Senior Underwriter or Underwriting Consultant - 1163

Security Mutual Life Insurance•Binghamton, NY

7d•$77,000 - $122,000•Remote

About The Position

Security Mutual Life is hiring a Senior Underwriter or Underwriting Consultant to evaluate individual life insurance applications and support the underwriting team. The Senior Underwriter reviews applications within assigned authority and company guidelines, handles complex cases, supports departmental training, and answers complex questions from Underwriting staff. The Underwriting Consultant evaluates traditional and informal cases, including those with complex medical or financial histories, builds relationships with the field force and brokerage agencies, and supports processing, mentoring, co-signs, and additional projects. The role may be performed primarily remotely, with periodic time required at the assigned company office in Binghamton, New York, or Houston, Texas. The Senior Underwriter pay range is $77,000 to $103,000 annually; the Underwriting Consultant pay range is $88,000 to $122,000 annually. Starting pay depends on factors including location, education, experience, and skills. Visa sponsorship and relocation assistance are not available.

Requirements

Senior Underwriter: minimum of 6 years of related experience.
Underwriting leadership and training experience.
Advanced knowledge of impaired risk, older-age underwriting, and comorbidities.
Excellent verbal and written communication skills with internal and external stakeholders at different levels.
Ability to handle sensitive and difficult customer-service situations.
Intermediate proficiency with Microsoft Word and Excel.
Fellow Life Management Institute (FLMI) designation.
Fellow, Academy of Life Underwriting (FALU) designation.
Ability to work both independently and as part of a team.
Ability to meet timelines and schedules without sacrificing quality.
Attention to detail and ability to perform work reliably, accurately, and thoroughly.
Ability to work outside normal business hours to meet project deadlines.
Ability to adapt to change and work under pressure.
Underwriting Consultant: minimum of 7 years of related experience.
Underwriting Consultant: ability to travel up to 9% of the time.
Bachelor’s degree in a related field of study.

Nice To Haves

Knowledge of company and industry products and procedures.
Chartered Life Underwriter (CLU) designation.
Participation in a local, regional, or national underwriting association, such as serving as a board member, program committee member, or past president.
Bachelor’s degree in a medical or financial field is strongly preferred.

Responsibilities

Review individual and joint life insurance applications.
Review non-routine cases and cases exceeding approval authority with the Chief Underwriter or department management.
Communicate with sales personnel, regional vice presidents, and reinsurers in support of mortality, profitability, and sales objectives.
Apply advanced knowledge of impaired risk, comorbidities, expected mortality, and brokerage distribution channels to resolve complex underwriting questions and cases.
Review the financial appropriateness of sales.
Review and interpret third-party data, including Medical Information Bureau codes, motor vehicle records, pharmacy and medical claims reports, laboratory database reports, inspection and financial reports, avocation and aviation risks, and foreign travel and national activity information.
Review examinations, laboratory work, inspection reports, medical tests, and attending physician statements using published reinsurance underwriting guidelines.
Assign Medical Information Bureau codes as indicated.
Develop and deliver underwriting presentations for senior management, claims examiners, field and home-office staff, brokerage distributors, and other parties; answer questions and provide support and resources.
Review the Underwriter case queue weekly and report to department management.
Manage case inventory within department time standards.
Develop and maintain professional relationships and manage negotiations with reinsurers and brokerage agencies.
Contact reinsurers regarding questions on potential cases and help resolve them.
Underwrite cases efficiently, objectively, consistently, and soundly in alignment with company philosophies, profitability, mortality expectations, and marketplace needs.
Handle complex processing issues, provide processing support, and assist with training.
Assist with special projects as assigned by management.
Demonstrate mastery of the company product portfolio, implementation and enrollment processes, and marketplace influences.
Conduct risk assessments that meet business guidelines, target profit, and metrics.
Participate in developing and delivering underwriting and product training materials.
Participate in and review internal audits and identify opportunities to address underwriting quality gaps.
Serve as a technical resource for Underwriters and provide developmental feedback on case-level decisions through mentoring.
Analyze competitive market intelligence and provide guidance on business-unit performance, financial results, profitability, competition, and market trends.
Support internal and external customers and communicate with field associates, internal staff, and vendors in support of company objectives.
Monitor case queues of supervised Underwriter Trainees.