Senior Life Underwriting Specialist - Complex Cases Expertise

Description

This position offers the flexibility to work in a hybrid setup or fully remote. You will play a crucial role in evaluating, selecting, and classifying life insurance applications, especially for those of a complex nature. Your expertise will help shape our underwriting policies and practices, ensuring the maintenance of high standards in mortality and morbidity experience. Additionally, you will serve as a valuable resource for less experienced underwriters and engage in cross-functional projects.

Key Responsibilities

• Independently evaluate and underwrite complex life insurance applications within your authorized limit, ensuring confidentiality throughout the process.
• Stay informed on underwriting materials, medical factors, and practices that influence mortality and morbidity to deliver exceptional service to both internal and external clients.
• Assess applications requiring additional evidence of insurability, authorizing necessary requirements such as medical exams, blood profiles, and client interviews.
• Utilize your understanding of accelerated underwriting processes and apply risk-based decision-making skills to determine appropriate risk classes.
• Collaborate with fellow underwriters, offering innovative solutions and providing guidance on complex cases.
• Analyze and quantify data from personal or business financial information, confirming insurable interest and adherence to indemnification principles.
• Coordinate reinsurance processes within contractual terms and conditions.
• Partner with field representatives to understand their needs and expectations while providing support and feedback as necessary.
• Authorize temporary insurance eligibility and manage policy refunds when needed.
• Provide input on underwriting-related projects and support team goals and objectives.
• Handle underwriting limits up to \(5,000,000 for life and up to \)750,000 for morbidity.
  
  

Qualifications

• Education: A background in medical-related disciplines, marketing, insurance, risk management, economics, finance, or business management is preferred.
• Licenses/Certifications: LOMA Level 1 Certificate (LOMA 280, LOMA 290) is preferred. Progress towards or completion of professional designations such as ALMI is a plus.
• Experience: Minimum of five years in life underwriting.
• Skills & Knowledge: Strong foundation in financial underwriting and in-depth knowledge of anatomy, physiology, and non-medical risks. Familiarity with independent distribution systems and reinsurance is beneficial.
• Communication & Collaboration: Excellent verbal and written communication skills, establishing relationships with various stakeholders.
  
  

Additional Information

• Working Conditions: This role provides flexibility with options to work from home or in an office. Some non-standard hours and travel may be required.
• Compensation: Salary range for this position is \(75,000 to \)155,500, with an expected starting range of \(83,500 to \)125,500, depending on experience and location.
  
  

Why Join Us?

We Offer a Comprehensive Benefits Package Including

• Medical, dental, and vision coverage
• Life insurance
• Short and long-term disability coverage
• Generous paid time off and holiday schedule
• 401(k) with company match and a company-paid pension plan
• Business casual attire and more
  
  

We are an equal opportunity employer, committed to fostering an inclusive and diverse work environment where everyone feels valued and respected.

If you are ready to make a significant impact and help us provide exceptional care to our clients, apply today! We are accepting applications until 09/29/2024, but encourage early submissions as the position may close sooner if we find the right candidate.

Employment Type: Full-Time