Senior Life Underwriting Consultant

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

📋 Description

• Assess life insurance applications within the assigned authority by evaluating medical, financial, and lifestyle risk factors.

• Determine the acceptability of applications and their appropriate classification.

• Detect potential fraud and ensure adherence to underwriting guidelines.

• Make prompt and precise decisions while balancing risk selection, competitiveness, and customer experience.

• Recommend decisions and provide justification for cases that exceed authority limits or are of higher complexity.

• Order necessary and suitable requirements to efficiently assess risk.

• Manage workload to meet or surpass productivity and quality expectations.

• Approve applications up to established authority limits, including amounts over $3M for all ages and ratings.

• Collaborate with reinsurers on rated cases and extensive case reviews.

• Develop and sustain relationships with brokers, advisors, and internal partners.

• Clearly, professionally, and empathetically communicate underwriting decisions.

• Identify opportunities to enhance underwriting processes and improve customer experience.

• Contribute to departmental initiatives and special projects.

• Provide insights and solutions to management regarding team dynamics, workflow, and operational challenges.

⛳️ Requirements

• Bachelor's degree or equivalent experience.

• At least 7 years of experience in life underwriting.

• Proven expertise in substandard underwriting.

• Proven expertise in large case underwriting.

• Knowledge of underwriting related to medical and financial risk assessment.

• Strong decision-making abilities with the capacity to act independently in real time.

• Demonstrated capability to analyze complex cases and utilize sound judgment.

• Effective communication skills, both written and verbal.

• Ability to document rationale clearly and consistently.

• Proficiency in financial underwriting, including business cases.

• Understanding of reinsurance principles and when to engage partners.

• Results-driven with a focus on quality and productivity.

• Agile mindset, emphasizing continuous improvement and innovation.

• Trusted advisor to field and internal partners.

• Strong collaborator who drives business outcomes and team development.

• Consistently delivers high-quality decisions while fostering a positive customer and advisor experience.

• Preferred industry designations include FLMI, FALU, and CLU.

🏝️ Benefits

• Flexible paid time off (PTO), with additional PTO accrued based on tenure.

• Leave for parental, caregiver, bereavement, and military purposes.

• Nine paid holidays provided by the company.

• A company-funded pension plan.

• A 401(k) retirement plan with company contributions tied to performance, up to 10% of eligible earnings, with a target of 5%.

• Medical, dental, and vision coverage starting from the first day of employment for associates and eligible family members.

• Volunteer paid time off.

• Company-sponsored volunteer events.

• A dollar-for-dollar matching gift program.

• Associate Resource Groups.

• Benefits for professional growth, well-being, and work-life balance.