Underwriting Consultant

FinanceInfos; Minneapolis (MN); On-site; USD 90,000 - 130,000; Full time

Job summary

Ameriprise Financial Services in Minneapolis seeks an Underwriting Consultant to work directly with field advisors and clients on insurance applications. You will underwrite up to $5,000,000 of life insurance face amount and manage up to $8,000 monthly disability benefits.

The position requires 5-7 years of life or disability underwriting experience, a Bachelor's degree or equivalent, and strong mentoring, analytical, and communication skills; travel to field offices or WebEx sessions may be

Qualifications

• Direct contact with field to gather financial and medical information and communicate underwriting risk decisions.
• Provide formal mentoring of less experienced underwriters and co-sign policies.
• Review and assess medical/non-medical requirements and determine insurability.

Responsibilities

• Direct contact with the field to gather financial and medical information on clients, communicate underwriting risk assessment decisions, and assist the field throughout the insurance process.
• Provide formal mentoring of less experienced underwriters. Co-signing on all policies up to $5,000,000 on life insurance and $8,000.00 monthly benefit on disability amounts for underwriter trainees.
• Quality assurance reviewing randomly selected cases completed by a specific underwriter that have a higher premium value. Review for appropriate thought processes and risk assessment decisions and provide coaching and feedback.
• Review and assess medical and non-medical requirements, and partner with the medical director, leadership, and peers as needed to determine insurability. On average, actively manage a caseload of 250 plus applications.
• Review applications from advisors to determine insurability, and categorize the risk to determine the appropriate premium and rating class.
• Travels to field offices or presents via WebEx, conference calls, or other available technology for coaching, training, and relationship building with advisors.

Skills

Coach and mentor others

Analytical skills

Decision-making

Excellent communication

Education

Bachelor’s Degree or equivalent

Job description

Job Highlights

• Title: Underwriting Consultant
• Type: Full Time
• Experience: 5-7 Years
• Function: Business Support/Operations
• Location: Minneapolis, MN, United States
• Company: Ameriprise Financial Services

Company Profile

Ameriprise Financial provides extensive investment advice, asset management and insurance capabilities, and a nationwide network of financial advisors.

Job Profile

The company is recruiting an Underwriting Consultant who will work directly with field advisors and clients with insurance applications.

Responsible for underwriting insurance applications within strict guidelines up to $5,000,000 of life insurance face amount and $8000 monthly benefit on disability.

Education Level

• Bachelor’s Degree or equivalent

Work Experience

• 5-7 years of relevant experience with Individual Life or Disability Underwriting

Duties/Responsibilities

• Direct contact with the field to gather financial and medical information on clients, communicate underwriting risk assessment decisions, and assist the field throughout the insurance process.
• Provide formal mentoring of less experienced underwriters. Co-signing on all policies up to $5,000,000 on life insurance and $8,000.00 monthly benefit on disability amounts for underwriter trainees.
• Quality assurance reviewing randomly selected cases completed by a specific underwriter that have a higher premium value. Review for appropriate thought processes and risk assessment decisions and provide coaching and feedback.
• Review and assess medical and non-medical requirements, and partner with the medical director, leadership, and peers as needed to determine insurability. On average, actively manage a caseload of 250 plus applications.
• Review applications from advisors to determine insurability, and categorize the risk to determine the appropriate premium and rating class.
• Travels to field offices or presents via WebEx, conference calls, or other available technology for coaching, training, and relationship building with advisors.

Skills/Knowledge/Abilities

• Ability to coach and mentor others
• Demonstrated analytical skills
• Demonstrated decision-making skills
• Excellent communication skills

Preferred Qualifications

• Fellow, Association of Life Underwriters (FALU)
• Certified Life Underwriter CLU

Employer’s Statement

Ameriprise Financial is an Equal Opportunity Employer. The company considers all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status, or any other basis prohibited by law.