Insurance Application Analyst

iA Financial Group (Industrial Alliance)•Waco, TX

2d•Hybrid

About The Position

Are you driven by helping clients feel confident and secure about their future and eager to contribute to a company that values integrity, service, and innovation? As an Insurance Application Analyst, you will play a key role in reviewing life insurance applications for accuracy and completeness, supporting the underwriting process, and rendering underwriting decisions within established guidelines. This position is a great opportunity to showcase your analytical and decision-making skills while contributing to a caring and trustworthy company. Here, people and their development are at the heart of our priorities, fostering an environment that encourages collaboration and innovation.

Requirements

Strong attention to detail and commitment to accuracy.
Analytical thinking and sound judgment.
Strong written and verbal communication skills.
Organizational, time management, and problem-solving abilities.
Experience in life insurance, underwriting, financial services, or a related industry.
Solid understanding of life insurance products, applications, underwriting requirements, and insurance concepts from either an industry or consumer perspective.
Working knowledge of MIB codes, medications, and factors relevant to life insurance underwriting.
Proficient with Microsoft Word, Outlook, and Excel and can quickly learn internal operating systems.
Positive, collaborative, and learning-oriented attitude.
Ability to work independently while contributing effectively within a team environment.
Comfortable working under pressure and adapting to changing business needs.
Minimum typing speed of 35 words per minute with 90% accuracy.
Willing to work overtime as business needs require.
Applicants must be authorized to work for any employer in the U.S. We are unable to support or take over sponsorship of employment visas at this time, including H-1B visas and participation in STEM OPT work authorizations.

Responsibilities

Serve as a quality checkpoint by reviewing new business applications to ensure accurate and complete data entry.
Review final expense and simplified issue applications and render underwriting decisions, including approvals, declinations, and plan changes within established guidelines.
Conduct research to determine applicant eligibility and coverage, including reviewing MVR reports, criminal records, and other relevant sources.
Review underwriting requirements, prepare correspondence to agents, and communicate additional information needed to continue the underwriting process.
Maintain accurate and detailed case notes within company systems to document decisions, actions taken, and outstanding requirements.
Monitor and identify concerns related to agent business practices.
Exercise underwriting authority within approved limits of up to $300,000.
Conduct company business in accordance with all applicable laws, regulations, contractual obligations, and Compliance Program requirements.