Senior Underwriter

Pan-American Life Insurance Group (PALIG) is seeking a Senior Underwriter who will be responsible for the review, evaluation, and classifying of risk for life insurance applications in accordance with established underwriting guidelines up to their given authority approval.

Additionally, the Senior Underwriter will:

• be responsible for the review of complex cases, higher face amounts, and require regular collaboration with other members of the underwriting team, the Medical Director, the reinsurance department, and sales partners
• have to process applications and underwriting requirements in a timely, efficient, and cost-conscious manner
• work closely with and have to effectively communicate underwriting decisions to our internal and external sales partners

ESSENTIAL FUNCTIONS:

Underwrite Applications for Life Insurance

• Review life insurance applications and supporting documents, including medical histories, lifestyle information, financial status, and occupational risks
• Provide consistent, timely, and competitive decisions consistent with the company's underwriting philosophy and guidelines
• Appraise and underwrite complex risks for life insurance and ensure underwriting decisions are sound, competitive, and profitable
• Maintain detailed records of underwriting decisions and rationale in underwriting systems and ensure compliance with industry and regulatory standards
• Show initiative in daily tasks and in assisting the underwriting team and need little to no direction to be productive
• Underwrite a fluctuating level of applications in a timely manner

Maintain Relationships

• Establish and maintain a positive collaborative relationship with sales partners, vendors, and other departments through sensitive, flexible, and responsive handling of questions and concerns relating to underwriting
• Effectively communicate difficult decisions with agents while maintaining their trust and confidence

Coordinate with Other Company Departments

• Contribute to successful company operations by effectively coordinating with other departments, such as underwriting, new business, claims, and sales
• Continually look for ways to improve upon processes and be willing to lead and execute a department, functional project  
• Assist and promote maintenance of department expense control

Maintain Current Knowledge of Underwriting Principles

• Demonstrate commitment to career development by actively participating in training opportunities and independent industry programs to ensure industry knowledge is current and maintained
• Keep appraised of new developments in the field of life underwriting and product development
• Follow all department policies, procedures, and processes to maintain or improve quality standards, and assist with quality monitoring and audits as needed

KEY REQUIREMENTS:

• Bachelor’s degree, plus 5 years of experience in individual life underwriting (4 additional years of work experience may be substituted in lieu of degree) 
• Prior experience with a $1,000,000 approval authority
• Experience with and working knowledge of underwriting computer systems
• ALMI and/or AALU designation(s) or similar industry coursework
• 10 years of experience in individual life underwriting preferred
• Prior experience with a $2,000,000 approval authority and EKG approval authority preferred
• FLMI and/or FALU designation(s) preferred

KNOWLEDGE, SKILLS & ABILITIES (KSA's):

• Familiarity with Microsoft Office products and an imaged work environment
• Knowledge of life insurance, risk selection and medical terminology, diseases and conditions
• Knowledge of sound claim principles
• Demonstrate leadership qualities
• Demonstrate positive work ethic and drive for results
• Proven record of strong customer service and teamwork
• Strong negotiation and consultative skills
• Ability to think critically, analyze highly complex data, and have strong creative thinking and problem-solving skills
• Ability and willingness to work independently and collaboratively as required
• Ability to grasp new information and concepts quickly
• Ability to stand firm and remain diplomatic when communicating unwanted messages to agents
• Ability to travel, if required, to perform the essential job functions
• Ability to work core hours as established by the company, to adjust work schedule, and to work overtime, as needed, to meet business demands

Pan-American Life Insurance Group Offers:

• Comprehensive Compensation Packages (base & bonus), which for this role can range from $67,200 to $95,900, depending on experience
• Comprehensive Benefits Package: Medical, Dental, 401K, Paid Time Off, and Tuition Reimbursement, etc. are some examples. New hires are eligible for medical and dental coverage on the first of the month following 30 days of service.  

Who We Are:

Pan-American Life Insurance Group (PALIG) serves the life, accident, and health insurance needs of individuals and businesses in 49 U.S. states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands through its U.S. based member companies - Pan-American Life Insurance Company and Pan-American Assurance Company.

At Pan-American Life, our employees are our greatest asset. We are grateful for the collaborative efforts of our employees and partners, and for the confidence of the policyholders whose life and health we protect. It is through this long-standing commitment that Pan-American Life continues to succeed.

Pan-American Life is an Equal Opportunity Employer/Drug Free Workplace.