Underwriting Consultant

Royal Neighbors of America • Rock Island, IL

2d • Hybrid

About The Position

Under minimal supervision underwrite complex applications with the ability to evaluate and take final action with unlimited face amounts. Sign off on referrals from other level underwriters. Approval authority up to $2,000,000. Responsible for specific product/project as assigned (Audits, Product Development, Underwriting System Administration, Training, and Claims).

Requirements

• Associate degree or equivalent from a two-year college or technical school
• Ten or more years of life insurance underwriting experience
• Fellow, Academy of Life Underwriting (FALU)
• Successful completion of the Life Office Management Association (LOMA) certifications and designations: Customer Essentials Certificate
• Successful completion of the Life Office Management Association (LOMA) certifications and designations: Associate, Customer Service (ACS)
• Successful completion of the Life Office Management Association (LOMA) certifications and designations: Fellow, Life Management Institute (FLMI)
• Ability to communicate clearly and effectively
• Ability to achieve results
• Ability to build partnerships
• Ability to think strategically
• Ability to adapt to and promote change
• In-depth medical knowledge
• Highly developed understanding of financial concepts of insurance needs and estate planning
• Expertise in product development
• Data analysis skills
• Familiarity with actuarial pricing of risk
• Ability to effectively train new team members
• Strong leadership abilities
• Ability to calculate figures and amounts such as discounts, interest, proportions, percentages
• Ability to apply concepts of basic Algebra
• Ability to apply concepts such as fractions and percentages to practical situations
• Knowledge of Internet software
• Knowledge of Microsoft Word
• Knowledge of Outlook
• Knowledge of LifePro
• Knowledge of Illustration Software
• Knowledge of Stellent
• Life insurance product knowledge and experience
• Compliance knowledge
• Regulations knowledge
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
• Ability to write reports, business correspondence, and procedure manuals
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
• Ability to define problems, collect data, establish facts, and draw valid conclusions
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables

Nice To Haves

• Bachelor’s degree is preferred
• Preferred knowledge of writing rules in underwriting engine systems (LifeSuites)

Responsibilities

• Analyze complex information and interpret to reach comprehensive medical and financial assessments based on company guidelines and policy while demonstrating advanced technical underwriting knowledge and skills.
• Effectively manage change, defuse conflict, and negotiate positive results.
• Able to take a cross-functional view of work processes and understand the ramifications to other areas of actions taken and decisions made.
• Handle elevated risk assessment calls from agents.
• Effectively use medical director guidance on complex medical cases.
• Meet department goals and quality metrics.
• Establish strong working relationship with agents/IMOs.
• Provide case clinics and underwriting topics to the department.
• Performs audits on underwriter’s cases (as assigned).
• Review contestable claims; risk assessment expertise for Legal, as needed (as assigned).
• Participate in Society-level product development projects (as assigned).
• Oversee and provide management of business analysis/testing required (as assigned).
• Ability to write rules and/or provide direction to ensure quality risk assessment and compliance with legal and state regulations (as assigned).
• Oversee and provide management of business analysis/testing required (as assigned).
• Participates in Society-level project implementations as underwriting SME (as assigned).
• Other duties as assigned.

Benefits

• Comprehensive package of benefits including paid time off, health and dental insurance, and 401(k) to eligible employees.
• This position is incentive eligible with a target based on company performance, and/or individual results achieved; the specific incentive plan and target amount will be determined on the role.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree