Be an early applicantLess than 25 applicants

Company

Legal & General America · 5 hours ago

Senior Financial Underwriting Consultant

Frederick, MD

Full-time

Remote

Senior Level, Lead/Staff

$121K/yr - $151K/yr

10+ years exp

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Comp. & Benefits

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Responsibilities

Select risks profitable to the Company while promoting a competitive offer for the agent and equitable results for the applicant.

Review, analyze and classify large complex life applications, change and reinstatement applications, trial applications and inquiries in a timely and accurate manner.

Leverage experience to assist in the development of less experienced underwriters.

Be a trusted member of team for broker/partners.

Be viewed as a leader and "Go To" person by teammates for both medical and complex financial questions.

Act as a referral underwriter for less experience underwriters.

Review large and complex life insurance applications within the limits of authority, including all underwriting requirements and other evidence of insurability to determine acceptability and detect fraud in the underwriting process.

Order only additional requirements which are appropriate and necessary for the assessment of the risk.

Display sound judgment while evaluating complex medical histories either in isolation or in combination with financial and/or non-medical concerns, seeking appropriate guidance from the medical director or team director, as needed.

Maintain favorable relationships with the field.

Communicate with broker/partners the company position/decision on cases in a positive empathetic manner so as to foster confidence in the decision and encourage future business from the distribution system.

Provide counsel and advice to agency offices regarding submission and placement of business.

Identify process changes to improve customer experience.

As required, communicate with reinsurers on cases.

Approve Applications for policy issue within the following limits: Underwriting Approval Authority: Maximum $10,000,000 all ages/ratings.

Consistently meet or exceed productivity and quality guidelines established by the department or team.

Assist the immediate manager with any special departmental projects at her/his direction.

Provide members of management with information and possible solutions regarding issues which affect the team, its agencies, or the department as a whole.

Make suggestions regarding the increasing of approval authority of underwriters who refer cases.

Provide additional training where needed.

May be involved with training underwriting team on underwriting topics, specifically related to financial underwriting.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Underwriting experienceFinancial underwritingMedical terminologyApproval authorityCoachingPC knowledgeMentoringProcess improvement mindsetTeam huddlesLogical thought processesCompliance regulations

Required

BS/BA degree preferred or applicable experience.

FLMI, FALU or CLU designation required or progress actively being made towards obtaining.

Minimum 10 years of underwriting experience, including large case underwriting and substandard cases.

Current approval authority of at least $7,000,000.

Proficient in complex financial underwriting for personal income replacement, estate planning, and business insurance including key person, buy/sell, stock redemption, and self-employed business owned coverage.

Knowledge and understanding of personal and business tax returns, balance sheets, income statements, buy/sell agreements, etc.

PC knowledge to include Word, Excel, and PowerPoint.

Knowledge of medical terminology and business financial documents.

Production & quality oriented.

Ability to make real time, independent decisions regarding life insurance applications.

Effectively utilize available resources.

Document cases and thought process.

Review more complex personal and financial cases.

Coach & mentor less experienced underwriters in the department, including second signature responsibilities.

Demonstrate understanding on the reinsurance process.

Agile & process improvement mindset.

Innovative & data driven.