Remote Underwriting Risk Audit Consultant

Banner Life family of companies; Urbana (MD); Remote; USD 110,000 - 135,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

401K with company match up to 6%

Pension plan

Paid holidays

Job summary

Banner Life Insurance Company is seeking an experienced Underwriting Risk Audit Consultant to conduct real-time audit file examinations for senior underwriters (E5–E7). The role focuses on ensuring compliance with underwriting standards, identifying inconsistencies, and providing actionable recommendations to management.

The position requires 8+ years of life underwriting experience, strong MS Office skills, and deep knowledge of policy issuance processes and large-case underwriting.

Qualifications

• Minimum 8 years of individual life underwriting experience.
• Working knowledge of Microsoft Word, Excel, Access and Power Point.
• Working knowledge of underwriting and policy issue process.
• Extensive experience with large case and impaired risk underwriting.

Responsibilities

• Identify risks not underwritten in compliance with company standards of underwriting.
• Ascertain that all randomly selected approved cases are reviewed on a daily basis for compliance with Company standards of underwriting.
• Report to VP, Underwriting Audit any findings requiring further review or action by management.
• Communicate, as needed, with Underwriting Management where the file examination has uncovered noncompliance with Company standards of underwriting.
• Document results of file examinations, identifying specific areas of noncompliance or deficient underwriting.
• Provide recommendations to Underwriting Audit/Management as to potential weaknesses in underwriting training and deficiencies of individual underwriters.
• Provide quality control review to identify any administrative errors which affect the quality of the product being delivered to the consumer.
• Perform ad hoc audits on individual underwriters as requested by the Underwriting Management, and/or as directed by the Chief Underwriter or Chief Medical Director
• Report to Underwriting Audit/Management any inconsistencies or deficiencies in the risk selection process that are identified during the file examinations.
• Complete other assignments/functions as directed.

Skills

Underwriting expertise

MS Office

Policy issue process

Large case underwriting

Education

BS/BA degree

FALU

CLU

ChFC

LOMA

Tools

Microsoft Word

Microsoft Excel

Microsoft Access

PowerPoint

Job description

Banner Life Insurance Company is seeking an experienced Underwriting Risk Audit Consultant to conduct real-time audit file examinations for senior underwriters (E5–E7). The role focuses on ensuring compliance with underwriting standards, identifying inconsistencies, and providing actionable recommendations to management.

The position requires 8+ years of life underwriting experience, strong MS Office skills, and deep knowledge of policy issuance processes and large-case underwriting.