Senior Life Underwriter

Michigan Farm Bureau; Lansing (MI); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical

Dental

Vision

401K

Job summary

Michigan Farm Bureau is seeking a Senior Life Underwriter to provide underwriting services for the Life department and Field Force. You will use approved solution methods and guidelines, and train underwriting staff to ensure timely, sound decisions.

This role emphasizes leveraging data analytics and automated systems to enhance underwriting outcomes. The position involves underwriting large and complex life applications, assessing facultative reinsurance liabilities, and maintaining approval

Qualifications

• Bachelor's degree in insurance, business, finance or medical field
• Minimum seven years life underwriting experience
• Financial underwriting experience
• Proficient in Microsoft Office including Excel
• Medical terminology knowledge
• Willingness to pursue continuing job-related training
• FALU, FLMI, CLU, ChFC, or LLIF designation or actively pursuing

Responsibilities

• Underwrite and process larger and complex life insurance applications and determine facultative reinsurance liabilities.
• Maintain approval authority up to $4,000,000.
• Correspond by e-mail, telephone, and systems with clients, agents, doctors, reinsurers, service laboratories, and other organizations to gather information for underwriting.
• Maintain awareness of changes in underwriting industry and participate in educational programs.

Skills

MS Office

Medical terminology

Data analytics

Training underwriters

Underwriting guidelines

Education

Bachelor's degree in insurance/finance/medical field

Tools

Excel

Job description

Senior Life Underwriter

To provide underwriting services for the Life department and Field Force, utilizing company approved solution methods and underwriting guidelines. To provide training of the Underwriting staff. To ensure timely and sound underwriting decisions for the entire unit. Utilize data analytics and underwriting outcomes to regularly evaluate, improve, and streamline the underwriting functions. Maintain expertise in leveraging automated underwriting systems to augment underwriting goals and objectives.

Underwrite and process larger and complex life insurance applications and determine facultative reinsurance liabilities based on established rules. Maintain approval authority up to $4,000,000.

Correspond by e‑mail, telephone, and systems with clients, agents, doctors, paramedical facilities, reinsurers, service laboratories, commercial inspection companies, and other organizations to gather information necessary to properly underwrite risks.

Maintain awareness of changes in underwriting industry related to risk selection, underwriting techniques, and data and technical advancements. Participate in industry educational programs.

Required:

• Bachelor's degree required with focus on insurance, business, finance or medical field, required or equivalent ten years underwriting experience may be considered.
• Minimum seven years life underwriting experience or equivalent required.
• Financial underwriting experience required.
• Experienced computer usage and proven skills in Microsoft Office including Excel or similar spreadsheet software required.
• Medical terminology knowledge required.
• Willingness to pursue continuing job-related training and education required.
• FALU, FLMI, CLU, ChFC, or LLIF designation required or actively pursuing.

Note: If a candidate is not selected, an Underwriting Support Specialist position may be considered on the level of experience and qualifications.

Benefits:

• Medical
• Dental
• Vision
• 401K

Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.