Reinsurance Group of America, Incorporated · 6 hours ago
Director, Underwriting Innovation
Chesterfield, MO
Full-time
Remote
Lead/Staff, Director/Executive
$102K/yr - $151K/yr
9+ years exp
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Responsibilities
Provide underwriting innovation expertise and support to USIL and AURA Tech as part of the Underwriting Innovation Team.
Interpret sources of information and understand the requirements of underwriting programs, then develop and maintain severity scores and underwriting rules based on this information.
Work closely with RGA peers and with client companies to ensure business goals are met.
Serve as the primary resource for underwriting expertise and support while participating in research and development of new Digital Health Data (DHD) programs, pilots and ventures.
Underwriting SME for the DHD team interpreting underwriting guidelines and developing severity scores as they pertain to code sets. (Examples include ICD, PCS, HCPS, CPT, SnoMed, RxNorm, NDC, etc)
Responsible for researching, assigning and enhancing Rx Severities for RGA’s Rx Scoring system (the most developed part of RGA’s DHD services).
Expand scoring systems to include attributes, multi-variate and co-morbid as needed.
Work with USIL actuarial and GRD staff as the underwriting SME to develop and implement predictive models.
Perform or participate in client studies as needed to gain feedback, monitor success and identify and implement needed changes or enhancements.
Serve as the primary underwriting resource for clients on all US DHD initiatives.
Underwriting SME for projects involving underwriting innovation (Examples involve developing underwriting programs for Insurtech companies, exporting of US individual life underwriting offerings to other RGA lines of business or other countries, etc.)
Underwriting SME for inclusion of behavioral economics within underwriting programs
Provide underwriting expertise and support for USIL research and development of new underwriting programs and ventures.
Participate in underwriting studies as requested by USIL
Monitor existing e-underwriting programs, implementing enhancements as needed and providing client support.
Develop and continually refine RGA’s master rulesets using underwriting expertise.
Work closely with AURA project team and rules developers, providing underwriting direction and working to ensure that the underwriting approach agreed to works as designed and is in line with RGA’s underwriting philosophy.
Assist in documenting and tracking multiple versions of automated underwriting rules.
Provide guidance and mentoring to clients and colleagues regarding the rules development process and RGA’s underwriting philosophy and approach.
Work closely with the rest of UST to ensure that team goals are met.
Maintains regular and predictable attendance.
Performs other duties as assigned.
Qualification
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Required
Bachelor’s degree or equivalent work experience
7+ years reinsurance underwriting experience or 9+ years direct underwriting experience
Intermediate Word, SQL/Query and Excel skills
Advanced ability to comprehend and interpret insurance and contract documents
Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates
Advanced knowledge of broad business practices
Advanced persuasion and negotiating skills when working with clients to present quotes and/or solutions and to resolve issues/problems.
Advanced ability to lead change management
Advanced ability to liaise with individuals across a wide variety of operational, functional and technical disciplines
Highly advanced investigative, analytical and problem solving skills utilizing experience, research, guidelines and internal resources.
Advanced ability to manage multiple tasks and/or projects simultaneously, including the ability to handle changing priorities and deliverables.
Advanced ability to comprehend, analyze and apply vast amounts of medical and financial information quickly to making sound financial underwriting and risk assessments.
Advanced knowledge of insurance principles, underwriting policies and procedures and guidelines for dealing with risk analysis.
Advanced knowledge of medicine, law, accounting, finance as applied to the evaluation of life reinsurance risks and of life insurance risks.
Advanced knowledge of industry practices, trends and applications and the ability to communicate this knowledge to clients and apply it to meeting clients’ needs.
Ability to work well within a team environment and participate in department projects.
Advanced ability to foster a teamwork and customer service focused environment
Ability to work online, either at home or remote
Occasional travel required
Preferred
BS/ BA Science or Business
ACS, ALU, FLMI, FALU or CLU accreditation or progress towards accreditation
Benefits
Annual bonus plan
Long-term equity incentive plan
Full range of health, retirement, and other employee benefits
Company
Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$650M2024-05-08Post Ipo Debt· $650M
2008-12-18IPO
Leadership Team
Anna Manning
President & CEO
Tim Rozar
Senior Vice President, Chief of Staff to the CEO
Recent News
2024-11-21
Company data provided by crunchbase
