Lead Underwriting Consultant

Penn Mutual Life Insurance; Montgomery (AL); On-site; USD 120,000 - 155,000; Full time

Job summary

Penn Mutual Life Insurance seeks an experienced underwriter to assess and oversee risk on large, complex life applications. You will apply company standards to select risks, determine requirements, and provide timely decisions.

You will exercise authority up to $15,000,000 with approvals up to age 85, mentor junior staff, and collaborate with field and home office to deliver high-quality service while supporting profitability and persistency.

Qualifications

• Minimum 7–10 years underwriting experience.
• Strong knowledge of life insurance contracts and state requirements.
• Proven ability to work in a remote environment.

Responsibilities

• Selects and classifies risks according to company standards.
• Make decisions within approval limits up to $15,000,000 for applicants up to age 85.
• Mentor and coach others; contribute to process improvements.
• Collaborate with field and home office to deliver high-quality service.
• Analyze medical, financial, and non-medical information to determine requirements.

Skills

Underwriting expertise

Complex cases

Remote work capable

Industry awareness

Communication skills

Analytical thinking

Education

College degree

Professional designations (FLMI)

Professional designations (FALU)

ACS designation or coursework

Job description

Underwrites and oversees the selection of risk of large complex life applications. Manages underwriting services to contribute to the achievement of financial objectives including profitability, production and persistency of clients; developing underwriting processes, standards and programs, and reporting results.

Responsibilities

• Selects and classifies risks according to company philosophy and standards.
• Make decisions within approval and/or viewing limit up to $15,000,000, up to age 85, substandard approval limit up to 500%; limits established based on experience.
• Assists others with resolving complex issues while ensuring adherence to underwriting standards and objectives.
• Participates in department initiatives; assists in recommending/implementing changes to improve productivity, profitability, growth and quality.
• Provides mentoring, training and coaching.
• Manages retention.
• Maintains profitable mortality experience.
• Analyzes and interprets medical, non‑medical and financial information.
• Determines appropriate requirements.
• Reviews and provides signatures on referrals from underwriters.
• Identifies and provides solutions to work related problems and issues.
• Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.
• Maintains positive and effective relationships with internal and external partners.
• Participates in major projects.
• Complies with all company and site policies and procedures.
• Remains current in profession and industry trends.
• Successfully completes regulatory and job training requirements.
• Performs other duties as assigned.

Required Skills

• Highly developed knowledge of underwriting function.
• Large, complex case expertise with prior approval authority of at least $10M.
• Ability to adapt to change and excel in a fast‑paced environment.
• General awareness of current affairs, industry issues and trends, both corporate and external.
• Solid knowledge of insurance contract law and state legislative requirements.
• Strong knowledge of insurance products (plans, riders, benefits) and illustrations and how they are marketed.
• Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
• Thorough understanding of automatic reinsurance agreements.
• Highly developed knowledge of medical science, technology and terminology and their impact on mortality.
• Highly developed knowledge of financial and other non‑medical underwriting factors.
• Thorough knowledge of product pricing.
• Strong organizational, communication and interpersonal skills.
• Strong analytical kills, ability to define, research and resolve problems.
• Proven ability to work successfully in a remote environment.
• Ability to create and maintain customer relationships.
• Ability to prioritize and work effectively under deadlines balancing published service times with an appropriate customer focus.
• Ability to comprehend, retain and apply current technical information to daily work issues.
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement.
• Ability to work with others in a collaborative team environment.

Required Experience

Minimum 7 -10 years underwriting experience

Education/Licenses/Professional Designations

• College degree required, equivalent work experience in life Underwriting may be considered
• FLMI, FALU and ACS designations or current coursework toward earning certificates

Remote Systems Requirements

High speed internet connection required

Compensation

Base Salary Range - $120,000 - $155,000