Life Underwriter Job Description
Life underwriter
provides training and coaching Non med underwriter, underwriter administrator for underwriting know how and also Tele-marketer regarding medical underwriting.
Life Underwriter Duties & Responsibilities
To write an effective life underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included life underwriter job description templates that you can modify and use.
Sample responsibilities for this position include:
Undertake initial underwriting calculations of risk, liability and financial implications under the guidance of experts
Gather all medical documentation, and liaise with the senior underwriters, medical professionals, and claims as approprite
Supporting and work in collaboration with the National Underwriting Manager with the aim of improving the underwriting offering, utilising all available tools
Relevant qualifications to the insurance industry
Relevant experience at an underwriter level with proven technical skills, including underwriting retail life insurance risk at the highest competency levels
Ability to collaborate with a team of underwriting professionals and to maintain sound underwriting practices in the face of pressure from all distribution channels
Ability to deliver adverse terms via feedback and manage outcomes with the result of continual improvements
A high level of initiative, self motivation and a strong commitment to "making a difference"
Demonstrate dependability, flexibility and sound judgment by adhering to schedules and meeting all productivity, quality and performance standards taking ownership for your actions
Carry out duties in compliance with all state and federal regulations and guidelines
Life Underwriter Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Life Underwriter
List any licenses or certifications required by the position: FLMI, FALU, ALU, LOMA, ALMI, GR1
Education for Life Underwriter
Typically a job would require a certain level of education.
Employers hiring for the life underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Education, Management, Finance, Medical, Accounting, Economics, Health, Business/Administration, Fashion
Skills for Life Underwriter
Desired skills for life underwriter include:
Underwriting Guidelines and medical factors impacting mortality
Our administrative systems
Product rules
Regulatory and policy differences among states in which business is transacted
Diseases
Human anatomy
Medical terminologies
Current medical underwriting developments/ trends/issues
Financial and lifestyle risks
Medical Information Bureau procedures
Desired experience for life underwriter includes:
Imaging system w/underwriting workflows
Ensure proper guidelines are followed in accordance with company policies, procedures
Complete all regulatory and job training requirements
Possesses a bias for action and avoids workplace distractions #LI-CA1
Ensure proper guidelines are followed in accordance with company policies and procedures
Exhibits a commitment to finding ways to write business without sacrifice of quality, including appropriate leverage of all lines and account underwriting
Life Underwriter Examples
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Life Underwriter Job Description
Job Description Example
Our company is growing rapidly and is looking for a life underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for life underwriter
- Assessment of medical and financial documents (blood tests, cardiovascular reports… and accounting documents) to establish a recommendation with the help of our underwriting tool and Medical Officers
- Preparation and/or onsite support for client facing activities, such as trainings and audits
- Support for translation of our underwriting-related tools such as Life Guide
- Work closely with the firm’s producers case design team to transition from design to implementation
- Supporting proposition and product development in line with business priorities
- Designing, coding and testing our expert underwriting system rules to evolve the system, maximise STP rates, improve customer journeys and streamline processes
- Monitoring and investigating industry and medical advancements and how these can be applied to underwriting processes
- Carrying out analysis to support business cases
- Providing support, guidelines and training for Customer Services Underwriters and Claims Assessors
- Underwriting complex cases where required
Qualifications for life underwriter
- Industry association memberships expected
- Degree or equivalent qualification desired – e.g ACII
- Thorough knowledge of MedMal underwriting and reinsurance
- Exposure to business planning
- Advanced level understanding of relevant software, including Excel
- Thorough knowledge of legal and regulatory requirements (specific reference to FCA / Lloyds regulation)
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Life Underwriter Job Description
Job Description Example
Our growing company is looking to fill the role of life underwriter. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for life underwriter
- Is creative in use of underwriting tools and techniques to write profitable business
- Uses pricing models for appropriate risk selection/pricing and is able to communicate rationale for underwriting decisions
- Exhibits a commitment to finding ways to write business without sacrifice of quality, including
- Appropriate leverage of all lines and account underwriting
- Successful individual will be responsible for both IT and Life Science risks
- Establish and maintain a clear governance structure for the underwriting function, including underwriting authorities, underwriting manual, and quality assurance reviews
- Ensures high level of customer satisfaction by partnering with field and team members and when handling complex and sensitive written and verbal communications
- Creates, drives and executes on strategies for new and/or renewal accounts (prospective book management, executes on the mix strategy, low strategy, territorial and agency sales plans)
