Life Insurance Underwriting Associate

Winged Keel Group; Boston (MA); Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

Annual bonus

Full benefits package

Hybrid Needham office

Job summary

Winged Keel Group is a premier national high-end life insurance platform with a Needham office. The Life Insurance Underwriting Associate coordinates and manages underwriting, implementation, and client service, negotiating with carriers and guiding the process from application to policy issuance.

The role requires 3-5 years in life insurance, strong knowledge of underwriting, and proficiency with Word and Excel. Hybrid work from Needham, MA, and a comprehensive benefits package are offered.

Qualifications

• Strong knowledge of the life insurance underwriting process and terminology preferred.
• 3-5 years’ experience in the life insurance industry preferred.
• Knowledge of broker-dealer and licensing preferred.

Responsibilities

• Coordinate and manage all aspects of underwriting and implementation.
• Provide regular case status updates to CRMs and PMs and ensure timely communication with clients/advisors.
• Schedule medical exams and coordinate APS records; review results for medical history.
• Negotiate with carrier underwriters for favorable risk classifications.
• Complete and review life insurance applications and work with company case managers to issue policies.
• Prepare and send portfolio summaries after coverage is placed in force.

Skills

Underwriting process

Communication skills

Negotiation

Multi-tasking

Detail oriented

Tools

Word

Excel

Job description

Firm Summary:

Winged Keel Group is the premier national high-end life insurance platform. With 12 offices nationally, the firm specializes in the structuring, implementation, and administration of Traditional Life Insurance, Business Continuation Insurance, Private Placement Life Insurance and Annuities, and Corporate-Owned Life Insurance portfolios. For more information on Winged Keel Group, please visit www.wingedkeel.com.

Position Summary:

The Life Insurance Underwriting Associate is responsible for the coordination and management of all aspects of the underwriting and implementation process. This includes providing efficient, pro-active service to clients, negotiating with the life insurance companies, and having in-depth knowledge of life insurance products and carriers, applications and the underwriting process.

• Provide regular case status updates to the Client Relationship Managers (CRMs) and Project Managers (PMs)


• Ensure that status updates are emailed to clients and advisors either directly or through the CRMs and PMs regularly


• Confirm that agent is contracted, licensed, and appointed


• Conduct 15-30-minute telephone interviews with clients or advisors to collect their personal, financial, medical, and avocation history


• Schedule medical exams, send reminders and follow up to ensure successful completion


• Coordinate ordering of APS records and review records upon receipt to assess medical history


• Negotiate with carrier underwriters for best possible risk classification and elimination of additional requirements


• Understand how final offers will impact the case design and work cooperatively with design analysts to update the design appropriately


• Complete and review life insurance application paperwork


• Work closely with insurance company case managers to ensure all items are processed and policies are issued in an efficient and timely manner


• Prepare and send Portfolio Summaries to clients after coverage has been placed inforce


• Breakdown underwriting files and inform Client Services team of future administrative obligations for the portfolio

Firm Summary:

Winged Keel Group is the premier national high-end life insurance platform. With 12 offices nationally, the firm specializes in the structuring, implementation, and administration of Traditional Life Insurance, Business Continuation Insurance, Private Placement Life Insurance and Annuities, and Corporate-Owned Life Insurance portfolios. For more information on Winged Keel Group, please visit www.wingedkeel.com.

Position Summary:

The Life Insurance Underwriting Associate is responsible for the coordination and management of all aspects of the underwriting and implementation process. This includes providing efficient, pro-active service to clients, negotiating with the life insurance companies, and having in-depth knowledge of life insurance products and carriers, applications and the underwriting process.

Position Responsibilities:

• General underwriting case management


• Provide regular case status updates to the Client Relationship Managers (CRMs) and Project Managers (PMs)


• Ensure that status updates are emailed to clients and advisors either directly or through the CRMs and PMs regularly


• Confirm that agent is contracted, licensed, and appointed


• Conduct 15-30-minute telephone interviews with clients or advisors to collect their personal, financial, medical, and avocation history


• Schedule medical exams, send reminders and follow up to ensure successful completion


• Coordinate ordering of APS records and review records upon receipt to assess medical history


• Negotiate with carrier underwriters for best possible risk classification and elimination of additional requirements


• Understand how final offers will impact the case design and work cooperatively with design analysts to update the design appropriately


• Complete and review life insurance application paperwork


• Work closely with insurance company case managers to ensure all items are processed and policies are issued in an efficient and timely manner


• Prepare and send Portfolio Summaries to clients after coverage has been placed inforce


• Breakdown underwriting files and inform Client Services team of future administrative obligations for the portfolio

Ideal Candidate will Possess the Following:

• Strong knowledge of the life insurance underwriting process and life insurance terminology preferred


• 3-5 years’ experience in the life insurance industry preferred


• Knowledge of broker-dealer and licensing preferred


• Experience using AI for project based work


• Strong understanding of life insurance risk classifications


• General medical knowledge (ability to read Attending Physician Statements)


• Strong interpersonal and communication skills – written and verbal


• Strong negotiating skills


• Strong problem-solving skills


• Proficient in Word and Excel


• Ability to work in a fast-paced environment along a steep learning curve


• Ability to organize, prioritize and manage multiple tasks and requests


• Ability to work under pressure and meet deadlines while being pro-active


• Highly detail oriented


• Exercises good judgement

Working Conditions/Demands/Complexity:

• Required to work on a computer for a substantial part of the day


• Frequent work in the evenings and occasionally weekends, as needed to meet deadlines


• A strong fundamental skillset in the above areas from the outset. Candidate will have a unique opportunity to apply and grow these skills in a highly productive, successful, and challenging environment


• Work on a hybrid bases from our Needham office

Compensation / Benefits:

• Attractive annual compensation package is commensurate with experience


• Eligible for annual performance-based bonus


• Comprehensive benefit package includes medical, dental, life, disability, 401(k), Section 125, and other voluntary benefits.