Lead Underwriting Consultant

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.
• Evaluates 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.
• Maintains profitable mortality experience.
• Analyzes and interprets medical, non-medical and financial information.
• 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.

Requirements

• Highly developed knowledge of underwriting function.
• 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.
• Thorough understanding of automatic reinsurance agreements.
• Hightly developed knowledge of medical science, technology and terminology and their impact on mortality.
• Thorough knowledge of financial and other non-medical underwriting factors.
• Strong organizational, communication and interpersonal skills.
• Strong analytical skills, ability to define, research and resolve problems.
• Excellent knowledge of mainframe and PC environment.

Qualifications

• College degree required, equivalent work experience in life Underwriting may be considered.
• Required and FLMI, FALU and ACS designations or current coursework toward earning certificates.

Skills

• General awareness of current affairs, industry issues and trends, both corporate and external.
• 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.
• Thorough understanding of automatic reinsurance agreements.
• Thorough knowledge of financial and non-financial underwriting factors.
• 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.

Pay

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

Schedule

Flexible, hybrid work schedule based on individual preference.