Sr. Life Underwriter

Job Description Summary

Job Description

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.

• →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.

• 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.