2nd VP Medical Director

Munich Reinsurance America, Inc; Atlanta (GA); Remote; USD 328,000 - 380,000; Full time

Benefits offered by this job

Health insurance

Vision and dental insurance

Life and AD&D insurance

Disability insurance

401k with company match

Paid time off

Job summary

Munich Reinsurance America, Inc. seeks a 2nd VP, Medical Director to provide medical consulting, oversee underwriting standards, and educate internal and external clients across Life and Disability products.

The role acts as deputy to the Chief Medical Director and may be performed remotely across the United States. The position combines case underwriting, education for underwriters and physicians, and ongoing research to inform product design and risk assessment.

Qualifications

• Doctor of Medicine (M.D.) or Doctor of Osteopathy (D.O.) degree required.
• Clinical experience: 3 years minimum.
• Insurance Medicine experience: 5 years minimum (Reinsurance experience preferred).
• Track record of accomplishment and dedication to the Insurance Medicine industry.
• Current Medical Licensure and continuing education credits as needed per year.
• Board Certification - Internal Medicine or equivalent (required).
• Board Certification - Insurance Medicine (required).
• Professional designations such as FALU, FLMI preferred.
• Proficiency in EKG and stress test interpretation required.
• Ability to embrace technology and actuarial concepts.
• Morbidity Methodology training, advanced level preferred.

Responsibilities

• Review medical and underwriting data to assess risk for Life, Disability, and other lines using Munich Re criteria and market considerations.
• Collaborate with underwriters to prepare underwriting decisions.

Skills

Insurance medicine

Medical underwriting

EKG interpretation

Medical literature review

Education/training

Education

MD/DO

Board Certification - Insurance Medicine

Board Certification - Internal Medicine

Medical Licensure

Job description

THIS POSITION MAY BE PERFORMED REMOTELY FROM ANYWHERE IN THE U.S.

The 2nd VP, Medical Director, will provide medical consulting services through case reviews, mortality and morbidity research, and underwriter training. The role will monitor medical literature for emerging trends, review and revise underwriting standards for life, disability, and other product lines as needed, and provide underwriting education to internal and external clients. The Medical Director will also consult with Claims, Legal, and other Munich Re US (Life) departments as needed and serve as deputy to the Chief Medical Director.

Responsibilities:

50% Case Underwriting (Life, Disability, and other product lines as required)

• Review of case medical and other underwriting data to aid in assessment of risk selection for Munich Re US (Life) utilizing Munich Re US (Life) criteria along with medical judgment as well as market considerations. Collaborate as needed with underwriters and others as indicated in preparing the decisions.

15-20% Underwriter and Physician Education

• Continuous study of the aspects of insurance medicine including the fundamentals of mortality/morbidity risk assessment, insurance product design, and analysis of complex medical impairments


• Provide ongoing education to underwriters (both internal and external) utilizing innovative ways to share expertise e.g. webinars, video seminars, case clinics, individual case discussions, explanations provided in medical referrals, local group underwriter training, client visits, external industry presentations, etc.


• Train and mentor new physicians in medical underwriting

15-20% Research and Development

• Assist in the development of underwriting guidelines (various product lines) for Munich Re US (Life) and client use in risk selection based on current scientific considerations, Munich Re US (Life) business plan and market considerations. Ongoing review and revision of the underwriting manual.


• Review and comment on new or updated testing technologies for use in risk assessment. Must remain current with cutting edge medical advances and trends with ability to respond to potential impact of medical advances and the role of genetics on diagnosis and treatment of disease

10-15% Client Relations

• Respond expeditiously to client inquiries and needs with regard to proposed underwriting standards, tentative quotes, etc. Be proactive with review and comment on emerging technologies/trends with ability to respond to potential insurance impact. Client education/training as noted above.


• Volunteer and aspire for/acquire leadership roles in the insurance industry such as AAIM, ACLI committees, MMDA, etc.


• Represent Munich Re US (Life) at Industry and client meetings which may include travel, meeting attendance, meeting participation and presentations.

5% Claims Review

• Assist in the review of claims (may include various product lines) regarding suitability for payment on the basis of medical criteria and contract terms

Continuing Medical Education

• Must maintain state MD or DO licensure and state CME requirements.


• Maintain current, in-depth knowledge of medical literature via ongoing journal review, attendance at industry and non-industry medical conferences

Qualifications:

• Doctor of Medicine (M.D.) or Doctor of Osteopathy (D.O.) degree required


• Clinical experience: 3 years minimum


• Insurance Medicine experience: 5 years minimum (Reinsurance experience preferred)


• Track record of accomplishment and dedication to the Insurance Medicine industry


• Current Medical Licensure and appropriate continuing education credits as needed per year (ongoing and as may be required by law)


• Board Certification - Internal Medicine or equivalent (required)


• Board Certification - Insurance Medicine (required)


• Professional designations such as FALU, FLMI are preferred


• Proficiency in EKG and stress test interpretation required


• Ability to embrace technology and actuarial concepts


• Morbidity Methodology training, advanced level preferred

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).


• Prescription drug coverage (included in your health insurance plan).


• Vision and dental insurance plans.


• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.


• Short and Long-Term Disability coverage.


• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).


• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 6% employer match


• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.


• Eligibility to receive a yearly bonus as a Munich Re employee.


• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement.


• Paid time off for eligible family care needs.


• Tuition assistance and educational achievement bonuses.


• A corporate matching gifts program that further enhances your charitable donation.


• Paid time off to volunteer in your community.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world's leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

The base salary range anticipated for this position is $328,000 to $380,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.