Life Underwriting Consultant
- Boston, MA
- $92,800-121,800 per year
- Permanent
- Full-time
- Opportunity to be a part of an extensive virtual team that is helping more consumers protect the ones they love in a digital environment
- Highly competitive pay & benefits on the first day!
- 100% remote, work from home anywhere in the US
- Cohort-based onboarding and training program
- Monday through Friday 40-hour work week; standard business hours, i.e. 8-hour shift anywhere between 8am-8pm EST with OT options available
- Evaluate and handle all underwriting aspects of formal & informal life insurance applications
- Determine whether to accept, modify, or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazard, and financial background
- Deliver the best offer first to drive the sale and not only a decision.
- Provide efficient, quality service to third party firms, their staff and their advisors
- Communicate effectively with customers to explain underwriting decisions and facilitate placement of business
- Understand underwriting policies, guidelines, practices and procedures
- Influence and champion changes to improve processes while maintaining mortality expectations
- Tailor communication style to fit a variety of target audiences, i.e. agency, new business personnel and foster relationships with advisors and third party partners
- Collaborate effectively with stakeholders to gather information necessary for decision making and to select profitable risks
- Provide consultations with third party firms to resolve, rate questions and discrepancies, or risk related concerns. Consider total case financials, relationship and value of customer
- Leverage interpersonal and emotional intelligence skills to develop relationships with key business partners across this competitive landscape, which can be relied on to inform decisions and communicate underwriting decisions
- Able to independently work assigned requests with minimal direction. Comfortable with ambiguity.
- Build trust and foster strong rapport with colleagues, business partners, and third party customers.
- High school diploma or GED
- 3+ years life insurance underwriting experience
- Minimum established life insurance underwriting authority limit of $3 million
- 3+ years of expert knowledge of all aspects of risk selection (medical, non-medical, financial)
- 3+ years of knowledge of key underwriting concepts, best practices, and procedures including identifying exposures to loss, material hazards, and implementation of necessary risk management controls
- 3+ year knowledge of UW administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality and the keen ability to position with brokers and sales partners.
- 5+ years underwriting experience with up to $5M life approval limit (most current 3+ years in life insurance)
- Industry exams completed, i.e. FLMI, FALU, CLU, ChFC
- Term and permanent life insurance underwriting
- Third party distribution, banks or wire house underwriting experiences
- Reinsurance experience
- Demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team environment
- Ability to think critically, problem solve using data to drive toward resolution
- Positive, inclusive, agile, and collaborative mindset
- Strong verbal and written communication skills
- Regular meetings with the Life Underwriting team
- Focused one-on-one meetings with your manager
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits