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About the Role

Underwrite individual life insurance applications within approval authority and other guidelines. Provide departmental training and answer complex questions. Evaluate risk for traditional and informal underwriting cases, many with complex medical/financial histories. Build and maintain relationships with the field force and brokerage agencies. Assist underwriting staff with processing support, mentoring, and special projects.

Responsibilities

Review individual and joint applications for life insurance.
Review non-routine cases and cases above approval authority with Chief Underwriter or department management.
Engage in frequent phone and email contact with sales force, regional VPs, and reinsurers.
Use critical thinking and advanced knowledge of impaired risk, comorbidities, expected mortality and varied brokerage distribution channels to resolve questions and underwrite complex, unique cases.
Review financial appropriateness of sales.
Review and interpret third party data including, but not limited to, Medical Information Bureau codes, motor vehicle records, pharmacy and medical claims reports checks, laboratory database reports, inspection and financial reports, avocation and aviation risks, and foreign travel/national activity.
Review exams, lab work, inspection reports, medical tests, and attending physician statements to assess risk using published reinsurance underwriting guidelines.
Assign Medical Information Bureau codes as indicated.
Develop and conduct underwriting presentations for Senior Management, Claims Examiners, Field, Home Office, brokerage distributors, and other parties.
Answer questions, provide support, and offer resources as necessary.
Review Underwriter case queue weekly and report to department management.
Manage case inventory within time standards established by department management.
Develop and maintain professional relationships and manage negotiations with Reinsurers and brokerage agencies.
Engage in phone and email contact with Reinsurers regarding resolution of questions on potential cases.
Underwrite cases in an efficient, sound, objective, and consistent manner with consideration for the Company's philosophies, profitability, mortality expectations, and marketplace needs.
Handle more complex processing issues, provide processing support and assist with training.
Assist with special projects as needed or assigned by management.
Demonstrate a mastery of the Company's product portfolio, implementation and enrollment processes, and marketplace influences.
Conduct high-quality risk assessments on all cases to ensure business guidelines, target profit and metrics are met.
Participate in the development and/or delivery of underwriting and product training material.
Participate in and review internal audit.
Identify opportunities for improvement to address underwriting quality gaps.
Act as a technical resource for the Underwriters and provide developmental feedback on case level decisions within the context of a mentoring relationship.
Analyze competitive market intelligence to identify trends.
Provide guidance regarding the business unit's performance, financial results, profitability, competition, and market trends.
Provide ongoing support to both internal and external customers.
Engage in communication with field associates, internal staff, and vendors in support of Company mortality, profitability, and sales objectives.
Monitor case queue of supervised Underwriter Trainees.

Requirements

Minimum of 6 years of related experience is required.
Minimum of 7 years of related experience is required.
Leadership and training experience in an underwriting environment is required.
Advanced knowledge of impaired risk, older age underwriting and comorbidities required.
Training experience in an underwriting environment is required.
Excellent verbal and written communication skills while working with different levels of both internal and external stakeholders.
Demonstrated ability to handle sensitive and difficult customer service situations is required.
Knowledge of company and industry products and procedures preferred.
Intermediate proficiency with Microsoft Word and Excel required.
Ability to work on a team and independently.
Ability to adhere to timelines and schedules without sacrificing quality.
Ability to pay attention to detail and perform work reliably, accurately, and thoroughly.
Ability to work outside of normal business hours to meet project deadlines.
Ability to adapt to change and work under pressure.
Ability to pay close attention to detail.
Ability to travel up to 9% of the time.

Skills

Chartered Life Underwriter (CLU)
Fellow Life Management Institute (FLMI)
Fellow, Academy of Life Underwriting (FALU)
Microsoft Word
Microsoft Excel

Location

Remote
Binghamton, NY
Houston, TX

Work Type

Remote
Hybrid

Experience Level

Senior
Consultant

Education Level

Bachelor’s degree in a related field of study
Bachelor’s degree in medical or financial fields

Salary/Compensations

$77,000 to $103,000 annually
$88,000 to $122,000 annually

Benefits

Competitive salary
Competitive benefits

About the Company

Security Mutual Life is a leading provider of life insurance, accumulation products and retirement-, business- and estate-planning services for individuals, families and businesses.
Innovative products help clients meet their financial protection needs.
Headquartered in Binghamton, New York, the Company was founded in 1886 and is recognized for its longstanding history of financial strength and stability.
Continually invest in technology.
Agents and employees are equipped with the latest tools and deliver outstanding service to hundreds of thousands of policyholders throughout the United States.
Committed to our neighbors and communities.
Security Mutual Life and its employees help support a wide variety of community and charitable initiatives and organizations through donations and service.
Employees are among the Company’s most valued assets.
Work environment reflects the Company’s core values of trust, respect and integrity.

Equal Opportunity

Security Mutual is an Equal Opportunity Employer