Senior Underwriting Consultant Job Description
Senior underwriting consultant
provides deep technical leadership and underwriting risk perspective on product development, medical, financial, and non-medical underwriting, application revisions and new business processes.
Senior Underwriting Consultant Duties & Responsibilities
To write an effective senior underwriting consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included senior underwriting consultant job description templates that you can modify and use.
Sample responsibilities for this position include:
Perform investigative studies and research to evaluate/analyze data on underwriting requirements, product, agents business, rating and decline distribution trending to report on concerns and/or make recommendations for policy changes
Assist with creation of agent/product materials for product/guidelines communication
Utilize strong technical risk assessment skills and experience in underwriting Life, Critical Illness, Income Protection, Total Permanent Disability Hospital Cash and Medical Reimbursement products in developing e-underwriting rules
Participate in e-Underwriting rules reviews to ensure adherence to the appropriate underwriting guidelines and provide guidance on rules revisions to meet client goals
Formulate a successful strategy with regional sales team to renew cases profitably within general underwriting guidelines
Analyze data and trends from relevant research and other sources, including underwriting production to develop recommendations to present to the Manual Review Committee
Works with the VP, Head of UW Manual Development to implement best practices and in the deployment of underwriting guidelines throughout the enterprise
Collaborate and partner with areas associated with the risk selection process (Medical team, Underwriting, and Vendor Relations) to create guidelines and processes that assist with maintaining mortality results
Maintains company specific notes for reinsurance underwriting manual
Review applications for eligibility based on admitted health history, product, state or filing restrictions, MIB and any other source of information provided for review
Senior Underwriting Consultant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Underwriting Consultant
List any licenses or certifications required by the position: GBA, HIAA, CEBS, LOMA
Education for Senior Underwriting Consultant
Typically a job would require a certain level of education.
Employers hiring for the senior underwriting consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Business, Math, Education, Health, Mathematics, Graduate, Economics, Statistics, Actuarial Science
Skills for Senior Underwriting Consultant
Desired skills for senior underwriting consultant include:
Financial and other non-medical underwriting factors
Medical issues and impact on mortality
Retention and reinsurance
Underwriting function
Competition
Plan designs
Pricing and various funding arrangements
Product
Understanding of the client needs
Underwriting
Desired experience for senior underwriting consultant includes:
University degree in science or business
Demonstrated capability in medical and financial risk assessment
Good interpersonal skills and ability to communicate effectively and clearly
1-3 years of adult learning, training, instructional design and/or performance experience that directly aligns with the specific responsibilities for this position preferred
Evaluate, price and propose rate and strategy on Stop-Loss renewals, including specific and aggregate benefits
Manage field office relationships in regards to industry information, regional medical trends and block of business
Senior Underwriting Consultant Examples
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Senior Underwriting Consultant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a senior underwriting consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior underwriting consultant
- Document and track multiple versions of automated underwriting rules
- Identify and escalate decisions and unresolved issues to Underwriting management
- Communicate and negotiate effectively with BGA's, wholesalers, agents and producers to explain adverse underwriting decisions, while maintaining agency relationship and encouraging future business
- Actively seek out/identify resources and projects to improve underwriting staff, and improve understanding of business line within the company and industry
- May also be involved in product and network strategies, reserving, and other medical cost issues related to Community & State Behavioral Health
- Will work closely with regional and market level CFOs, actuarial pricing, finance, network, and product teams
- Proactively ensure UHC pharmacy underwriting practices / strategies are current and position company favorably vs
- Coordinate underwriting pricing strategies with UHC pricing, finance and sales, OptumRx where appropriate
- Maximize competitive positioning and margin potential via Clinical, and Product
- Collaborate with pharmacy pricing intelligence group to ensure underwriting principles are up to date, and enable competitive positioning margin retention/growth
Qualifications for senior underwriting consultant
- 5 - 7 years experience in underwriting operations
- Track record demonstrating good quality and productivity career advancement and increasing approval authority
- 3-5 years of Medical/Pharmacy underwriting pricing experience via all types of pricing methodologies (manual, experience, blended, alternate, ) and funding arrangements
- Ensure that all material supporting rating recommendations is filed centrally and within accepted standards with appropriate access permissions
- Highly developed medical research skills are essential
- Ability to adeptly and diplomatically manage cross cultural discussions and negotiations on highly technical subject matters
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Senior Underwriting Consultant Job Description
Job Description Example
Our innovative and growing company is hiring for a senior underwriting consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior underwriting consultant
- Present financial recommendations to senior management and collaborate in discussions between underwriting and sales leadership
- Participate in oversight committee working directly with Senior Actuarial, UHCP Finance, Sales and Underwriting Leaders
- Informal leadership role involving ownership of monthly underwriter meetings, management of ongoing industry educational opportunities for the underwriting team
- Independently applies Underwriting judgment, formulates pricing decisions, negotiates within their authority limit, and handles standard to complex reporting requests
- The Senior Underwriting Consultant must have the ability to handle high complexity cases with little to no support
- Demonstrates a strong ability to help others gain an understanding of the underwriting process, including case reviews, identifying training needs and developing and delivering training
