Underwriter

Overview:

Evaluates and classifies risks on applications for life, accident and critical illness insurance including supplemental benefits and policy changes in accordance with mortality and morbidity pricing assumptions. Underwrites life insurance applications and associated risks. Classifies the risk with a minimum of underwriting requirements. Verbally discusses cases with licensed life insurance producers and applicants, which may involve explaining the reasons the Company took adverse action on an application and attempting to diminish any negative reaction by the applicant. Develops a strong knowledge of human physiology in order to gather the necessary information from the data collected. In addition, builds a high level of knowledge of other technical aspects of the underwriting process which include financial needs, insurable interests, avocations and occupations along with a comprehensive knowledge of the Company's products and procedures.

Responsibilities:

What you will do:

• Review life applications, policy change requests, and reinstatements for completeness and accuracy, ensuring underwriting rules, philosophies, laws and practices are followed.
• Evaluate medical, financial, and non\-medical information, as developed, to determine the risk classification according to company guidelines
• Determine appropriateness of applied coverage (i.e., sufficient financial justification, appropriate insurable interest).
• Make underwriting decisions that produce claim results within the Company's mortality expectations.
• Comply with federal and state rules and regulations (i.e., MIB, Fair Credit Reporting Act, blood testing, Replacements, 1035 Exchanges, etc.).
• Communicate clearly and provide accurate information verbally and in writing to the field force, vendors, reinsurers, various Home Office associates, etc., while following proper rules of punctuation, grammar, dictation, and style.
• Give proper guidance and direction to the New Business support staff.
• Maintain confidentiality of information, including sensitive medical, financial, personal and payroll information
• Performs other duties as assigned.
• Complies with all policies and standards.

Qualifications:

• College degree or relevant work experience \- Preferred
• Minimum 1 year experience as a life insurance underwriter \- Required
• Minimum 1 year experience as a Licensed Practical Nurse or equivalent position \- Required
• Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions. \-
• Possesses and displays excellent verbal and written communication skills with ability to convey information to internal and external customers in a clear, focused and concise manner. \-
• Must provide examples of handling difficult situations effectively while maintaining high volumes of work. \-
• Demonstrated strong attention to detail with excellent organizational skills. Cite examples of organization and time management methods used to manage or prioritize workload demands. \-
• Ability to continuously make repetitive motions of the wrists, hands and/or fingers. \-
• Must provide examples from working experience of going above and beyond the call of duty to assist team members. Works independently. \-
• Working knowledge of word processing and spreadsheet applications \-
• LOMA 280 and 290 \- Preferred

Work Setting/Position Demands:

• Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
• Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
• Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
• Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
• Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
• Performs substantial movement of wrists, hands, and fingers for continuous computer work.
• Extended hours required during peak workloads or special projects/events.

Travel Requirements:

• None