Senior Underwriting Consultant

Responsibilities

• Selects and classifies risks according to company philosophy and standards.
• Helps to maintain profitable mortality experience.
• Analyzes and interprets medical, non-medical and financial information.
• Makes decisions within approval limits up to $10,000,000, ages up to age 79, substandard approval limit up to 500%; limits established based on experience.
• Determines appropriate requirements.
• Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.
• Manages retention.
• Reviews and provides co-signatures on referrals from other underwriters.
• Participates in projects.
• Aids in developing initiatives for revision and updating of underwriting practices.
• Identifies and assists in providing solutions to work related problems and issues.
• Acts as an information resource and assists with training and development of less experienced underwriters.
• Maintains positive and effective relationships with internal and external partners.
• Complies with all company and site policies and procedures.
• Remains current in profession and industry trends.
• Succeeds in completing regulatory and job training requirements.
• Performs other duties as assigned.

Requirements

• Highly developed knowledge of underwriting function.
• 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 organizational, communication and interpersonal skills.
• Thorough understanding of automatic reinsurance agreements.
• 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.
• Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
• Thorough knowledge of product pricing.
• Strong analytical kills, 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.

Qualifications

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

Skills

• Highly developed knowledge of underwriting function.
• 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 organizational, communication and interpersonal skills.
• Thorough understanding of automatic reinsurance agreements.
• 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.
• Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
• Thorough knowledge of product pricing.
• Strong analytical kills, 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: $120,000-$130,000

Schedule

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.

Benefits

To learn more, including current financial strength ratings, visit www.pennmutual.com.

Company Information

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management.