Sr. Life Underwriter
About The Position
As a Senior Life Insurance Underwriter, you will facilitate the sale of life insurance by applying sound, cost-effective underwriting principles. You will assess risk and determine appropriate premium classifications by evaluating applicants’ health, financial background, occupation, travel, and lifestyle. The role evaluates new business, reinstatements, and coverage change requests; identifies underwriting requirements; and analyzes information from sources such as MIB, medical records, financial documents, and motor vehicle reports. You will collaborate with financial advisors, Insurance Planning Specialists, and Internal Sales Consultants; communicate underwriting decisions and guidance about reconsiderations; manage workload and advisor expectations; maintain accurate underwriting-system records; and refer cases to reinsurance or consult the carrier’s Chief Underwriter or Medical Director when needed. You will ensure decisions comply with internal policies, industry standards, and regulations, and prepare approval or decline letters, advisory memos, and confidential medical communications. The role also contributes to developing and refining underwriting policies, procedures, and systems, and requires staying current on industry trends, legislation, and best practices. The position is remote and involves travel of less than 25%.
Requirements
- At least 5 years of life insurance underwriting experience.
- AALU designation required.
- Strong knowledge of medical and financial underwriting principles.
- Proficiency in interpreting underwriting manuals, legislation, and insurance product provisions.
- Exceptional analytical and risk assessment skills.
- Strong written and verbal communication abilities.
- Leadership and mentoring capabilities.
- Ability to manage complex cases and make sound, independent decisions.
- Bachelor’s degree completed in Business Administration, Finance, or Marketing.
- Securities Industry Essentials Exam (SIE) certification from FINRA.
Nice To Haves
- Actively pursuing FALU and/or FLMI.
Responsibilities
- Evaluate new business, reinstatements, and coverage change requests.
- Determine underwriting requirements and order necessary medical exams or assessments.
- Analyze applicant information from MIB, medical records, financial documents, motor vehicle reports, and other sources.
- Collaborate with financial advisors, Insurance Planning Specialists, and Internal Sales Consultants.
- Communicate underwriting decisions and provide guidance on potential reconsiderations.
- Balance workload, advisor expectations, and underwriting team needs.
- Document and update underwriting systems accurately and promptly.
- Refer cases to reinsurance or consult the carrier’s Chief Underwriter or Medical Director as needed.
- Ensure decisions comply with internal policies, industry standards, and regulatory requirements.
- Draft approval and decline letters, advisory memos, and confidential medical communications.
- Participate in developing and refining underwriting policies, procedures, and systems.
- Stay current on industry trends, legislation, and best practices.
Benefits
- Medical, dental, and vision benefits may be available.
- Life insurance.
- Critical illness insurance and accident insurance.
- Disability benefits.
- Retirement savings.
- Paid time off, including vacation, holidays, and sick leave.
- Parental leave.
- Competitive compensation and benefits package.
- Support for continued professional development and certification.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
