Underwriting Consultant Principal - Innovations | Remote

Allianz Insurance • Minneapolis, MN

1d • $100,000 - $150,500 • Remote

About The Position

As Underwriting Consultant Principal – Innovations, you’ll play a key role in Allianz Life’s growth and long-term success by researching, evaluating, testing, and implementing new tools and programs to advance the underwriting process, improving the applicant experience, and increasing producer loyalty. In this role, you will work closely with the Underwriting leadership, Actuarial, Reinsurance, Forensic Underwriting, and the Innovations Team to bring automation and streamlined processing into the underwriting workflow. Working with the vendor manager and others, you will build strong relationships with key vendor relationships, as well as identify new opportunities. You will be a key contributor the multi-year roadmap for continuous improvement in the Policy Acquisition Ecosystem. If you’re experienced in all underwriting processes and philosophies, you’re a great fit for this role. Technical capabilities aside, if you’re a mission-driven self-starter who’s comfortable with ambiguity, and who thrives in a fast-paced, collaborative culture, you’re a perfect fit for Allianz Life. You will report to the Underwriting Director. Serve as a critical part to the placement of Life Insurance coverage and can directly impact our position in the marketplace and relationship with distribution partners. Focus on mortality by evaluating risk of death, which includes history, degree of medical maintenance, treatment, and flags of potential future risk. Performs the research and analysis to prepare recommendations for modifications in current tool usage, as well is implementing new tools. Leads pilots, when appropriate to test new tools and processes. Meets regularly with key stakeholders, reinsurers, and vendors to keep abreast of new technology, data sources, and processes that can improve the underwriting process. Works closely with the Life Ops Enablement Team to identify key areas for automation, including development, implementation, and expansion of the instant decision process. Partners with Forensic Underwriter to identify gaps and trends in the fluidless programs, with a goal of increasing the fluid-less rate, without negatively impacting pricing assumptions. Will present findings, recommendations, and roadmap plans to all levels of leadership. Build out future state of the innovation platform. Requires in-depth knowledge and experience with accelerated/fluidless programs, the use of underwriting digital health data sources, and underwriting rules output. Uses best practices and knowledge of internal or external business issues to improve process, programs or services. Prepares and presents at the executive level program results and recommendations. Utilization of artificial intelligence tools and resources (e.g. generative AI).

Requirements

• 7+ years of underwriting experience with proven proficiency in all underwriting processes and philosophies.
• Strong cardiac background and older age underwriting.
• Ability to handle advanced decision level authorities without a co-signature.
• Completion of LOMA 280/281 and 290/291.
• Actively working toward AALU and FLMI.
• Strong PC and typing skills including general Microsoft skills required to data enter and process information.
• Extremely comfortable with web-based underwriting analysis tools and imaging systems.
• Effective written and verbal communication skills with ability to build rapport and gain acceptance at all levels internally and externally while exercising diplomacy and resourcefulness.
• Critical thinking skills and attention to detail with ability to quickly identify information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
• Ability to interpret meaning of information for others; translating or explaining what information means and how it can be used.
• Ability to develop specific goals, plan, and prioritize work.
• Must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future.

Nice To Haves

• Professional Designations: AALU/FALU and FLMI preferred.

Responsibilities

• Researching, evaluating, testing, and implementing new tools and programs to advance the underwriting process.
• Improving the applicant experience and increasing producer loyalty.
• Bringing automation and streamlined processing into the underwriting workflow.
• Building strong relationships with key vendor relationships and identifying new opportunities.
• Contributing to the multi-year roadmap for continuous improvement in the Policy Acquisition Ecosystem.
• Placing Life Insurance coverage and impacting market position and relationships with distribution partners.
• Evaluating risk of death, including history, degree of medical maintenance, treatment, and flags of potential future risk.
• Performing research and analysis to prepare recommendations for modifications in current tool usage and implementing new tools.
• Leading pilots to test new tools and processes.
• Meeting regularly with key stakeholders, reinsurers, and vendors to stay updated on new technology, data sources, and processes.
• Identifying key areas for automation, including development, implementation, and expansion of the instant decision process.
• Identifying gaps and trends in fluidless programs to increase the fluidless rate without negatively impacting pricing assumptions.
• Presenting findings, recommendations, and roadmap plans to all levels of leadership.
• Building out the future state of the innovation platform.

Benefits

• Choice of comprehensive medical, dental and vision plan options
• Flexible spending and health savings accounts
• Tuition reimbursement
• Student loan retirement program
• Generous annual paid leave
• Outstanding 401(k) company match
• Life insurance
• Award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias.
• Employee Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: No Education Listed