Remote Underwriting Risk Audit Consultant – Quality & Compliance

Banner Life; Frederick (MD); Remote; USD 110,000 - 135,000; Full time

Job summary

Banner Life Insurance Company is seeking an Underwriting Risk Audit Consultant to perform real-time audits of underwriting files for grades E5–E7. You will review approved applications to ensure adherence to company standards and conduct Post Issue APS file reviews.

The role emphasizes quality review and actionable recommendations to management. The position requires extensive underwriting experience, strong attention to detail, and ability to communicate findings to leadership.

Qualifications

• Minimum 8 years of individual life underwriting experience.
• Proficiency with MS Word, Excel, Access and PowerPoint.
• Experience with large case and impaired risk underwriting.
• BS/BA degree preferred or applicable work experience; industry coursework listed.

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 with Underwriting Management where the file examination uncovered noncompliance with Company standards.
• 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.
• Provide quality control review to identify administrative errors affecting product delivery.
• Perform ad hoc audits on individual underwriters as directed by Underwriting Management or Chief Underwriter/Chief Medical Director.
• Report inconsistencies or deficiencies in the risk selection process identified during file examinations.
• Complete other assignments/functions as directed.

Skills

Underwriting experience

Impaired risk underwriting

Large case underwriting

Policy issuance process

Education

BS/BA degree

Industry coursework (FALU, CLU, ChFC, LOMA)

Tools

MS Word

Excel

Access

PowerPoint

Job description

Banner Life Insurance Company is seeking an Underwriting Risk Audit Consultant to perform real-time audits of underwriting files for grades E5–E7. You will review approved applications to ensure adherence to company standards and conduct Post Issue APS file reviews.

The role emphasizes quality review and actionable recommendations to management. The position requires extensive underwriting experience, strong attention to detail, and ability to communicate findings to leadership.