Lead Life Underwriter COLI BOLI
About The Position
We are excited to bring on an Underwriting (Sr Consultant) to our Specialty Underwriting Team. This position will not require the employee to come into the office. As an Underwriting Sr Consultant for Lincoln’s Specialty Underwriting Team, you will analyze and deliver on more complex Underwriting assignments & projects. You will cross train and underwrite EB, GI/SI and COLI business. You will also have exposure to underwriting individual life insurance applications within your designated approval limit of up to $20,000,000 (with appropriate second sign) and up to age 85. You will evaluate & assess more complex risks to determine whether to accept an insurance application and determine the appropriate coverage & risk.
Requirements
- 5-7+ years of experience in Underwriting Individual Life Insurance
- Demonstrated Excellence in: Problem Solving / Analysis; Comprehension of Complex Information; Influencing Others; Risk Assessment; Demonstrated decision making using sound judgment; Negotiation Skills; Managing Conflict
- Developed Skills in: analyzing and interpreting complex financial documents including profit/loss statements, income statements, and balance sheets
- Strong Written and Verbal Communication skills
- Intermediate in: Microsoft Office (Outlook, Word, PowerPoint, Excel)
- A demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team environment
- Undergraduate degree or 4+ years of comparable work experience
Nice To Haves
- Industry Exams – ALU 101, 201, 202, & LOMA encouraged
- Developed Skills in: Estate Growth Calculations and Life Expectancy Calculations
Responsibilities
- Cross Training and underwriting EB, GI/SI and COLI
- Underwriting Individual Life Insurance - Making critical risk decisions on whether to accept, modify, or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazard, and financial background.
- Underwriting complex medical and financial cases to include: Premium Finance designs, Foreign Nationals, HIV+ applicants and professional athletes
- Reviewing inforce underwriting functions to include: reinstatements, term conversions, and policy changes
- Enhancing departmental outcomes by sharing knowledge with team members and providing advice on more complex underwriting determinations.
- Evaluating and underwriting life insurance applications to make determinations on the terms, coverage, and rating classification within your designated approval limit
- Identifying and recommending process improvements that significantly reduce workloads or improve quality
- Mentoring & Providing second signature review of life insurance applications
- Providing training to less experienced team members on underwriting procedures and guidelines.
- Representing the company by responding to questions during agency visits and developing relationships with agents and partners.
Benefits
- PTO/parental leave
- Competitive 401K and employee benefits
- Free financial counseling, health coaching and employee assistance program
- Tuition assistance program
- Work arrangements that work for you
- Effective productivity/technology tools and training
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
