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. 

Responsibilities

• Analyzes qualitative and quantitative data and provides approval for risk selection and acceptance
• Makes decisions within approval limits up to $15,000,000
• Communicates and collaborates with the field and home office to provide top-tier service to our customers
• 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
• Assists others with resolving complex issues while ensuring adherence to underwriting standards and objectives
• Reviews and provides signatures on referrals from underwriters
• Assists with training and developing underwriters
• Manages retention, autobind and jumbo
• Maintains profitable mortality experience
• Analyzes and interprets medical, non-medical and financial information
• Determines appropriate requirements
• Identifies and provides solutions to work related problems and issues
• Maintains positive and effective relationships with internal and external partners
• Participates in projects and initiatives to support our business plan
• 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

Knowledge, Skills and Abilities

• 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
• Strong knowledge of insurance products (plans, riders, benefits) and illustrations and how they are marketed and priced
• Experience in an accelerated underwriting environment including working with various data sources
• Strong knowledge of reinsurance marketplace with full understanding of retention, automatic and jumbo reinsurance arrangements
• Strong organizational, communication and interpersonal skills
• Strong analytical and critical-thinking skills; ability to define, research and resolve problems
• Ability to create and maintain customer relationships
• Ability to prioritize and work effectively under deadlines balancing service levels 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 recommend process improvement
• Ability to work with others in a collaborative team environment
• Strong knowledge of insurance contract law and state legislative requirements
• General awareness of current affairs, industry issues and trends, both corporate and external

Required:

• College degree required, equivalent work experience in life Underwriting may be considered
• FLMI, FALU and ACS designations or current coursework toward earning certificates
• 7-10 years of Life Insurance Underwriting Experience

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

#hp