Director - Underwriting

Ameriprise Financial Services, LLC•Minneapolis, MN

1d•$107,000 - $147,100•Hybrid

About The Position

Position is responsible for staffing, training, and supervising the activities of a life and disability income products underwriting unit. Reviews cases referred by other underwriters. Responsible for underwriting larger, more complex applications and determines to accept, decline, or modify a risk. Has potential authority to write policies up to $10,000,000 of life insurance face amount and $10,000 monthly benefit on disability.

Requirements

Bachelors degree or equivalent (4-years)
7-10 years of relevant experience
Superior analytical skills
Communication skills
Previous experience leading teams
Has or is actively working towards at least one professional designation such as FALU, CLU, FLMI, ChFC
Position requires in-depth underwriting technical expertise and knowledge of specific underwriting areas
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Responsibilities

Act as a decision maker (co-sign/second signature) on large insurance applications which exceed an underwriter's approval authority limit and is submitted as a referral for decision, thought, and/or repricing escalations.
Management of projects within the Underwriting department. Project time will vary depending upon project and the knowledge required.
Use data analytics to improve the underwriting process.
Responsible for coaching, development, training, leadership, and performance management/career progression, administrative management (HR, PTO planning, etc.), monthly 1:1s with their direct reports.
Provides technical leadership in the areas of underwriting training, field training, guideline creation/maintenance, quality review (semi-annual Thought Measure assessments), process re-engineering.
Handle appeals and escalated service issues generated by the underwriting process.
Plan, develop, and deliver field training as needed.