Senior Life Underwriter

International Association of Insurance Professionals (IAIP); Lansing, Northern (MI, KY); Hybrid; USD 120,000 - 170,000; Full time

Benefits offered by this job

Full benefits package

401K

Job summary

International Association of Insurance Professionals (IAIP) is seeking a Senior Life Underwriter to provide underwriting services for the Life department and Field Force, using approved methods and guidelines. The role includes training underwriting staff and ensuring timely, sound decisions for the unit.

Candidate will leverage data analytics and underwriting outcomes to improve processes and stay current with automated systems.

Qualifications

• Bachelor's degree required with focus on insurance, business, finance or medical field, or equivalent ten years underwriting experience.
• Minimum seven years life underwriting experience or equivalent required.
• Financial underwriting experience required.
• Experienced computer usage and proven skills in Microsoft Office including Excel.
• Medical terminology knowledge required.
• Willingness to pursue continuing job-related training and education required.

Responsibilities

• Provide underwriting services for Life department and Field Force using approved solutions and guidelines.
• Train Underwriting staff and ensure timely, sound underwriting decisions.
• Utilize data analytics and outcomes to evaluate and streamline underwriting functions.
• Maintain expertise in automated underwriting systems to augment goals and objectives.
• Underwrite and process larger and complex life insurance applications and determine facultative reinsurance liabilities.
• Correspond with clients, agents, doctors, reinsurers, and other organizations to gather information needed to underwrite risks.
• Monitor changes in underwriting techniques and participate in industry educational programs.

Skills

Life underwriting

Underwriting analytics

Microsoft Excel

Medical terminology

Education

Bachelor's degree in insurance/business/finance/medical fields

Tools

Underwriting systems

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