Senior Underwriting Consultant

Penn Mutual•Philadelphia, PA

2d•Hybrid

About The Position

Position Overview The Senior Underwriting Consultant underwrites and oversees the selection of risk of complex life applications. Manages underwriting services to contribute to the achievement of financial objectives including profitability, production and persistency of clients; manages all aspects of the underwriting process. We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.

Requirements

Highly developed knowledge of underwriting function
Highly developed knowledge of medical science, technology and terminology and their impact on mortality.
Highly developed knowledge of financial and other non-medical underwriting factors.
Strong organizational, communication and interpersonal skills.
Thorough understanding of automatic reinsurance agreements.
General awareness of current affairs, industry issues and trends, both corporate and external.
Solid knowledge of insurance contract law and state legislative requirements.
Strong knowledge of insurance products (plans, riders, benefits) and illustrations and how they are marketed.
Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
Thorough knowledge of product pricing.
Strong analytical skills, ability to define, research and resolve problems.
Excellent knowledge of mainframe and PC environment.
Ability to create and maintain customer relationships.
Ability to prioritize and work effectively under deadlines balancing published service times with an appropriate customer focus.
Ability to comprehend, retain and apply current technical information to daily work issues.
Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement.
Ability to work with others in a collaborative team environment.
College degree required, equivalent work experience in life Underwriting may be considered
Required and FLMI, ALU and ACS designations or current coursework toward earning certificates
Minimum 6 - 8 years underwriting experience

Responsibilities

Selects and classifies risks according to company philosophy and standards.
Helps to maintain profitable mortality experience.
Analyzes and interprets medical, non-medical and financial information.
Make decisions within approval limits up to $10,000,000, ages up to age 79, substandard approval limit up to 500%; limits established based on experience.
Determines appropriate requirements.
Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.
Manages retention.
Reviews and provides co-signatures on referrals from other underwriters.
Participates in projects.
Assists with developing initiatives for revision and updating of underwriting practices.
Identifies and assists in providing solutions to work related problems and issues.
Acts as an information resource and assists with training and development of less experienced underwriters.
Maintains positive and effective relationships with internal and external partners.
Complies with all company and site policies and procedures.
Remains current in profession and industry trends.
Successfully completes regulatory and job training requirements.
Performs other duties as assigned.