Underwriting Consultant, Remote

Thrivent•Minneapolis, MN

8d•$89,895 - $121,621•Remote

About The Position

Underwrites highly complex individual insurance applications for one or more products by evaluating the insurability of applicants within established guidelines. Complex case work includes large case, business, charitable gifting, estate planning and other types of advanced sales scenarios, as well as processing contract changes. Reviews risk factors, which include medical and nonmedical history, financial requirements, and occupational classes (where relevant) as well as a variety of legal documents supporting the insurance applications. Makes final underwriting decision for all ages and classes within specified dollar limits and according to suitability guidelines and compliance policy. The approval limit for this position is <=$3,000,000-5,000,000 if life, maximum of current issue and participation limits if DI. In addition, this individual reviews Waiver and Disability Claims and Rescissions/Reformations. Contributes to accurate and consistent risk selection as well as fraud detection. Ensures high level of customer satisfaction by partnering with financial associates, team members, medical and legal consultants to determine the best possible outcome for members. Handles complex and sensitive written and verbal communications, often influencing behavior via these communications. Actively trains and mentors less experienced members of the team, using interpersonal skills to increase effectiveness of ensure working relationships, as well as team, performance. Conducts quality audits on underwriters. Involved in creating content for field presentations and attending field meetings, as needed. The dollar limit for this position is <=$5,000,000 if life, maximum of current issue and participation limits if DI. Decisions are generally case specific and can expose Thrivent Financial up to $5 Million of risk per case. These decisions can be made without others input, up to their approval limit. These decisions can set precedents for future underwriting decisions and can expose Thrivent Financial to legal and compliance risks. The combination of these factors adds to the long-term effects of their decision making. Ability to comprehend variety of medical and financial records to extract and combine relevant pieces of information to form judgment. High-level decision-making skills. Well-developed interpersonal skills – written and verbal communication, coaching and negotiation. Comfort working in a fast paced, quickly changing and sometimes ambiguous environment. Public speaking and facilitation skills to provide additional education to the team on a minimum quarterly basis. Models Thrivent’s leadership competencies – courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable. Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.

Requirements

High School Diploma or equivalent required
Minimum of 6 years of individual holistic underwriting experience in the insurance industry
Strong customer and team focus.
Broad perspective understanding of Thrivent Financial and the financial services industry.
Familiarity with reinsurance, contract law and regulations governing underwriting practices.
High-level decision-making skills.
Well-developed interpersonal skills – written and verbal communication, coaching and negotiation.
Comfort working in a fast paced, quickly changing and sometimes ambiguous environment.
Public speaking and facilitation skills to provide additional education to the team on a minimum quarterly basis.

Nice To Haves

Bachelor’s Degree preferred
Progression or Attainment of FLMI and/or FALU designations preferred.

Responsibilities

Underwrites highly complex individual insurance applications for one or more products by evaluating the insurability of applicants within established guidelines.
Makes final underwriting decision for all ages and classes within specified dollar limits and according to suitability guidelines and compliance policy.
Reviews Waiver and Disability Claims and Rescissions/Reformations.
Contributes to accurate and consistent risk selection as well as fraud detection.
Ensures high level of customer satisfaction by partnering with financial associates, team members, medical and legal consultants to determine the best possible outcome for members.
Handles complex and sensitive written and verbal communications, often influencing behavior via these communications.
Actively trains and mentors less experienced members of the team, using interpersonal skills to increase effectiveness of ensure working relationships, as well as team, performance.
Conducts quality audits on underwriters.
Involved in creating content for field presentations and attending field meetings, as needed.
Ability to comprehend variety of medical and financial records to extract and combine relevant pieces of information to form judgment.
Models Thrivent’s leadership competencies – courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable.
Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients.
Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.