Senior Underwriting Consultant

Reinsurance Group of America, Incorporated•Minneapolis, MN

About The Position

This individual underwrites Group Life, Accident and Disability reinsurance lines, with required underwriting responsibility across both Life and Disability and a strong emphasis on Disability, supports marketing efforts and delivers value-added services. Underwriting responsibilities will entail assisting business development efforts and thorough risk evaluation of facultative referral cases for the benefit of both the client and RGA. This individual’s consultative expertise will also be leveraged for value-added service innovation and implementation. Accountability is measured by profitability to RGA Re, completion within required time frames and client satisfaction.

Requirements

Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent related work experience required
4+ Years of Group Life, Accident or Disability reinsurance underwriting experience required or 6+ Years direct Group Life, Accident or Disability underwriting experience required
Basic Word skills and Excel skills. required
Competent ability to comprehend and interpret insurance and contract documents. required
Advanced value judgment abilities. required
Advanced knowledge of insurance principles, underwriting policies and procedures and guidelines for dealing with risk analysis. required
Advanced knowledge of law, accounting, and finance as applied to the evaluation of life reinsurance risks and of life insurance risks. required
Ability to comprehend, analyze and apply vast amounts of medical and financial information quickly to making sound financial underwriting and risk assessments. required
Advance oral and written communication skills demonstrating ability to share and impart knowledge.
Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines. required
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions. required
Advanced level of investigative, analytical and problem solving skills.
Advanced ability to set goals and handle multiple tasks, clients, and projects simultaneously.
Ability to balance detail with departmental goals/objectives.
Advanced ability to translate business needs and problems into viable/accepted solutions.
Advanced level of skills in customer relationship management and change management.
Ability to manage multiple projects or teams and set applicable goals.
Advanced negotiating and persuasion skills.
Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
General business knowledge.

Nice To Haves

Marketing experience preferred

Responsibilities

Independently evaluates risk and underwrites for Group Life, Accident and Disability reinsurance products.
Analyzes data, evaluates characteristics of reinsurance arrangements, applies relevant experience, and considers use of manual or alternative rates to the treaty.
Ensures that RGA can administer the client’s proposed reinsurance.
Develops and maintains relationships with clients and provides service.
Handles varied facets of larger more complex national accounts (generally defined as groups exceeding 1,000 lives), maintains relationships, handles facultative needs, service deliveries, reporting to and from clients, treaty maintenance, oversees correct premium and claims in tandem with account management staff.
Contributes to Group Re profitability by analyzing/assessing assigned client profitability through experience and expense analysis and attention to assigned account performance.
Conducts underwriting value added services for assigned and other accounts.
Takes on more industry presence at meetings (ex. GUAA), assists on publishing and presenting topics, and as assigned leads services.