Life Underwriting Auditor

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

📋 Description

• Execute post-issue audits and oversee new underwriting initiatives to ensure technical precision, adherence to guidelines, and the quality of underwriting decisions.

• Assess underwriting decisions for medical, financial, and operational validity in line with company guidelines, risk appetite, and mortality assumptions.

• Detect significant errors, trends, and patterns in audit outcomes.

• Create structured reports along with recommendations for management.

• Collaborate with Underwriting Management and Risk Management on Corrective Action Plans and track remediation efforts.

• Assist in enhancing the Underwriting Risk Control Framework, which includes control design, key risk indicators, and governance standards.

• Convert audit findings into focused training, coaching, and guideline clarifications in partnership with Training & Development.

• Evaluate and test new tools, rules engines, and GenAI solutions concerning their influence on underwriting quality and risk.

• Support targeted audits for Underwriting Innovation initiatives.

• Maintain audit documentation for internal audits, governance committees, and regulatory scrutiny.

• Contribute to the ongoing improvement of audit frameworks, metrics, and reporting.

⛳️ Requirements

• A minimum of 5 years of experience in life insurance underwriting, demonstrating proficiency in both medical and financial underwriting.

• Comprehensive understanding of life insurance products, underwriting guidelines, and principles of risk selection.

• Capacity to interpret intricate medical and financial data and evaluate risk accurately.

• Exceptional analytical abilities and meticulous attention to detail.

• Skill in recognizing patterns and root causes within audit findings.

• Strong written and verbal communication capabilities.

• Proficiency in presenting findings clearly and constructively to underwriters and leadership.

• High degree of professionalism, integrity, and discretion when managing sensitive information.

• Experience in auditing, quality assurance, or risk management roles within life underwriting is preferred.

• Familiarity with governance frameworks, risk controls, and regulatory requirements related to underwriting is preferred.

• Comfort with data handling, including proficiency in Excel and BI tools, is preferred.

• Professional designations such as ALU, FALU, FLMI, or equivalent are preferred.

• Technical expertise in medical and financial underwriting.

• Strong critical thinking and problem-solving abilities.

• Objectivity and fairness in evaluations and feedback.

• Experience in collaborating with cross-functional teams.

• Strong organizational skills with the ability to manage multiple audits and deadlines.

• Commitment to continuous improvement, ongoing learning, and knowledge sharing.

🏝️ Benefits

• Competitive compensation.

• Health insurance.

• Dental insurance.

• Mental health benefits.

• Vision insurance.

• Short-term disability insurance.

• Long-term disability insurance.

• Life and AD&D insurance coverage.

• Adoption/surrogacy benefits.

• Wellness benefits.

• Employee/family assistance programs.

• Retirement savings plans.

• Pension/401(k) savings plans.

• Global share ownership plan with employer matching contributions.

• Financial education and counseling resources.

• Up to 11 paid holidays per year.

• 3 personal days per year.

• 150 hours of vacation per year.

• 40 hours of sick leave per year, or more as mandated by law.

• Statutory leaves of absence.

• Flexible and inclusive work environment.

• Opportunities for professional development, learning, and career advancement.

• Incentive programs and compensation tied to business and individual performance.