- Successfully sells the proposal
- Takes lead in communicating strategy to the agency
Qualifications for life underwriter
- Drives performance targets to completion #LI-CA1 #LI-CA1
- Minimum of 3 years with Commercial Underwriting experience
- Innovative and motivated individual
- Experienced Underwriting Professional with excellent technical underwriting knowledge and expertise across a range of Protection products
- Ability to analyse data to investigate, develop and create a compelling business case
- A proven “can do” attitude and flexibility
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Life Underwriter Job Description
Job Description Example
Our company is growing rapidly and is looking for a life underwriter. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for life underwriter
- Trusted advisor to agency
- Manage key producer accounts in concert with Case Specialists
- Review insurance policy submissions and determine appetite to underwrite, underwrite and price new and renewal business, and present quotes to the agent
- Developing training for underwriting staff per internal and external audits and claims
- Review of early claims and surrounding process
- Assist with appeals tracking and handling
- Achieve departmental quality in Risk Selection
- Expert Risk Selection-review, recommendation and decision's regarding large amount, complex medical and financial applications with quality, timeliness and productively
- Advanced medical knowledge
- Advanced knowledge of state regulations and complies within guidelines
Qualifications for life underwriter
- Professional qualification in life and disability underwriting, ALUCA, ANZIIF CII, ALU, FALU
- Bachelor degree or post graduate level qualification in relevant field desirable
- Medical knowledge, inclusive of terminology, procedures and drugs
- Local market/direct experience preferred
- Strong negotiation skills and ability to persuade without creating conflict
- Business acumen and sound leadership skills
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Life Underwriter Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of life underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for life underwriter
- Resolves, assists, advises, and presents underwriting information to upper management and underwriting staff
- Departmental development and compliance
- Accountable for providing thought leadership and subject matter expert insights to the Hong Kong General Insurance, Lines of Business Heads and the country underwriting teams to drive profitable growth in line with strategic underwriting goals and strategies
- Support the formulation and execution of the underwriting plans, Portfolio strategies, WAV strategies, Customer strategies and Go-To-Market strategies
- Manage and monitor business portfolio to ensure technical profitability whilst striking a balance between technical excellence and customer service
- Monitor underwriting strategy relating to performance metrics, data and insights, syndicate findings and make recommendations to changes in underwriting strategy as necessary
- Conduct deep analytics within the business (across claims, underwriting and distribution) plus accessing market and industry data to provide deep insights to the Commercial Leadership Team and Underwriting Business heads
- Assist with approval of terms and conditions and Line of Business-wide issues, enabling Underwriters to write profitable business
- Provide expert support to Underwriters
- Contribute to the development of business plans and pricing strategies and alignment of these with Business Unit Strategies
Qualifications for life underwriter
- Thorough knowledge of Life Underwriting risk selection process and Life Company Operations
- Ability to handle and prioritize multiple tasks and deadlines
- Must remain in current role for one year
- Ability to adapt well to a variety of training environments
- Strong analytical skills with the ability to interpret data, identify trends and draw conclusions
- Strong sales skills and business acumen
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Life Underwriter Job Description
Job Description Example
Our innovative and growing company is hiring for a life underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for life underwriter
- Responsible for the data management and ensure data reasonableness in the areas of business analysis, corporate and planning functions
- Assist in reinsurance management
- Conduct portfolio analysis and monitor the performance of the portfolio
- Provide the findings and recommendations to management for review and consideration
- Set underwriting strategy and develop underwriting guidelines
- Monitor and ensure that the underwriting philosophy and risk acceptance guidelines are being observed
- Responsible for product development and providing technical advice
- Calculates prospect and/or renewal rates for group cases based on analysis of group's experience, industry and demographics for L&D business
- Prepares annual settlements and reports, rate projections and post sale review
- Understand underwriting policies, guidelines, practices and procedures, and has the ability to influence and champion changes to improve processes while maintaining mortality expectations
Qualifications for life underwriter
- In addition to following all corporate guidelines, successful Middle Market Associates are expected to demonstrate satisfactory progress during the Training Program and achieve passing scores on all tests, case studies, and foundational underwriting assessments
- Travel is required for the Training Program
- Basic knowledge and understanding of insurance products and concepts
- Basic knowledge and understanding of underwriting philosophies related to profitability, growth and risk concepts
- Demonstrated experience and proficiency using PC software applications
- Completes Life underwriting training courses to gain understanding of risk evaluation process