- Actively participates in or leads projects which may be broader/cross-functional, demonstrates an understanding of both the upstream and downstream impacts of changes within and outside of Underwriting
- Processes casework load to ensure completion in a timely, efficient manner, meeting or exceeding time service/productivity goals and offer/decline ratios
- Create and execute appropriate communications to all related parties including marketing, field, functional and supporting department managers
- Subject matter expertise in MVR, eIR, and Criminal records searches including analysis of findings to provide risk assessment direction to underwriters
Qualifications for senior underwriting consultant
- 3 to 8 years proven experience in individual life and health insurance underwriting
- Bachelor's degree and significant related life insurance industry experience are preferred (5 plus years)
- Experience with underwriting both mortality and a broad array of living insurance products preferred
- Known self-starter, able to prioritize workloads and work independently
- Able to work as part of a widespread team
- We are going through an exciting time of change and will look to define and structure or team beyond the globalisation of Life Guide to enable the regions in establishing or extending our lead as the recognised leader in reinsurance underwriting
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Senior Underwriting Consultant Job Description
Job Description Example
Our growing company is looking to fill the role of senior underwriting consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior underwriting consultant
- Conducts training for sales and/or underwriting staff
- May participate in project work or on teams to develop or improve underwriting processes
- Lead special projects to organize tasks and ensure deadlines are met
- Review requests for policy changes and reinstatements to determine eligibility
- Handle risk selection decisions in a quality, timely, and productive manner
- Complete audits as required
- Provide training both internally and externally, explaining products, compliance and state requirements to agents and field representatives
- Serve as the subject matter expert for lower level underwriters
- Able to draw conclusions and make recommendations using a combination of relevant facts, observations, and opinions
- Questions and considers implications of decisions and recommendations
Qualifications for senior underwriting consultant
- Another key role of this team is to collaborate and contribute to the newly formed UW solutions team lead by Marianne Cumming
- To act as a leader and role model within the underwriting community, supporting strategy and activities to ensure a cohesive global working community with shared interests and active participation
- Act as a source of technical knowledge to advise colleagues on underwriting and risk issues
- Influence and support the execution of the differentiated service strategy globally
- Signing off referrals for high sum assured or complex cases
- Contribute to the delivery of the global audit plan
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Senior Underwriting Consultant Job Description
Job Description Example
Our company is looking for a senior underwriting consultant. 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 senior underwriting consultant
- Supports the automation of manual processes via requirement gathering, rule specification and development participating in testing the results
- Takes initiative to identify improvement opportunities and acts upon them
- Determines priorities and works on multiple projects simultaneously
- Willingness to think well beyond current processes
- Provide guidance and mentoring to clients and colleagues in the rules development process
- Demonstrate effective time management, conflict resolution and presentation of alternative solutions
- Provide feedback to the GUM team on all GUM manual related issues identified during the rules development process
- Participate in Super User meetings, Agency User Group meetings
- Act as a mentor to other underwriters through, training, consulting, and reviewing business that exceed their authority level
- Act as a pharmacy SME and engage in client / prospect specific renewals and RFP's
Qualifications for senior underwriting consultant
- Contribute to the development of underwriting guidelines and standards for L&H reinsurance
- Participate in the monitoring and management of legal and regulatory risk exposure of our underwriting activities
- Actively contribute to Life Guide evidence base research and its supporting knowledge and training offering
- Maintain integrity of current and newly developed underwriting rule bases via a variety of technical platforms Magnum
- Minimum 10 years L&H underwriting experience
- Working knowledge of life insurers/reinsurers business from a financial perspective
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Senior Underwriting Consultant Job Description
Job Description Example
Our growing company is hiring for a senior underwriting consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior underwriting consultant
- Coordinates efforts to improve access and ease of use for all reference materials for the underwriting staff
- Assists the Underwriting Department/company with special projects as requested
- Engages with line underwriting staff for ideas and feedback on training efforts
- Maintains strong, up to date knowledge on all significant underwriting changes/issues
- Coordinate proposal and guarantee document language with other impacted areas including Legal
- Track and report on GDR guarantees, pricing initiatives (new products/networks, tactics) on an as needed basis
- Ensures high level of customer satisfaction by partnering with financial associates, team members, medical and legal consultants to resolve the best possible outcome for members
- Handles complex and sensitive written and verbal communications, often influencing behavior via these communications
- Comprehend variety of medical and financial records to extract and combine relevant pieces of information to form discernment
- Validate and approve pricing for renewals and request for proposals
Qualifications for senior underwriting consultant
- Good understanding of a broad range of products including disability income
- Excellent organisational skills, with a demonstrated ability to manage competing priorities effectively, and with a strong commitment to deliverables
- High standard of written and verbal communication in a complex technical environment
- Keeps up with global trends and proactively shares knowledge and information with others
- Bachelor Degree in Mathematics, Actuarial Science, Finance, Business, Computer Science or other quantitative analysis discipline
- Minimum years of Underwriting experience varies by level