Life Insurance Senior Underwriter - Research and Development

Fidelity Investments•MA Work From Home, MA

5d•$89,000 - $180,000•Onsite

About The Position

Fidelity Investments Life Insurance is seeking a dynamic and results-oriented Life Insurance Senior Underwriter to join the research and development portion of their fast-growing underwriting team. This role is for an experienced life insurance underwriter with a strong understanding of risk assessment and a commitment to customer service. The position offers an opportunity to apply underwriting knowledge in new ways and contribute to the refinement and development of underwriting guidelines and automated rules. The role involves market studies, serving as a subject matter expert on cross-functional projects, partnering with actuarial and data analytics teams, and providing guidance to legal, risk, and compliance teams. Additionally, the role includes participating in audits, reviewing cases for adherence to expectations, conducting post-issue studies, and analyzing findings to identify and mitigate consistency gaps. A key aspect of this role is mentoring and coaching junior underwriters, including providing opportunities for them to explore areas outside of line underwriting.

Requirements

Bachelor’s degree in an applicable field.
5+ years of progressive growth in life insurance underwriting.
Robust skill set in risk assessment.
Commitment to cultivating deep expertise in case evaluation with an underwriting authority limit of $3,000,000 or higher.
Experience expanding to roles outside of line underwriting.

Nice To Haves

Experience with third party evidence providers.
Experience with automated underwriting.
Industry designations.

Responsibilities

Aid in updating underwriting guidelines and automated rules.
Identify key areas for refinement and prioritize updates based on overall impact.
Research, draft, and assist in the rollout of new underwriting guidelines.
Conduct market studies to provide insight on industry norms.
Serve as a subject matter expert on cross-functional projects.
Partner with the actuarial and data analytics team to evaluate business results data.
Provide underwriting guidance to legal, risk, and compliance teams as needed.
Participate in audits.
Review audit cases to ensure adherence to underwriting expectations.
Conduct post-issue studies of automated cases to confirm adherence to mortality expectations.
Perform analysis of auditing findings to identify consistency gaps or areas of unintentional slippage and suggest ways to mitigate such findings.
Assist with mentoring junior underwriters.
Share in a collaborative team spirit where everyone pitches in to provide support and training to more junior underwriters.
Aid in coaching of junior underwriters including in providing opportunities to explore areas outside of line underwriting.