Underwriting Risk Audit Consultant I

Banner Life family of companies; Urbana (MD); À distance; USD 110 000 - 135 000; Plein temps

Avantages offerts par ce poste

Health insurance

Dental insurance

401K with company match up to 6%

Pension plan

Paid holidays

Résumé du poste

Banner Life Insurance Company is seeking an experienced Underwriting Risk Audit Consultant to conduct real-time audit file examinations for senior underwriters (E5–E7). The role focuses on ensuring compliance with underwriting standards, identifying inconsistencies, and providing actionable recommendations to management.

The position requires 8+ years of life underwriting experience, strong MS Office skills, and deep knowledge of policy issuance processes and large-case underwriting.

Qualifications

• Minimum 8 years of individual life underwriting experience.
• Working knowledge of Microsoft Word, Excel, Access and Power Point.
• Working knowledge of underwriting and policy issue process.
• Extensive experience with large case and impaired risk underwriting.

Responsabilités

• 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, as needed, with Underwriting Management where the file examination has uncovered noncompliance with Company standards of underwriting.
• 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 and deficiencies of individual underwriters.
• Provide quality control review to identify any administrative errors which affect the quality of the product being delivered to the consumer.
• Perform ad hoc audits on individual underwriters as requested by the Underwriting Management, and/or as directed by the Chief Underwriter or Chief Medical Director
• Report to Underwriting Audit/Management any inconsistencies or deficiencies in the risk selection process that are identified during the file examinations.
• Complete other assignments/functions as directed.

Connaissances

Underwriting expertise

MS Office

Policy issue process

Large case underwriting

Formation

BS/BA degree

FALU

CLU

ChFC

LOMA

Outils

Microsoft Word

Microsoft Excel

Microsoft Access

PowerPoint

Description du poste

Overview

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.

We’re a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand.

By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better.

The Underwriting Risk Audit Consultant will conduct real time audit file examination process for Underwriters at grades E5, E6, and E7. This includes audits of approved applications within our retention so that only those risks that adhere to Company standards are accepted thereby preserving the integrity of the mortality and the overall pricing; and conduct Post Issue APS (PIA) file reviews.

Provide quality review by identifying inconsistencies in the underwriting process or the criteria used by the underwriters for classifying risk.

Responsibilities

• Identify risks not underwritten in compliance with company standards of underwriting. Report errors/infractions to VP, Underwriting Audit.
• 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, as needed, with Underwriting Management where the file examination has uncovered noncompliance with Company standards of underwriting.
• 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 and deficiencies of individual underwriters.
• Provide quality control review to identify any administrative errors which affect the quality of the product being delivered to the consumer.
• Perform ad hoc audits on individual underwriters as requested by the Underwriting Management, and/or as directed by the Chief Underwriter or Chief Medical Director
• Report to Underwriting Audit/Management any inconsistencies or deficiencies in the risk selection process that are identified during the file examinations.
• Complete other assignments/functions as directed.

Qualifications

Education

BS/BA degree preferred or applicable work experience

Industry coursework (FALU, CLU, ChFC, LOMA)

Experience/Knowledge

Minimum 8 years of individual life underwriting experience

Working knowledge of Microsoft Word, Excel, Access and Power Point

Working knowledge of underwriting and policy issue process

Extensive experience with large case and impaired risk underwriting.

What’s in it for you?

The expected hiring compensation range for this position is $109,900 - $135,000 annually. This is a remote opportunity, operating on EST.

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Annual Incentive Plan. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.

We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff). We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.