strong rapport with colleagues, business partners, and third party customers.
Qualifications:
5+ years life insurance underwriting experience with at least (USD)3 - (USD)5 million Life Insurance underwriting authority.
Expert knowledge of all aspects of risk selection (medical, non-medical, financial).
Mastery of key underwriting concepts, best practices, and procedures including identifying exposures to loss, material hazards, and implementation of necessary risk management controls.
Strong knowledge of UW administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality and the keen ability to position with brokers and sales partners.
7+ years underwriting experience with over (USD)3 - (USD)5M life approval limit (most current 3+ years on life insurance).
Term and permanent life insurance underwriting.
Third party distribution, banks or wire house underwriting experiences.
Reinsurance Experience:
Industry exams completed, i.e. FMLI, FALU, CLU, ChFC.
Demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team environment.
Ability to think critically, problem solve using data to drive toward resolution.
Positive, inclusive, agile, and collaborative mindset.
Strong verbal and written communication skills.
Education:
High school diploma or GED.
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