Sr. Life Underwriter

Raymond James Financial, Inc.; Southfield (MI); In loco; USD 90.000 - 120.000; Tempo pieno

Descrizione del lavoro

Raymond James Financial, Inc. is seeking a Senior Life Insurance Underwriter to evaluate risk, determine premium classifications, and review applicants’ health, finances, occupation, travel, and lifestyle.

The role emphasizes sound underwriting principles and collaboration with financial professionals. The ideal candidate has 5+ years in life underwriting, holds an AALU designation, and demonstrates strong analytical, communication, and leadership abilities to manage complex cases and mentor

Competenze

• Minimum 5 years of life insurance underwriting experience.
• AALU designation required; actively pursuing FALU and/or FLMI preferred.
• Strong knowledge of medical and financial underwriting principles.
• Proficient in interpreting underwriting manuals, legislation, and insurance product provisions.
• Exceptional analytical and risk assessment skills.
• Strong written and verbal communication abilities.
• Proven leadership and mentoring capabilities.
• Ability to manage complex cases and make sound, independent decisions.

Mansioni

• Risk Assessment & Decision-Making: evaluate risk and determine underwriting outcomes.
• Evaluate new business, reinstatements, and coverage change requests.
• Determine underwriting requirements and order medical exams or assessments.
• Analyze applicant data from sources including MIB, medical records, financial documents, and MVRs.
• Stakeholder Communication: collaborate with financial advisors and internal teams.
• Process Management: balance workload and advisor expectations with underwriting capacity.
• Document and update underwriting systems with accurate information.
• Refer cases to reinsurance or consult with Chief Underwriter/Medical Director as needed.
• Ensure decisions align with policies, standards, and regulatory requirements.
• Draft correspondence such as approval/decline letters and memos.
• Participate in policy and system improvements and stay updated on industry trends.

Conoscenze

Analytical skills

Leadership

Communication skills

Decision making

Formazione

AALU designation

Descrizione del lavoro

Position Summary

As a Senior Life Insurance Underwriter, you will play a critical role in facilitating the sale of life insurance by applying sound, cost-effective underwriting principles. You will assess risk and determine appropriate premium classifications based on a comprehensive evaluation of applicants’ health, financial background, occupation, travel, and lifestyle.

Key Responsibilities

• Risk Assessment & Decision-Making
• Evaluate new business, reinstatements, and coverage change requests.
• Determine underwriting requirements and order necessary medical exams or assessments.
• Analyze applicant data from various sources including MIB, medical records, financial documents, and motor vehicle reports.
• Stakeholder Communication
• Collaborate with financial advisors, Insurance Planning Specialists, and Internal Sales Consultants.
• Clearly communicate underwriting decisions and provide guidance on potential reconsiderations.
• Process Management
• Balance workload, advisor expectations and the underwriting team for effective underwriting.
• Document and update underwriting systems with accurate and timely information.
• Refer cases to reinsurance or consult with the carrier’s Chief Underwriter or Medical Director as needed.
• Compliance & Documentation
• Ensure underwriting decisions align with internal policies, industry standards, and regulatory requirements.
• Draft correspondence including approval/decline letters, advisory memos, and confidential medical communications.
• Continuous Improvement
• Participate in the development and refinement of underwriting policies, procedures, and systems.
• Stay current on industry trends, legislation, and best practices.

Qualifications

• Experience & Education
• Minimum 5 years of life insurance underwriting experience.
• AALU designation required; actively pursuing FALU and/or FLMI preferred.
• Technical Expertise
• Strong knowledge of medical and financial underwriting principles.
• Proficient in interpreting underwriting manuals, legislation, and insurance product provisions.
• Skills & Competencies
• Exceptional analytical and risk assessment skills.
• Strong written and verbal communication abilities.
• Proven leadership and mentoring capabilities.
• Ability to manage complex cases and make sound, independent decisions.

Why Join Us?

• Work with a collaborative and experienced underwriting team.
• Opportunity to influence underwriting strategy and policy.
• Competitive compensation and benefits package.
• Support for continued professional development and certification