Insurance Consultant

This is a fully remote position, open to applicants in Connecticut.

📋 Description

• Underwrite applications for Corporate-Owned Life Insurance (COLI), encompassing both corporate and institutionally sponsored initiatives.

• Assess Guaranteed Issue (GI) and Simplified Issue (SI) COLI cases in accordance with approved program designs, eligibility criteria, and carrier regulations.

• Evaluate intricate financial and corporate risks associated with executives, key personnel, and eligible participant groups.

• Examine corporate financial statements, program frameworks, and plan designs to ensure adherence to underwriting standards, regulatory mandates, and risk tolerance levels.

• Utilize knowledge of Qualified Purchaser and Accredited Investor definitions to inform program eligibility, structure, and regulatory compliance.

• Make determinations regarding face amounts and policy terms based on sound underwriting judgment.

• Review and authorize pre-issue and post-issue underwriting transactions, including modifications to policies and adjustments to face amounts.

• Partner with Sales, New Business, Legal, Compliance, Actuarial, and Operations teams for case design and implementation.

• Identify trends in underwriting, emerging risks, and opportunities for process enhancements.

• Stay updated on COLI regulations, underwriting philosophies, and market practices.

⛳️ Requirements

• A Bachelor's degree or equivalent professional experience.

• Strong verbal and written communication skills.

• Ability to influence management and key stakeholders effectively.

• Analytical mindset with a keen attention to detail.

• Capacity to adapt swiftly in a dynamic work environment.

• Experience with corporate-owned life insurance (COLI) and/or bank-owned life insurance (BOLI) programs is a plus.

• Solid understanding of the institutional life insurance market is advantageous.

• Background in underwriting, operations, product management, client service, implementation, relationship management, or a related field is preferred.

🏝️ Benefits

• Clearly defined career paths and job levels.

• Opportunities for leadership development and virtual training.

• Paid time off and parental leave.

• Competitive 401K plan and employee benefits.

• Complimentary financial counseling, health coaching, and employee assistance programs.

• Tuition assistance program available.

• Flexible work arrangements to suit your needs.

• Effective productivity tools and training provided.

• Eligibility for the Annual Incentive Program.

• Potential for long-term and sales incentives.

• Comprehensive benefits package offered.