Senior Life Underwriting Consultant

  • 38579
  • Life - underwriting
  • |
  • Missouri, United States
  • |
  • Nov 10, 2020
Reinsurance
RESPONSIBILITIES
  • Appraises and underwrites complex risks for life insurance with approval authority up to $4,000,000 and ensures underwriting quotes are sound, competitive and profitable to the company.
  • Underwrites traditional facultative reinsurances cases as well as participates in SUP programs underwriting for the direct carriers and provides support for the Facultative Call Desk and ASAP.
  • Processes casework load to ensure completion in a timely, efficient manner, meeting or exceeding time service/productivity goals and offer/decline ratios; and ensuring compliance with internal underwriting and audit guidelines.
  • Provides underwriting solutions to clients by partnering with them to identify unique, creative ways to solve their problems and improve their business results.
  • Builds and maintains strong working relationships with clients by gaining knowledge of clients’ business and uses effective listening skills to understand their needs.
  • Effectively communicates, sells and negotiates the company’s underwriting decisions.
  • Keeps abreast of new client company or industry products, current developments and changes in medical and financial underwriting and maintains/updates professional development through study of literature and participation in seminars.
  • Identifies image system issues, sometimes on a remote basis, and reports inconsistencies or problems.
  • Collaborates with Medical Directors, other team members, internal departments and other company’s offices to obtain expert knowledge, to assist in identifying solutions and resolutions to problems/issues resulting in quality results and client satisfaction.
  • Participates in special projects, committees, and meetings and assists in client presentations, as required.
  • Assists in department training, updating internal underwriting guidelines/procedures, gathering client profiles, audit reviews, and in other department areas as needed.
  • Maintains regular and predictable attendance.
  • Performs backup support and other duties as assigned.
QUALIFICATIONS
  • Bachelor’s Degree or equivalent related work experience.
  • 4-6 year’s reinsurance Life underwriting experience or 7-8 years direct Life underwriting experience.
  • Basic Word skills, intermediate SQL/Query and Excel skills.
  • Competent ability to comprehend and interpret insurance and contract documents.
  • Advanced oral and written communication skills demonstrating ability to share and impart knowledge.
  • Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions.
  • Advanced investigative, analytical and problem solving skills.
  • Advanced ability to set goals and handle multiple tasks, clients, and projects simultaneously.
  • Ability to appropriately balance priorities, deadlines, and deliverables.
  • Ability to work well within a team environment and participate in department/team projects.
  • Ability to balance detail with departmental goals/objectives.
  • Advanced ability to translate business needs and problems into viable/accepted solutions.
  • Advanced skills in customer relationship management and change management.
  • Ability to manage multiple projects or teams and set applicable goals.
  • Advanced negotiating and persuasion skills.
  • Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
  • General business knowledge.
  • Advanced knowledge of insurance principles, underwriting policies and procedures and guidelines for dealing with risk analysis.
  • Advanced knowledge of medicine, law, accounting and finance as applied to the evaluation of life reinsurance risks and of life insurance risks.
  • Ability to comprehend, analyze and apply vast amounts of medical and financial information quickly to making sound financial underwriting and risk assessments.
  • Preferred:
  • BS/BA Science or Business.
  • ACS, ALU, FLMI, FALU, or CLU accreditation or progress towards accreditation.
  • 8+ years reinsurance or impaired risk underwriting experience.