Advanced Underwriter

Job Summary

This position has a fully remote work schedule. WoodmenLife is looking to hire an Advanced Underwriter to join our team! In this role, you will evaluate applications for life insurance to determine insurability by investigating the applicant’s financial, medical and non-medical background. You will be responsible for the final action of acceptance, modification or declination due to risk within assigned approval limits.

Responsibilities

• Responsible for the accurate evaluation and processing of life insurance applications up to $1,500,000 from preliminary review to final risk assessment.
• Underwrites new and inforce individual life insurance applications, simplified and Family Term Life applications within guidelines set for the issuance of policies as assigned; determining whether to accept, modify, or decline a risk within assigned approval limits.
• Analyzes the impact of decisions on inforce certificates, and takes appropriate action, making any changes to existing business as required.
• Balances all decisions based on the risk/expense to WoodmenLife and the desire to issue business.
• Communicates with the Sales Force, Medical Facilities, Vendors, Insurance Companies, Reinsurers, Applicants/Members, Underwriting Management, or Medical Director to gather information on which to base decisions, and to discuss underwriting actions.
• Identifies potential fraud/misrepresentations. Advises appropriate individual/areas on these cases for further action.
• Reviews and takes action on reinstatements and changes on existing policies as workload requires.
• Reviews and takes action on complaints related to underwriting decisions and develops verbal and written responses.
• Ensures that all work is completed within the department’s time service standards.
• Processes second stamp review of assigned cases within approval limits.
• Assists in the development and delivery of training to underwriters as assigned.
• Develops and delivers presentations on pertinent topics as required.
• Continually reviews and analyzes the workflow to provide efficient service and to meet service level goals.
• Makes recommendations for changes that enhance the process and improve customer service.
• Aids in evaluating lower level underwriters based on observations of cases reviewed, questions asked, and the underwriter’s general abilities.

Requirements

• High School diploma or equivalent education/experience.
• College degree in a related field preferred.
• Three to five years previous experience working in a medical field or as an underwriter in the insurance industry.
• Knowledge and demonstrated experience using medical terminology, medical disorders, and their significance to life insurance is desired.
• Excellent interpersonal skills demonstrated through critical thinking, conflict resolution, ability to problem solve and make sound decisions.
• Ability to be self-motivated, work with high level of concentration, display a high attention to detail and reading comprehension.
• Ability to organize and prioritize work in order to effectively meet deadlines in a high stress environment.
• Ability to work across multiple operation systems.
• Strong written and verbal communication skills with the ability to explain reasoning effectively.
• Strong negotiation and presentation skills desired.
• Ability to maintain confidentiality, sensitivity and professionalism in difficult situations.
• Ability to work effectively in a team environment and be seen by others as a leader.
• Must possess the ability to provide co-workers with effective and constructive performance feedback.
• Completion of LOMA 280, 290, 311, ALU 101 (ALU Certificate); and EKG class preferred.

Qualifications

The ability to provide seamless, trustworthy, attentive and resourceful (S.T.A.R.) customer service. Engages well with others and are passionate about providing an exemplary customer experience.

Benefits

As part of WoodmenLife’s employment process, candidates will be required to complete a criminal background check, credit check (when required for position), fingerprint check (when required for position), drug screen and reference checks. Any offer of employment will be contingent upon successfully passing the above. WoodmenLife is welcoming to all regardless of background and beliefs. WoodmenLife respects every associate’s unique perspective and contribution. We are committed to creating an environment that values differences, and creates opportunities for growth, leadership and service. This commitment includes providing equal opportunity in recruitment, employment and promotion, training and community outreach. WoodmenLife is also dedicated to strengthening the communities in which its employees live.

Pay

Commensurate with experience.

Schedule

Full-time, remote work schedule.