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Sammons Financial Group Companies · 6 hours ago

Sr. Underwriter

Sioux Falls, SD

Full-time

Hybrid

Mid, Senior Level

$68K/yr - $113K/yr

4+ years exp

Sammons Financial Group Companies is seeking a Senior Underwriter to evaluate applications for life insurance and classify risks while promoting additional sales. The role involves collaborating with agents, managing case evaluations, and providing guidance to Case Managers to ensure effective underwriting processes.

FinanceFinancial ServicesRetirement

Growth Opportunities

No H1B

U.S. Citizen Only

Hiring Manager

Theresa Sherry

Responsibilities

Evaluate applications for life insurance to classify risks by using company risk selection standards while promoting additional sales of quality business

Obtain the information necessary, based on the circumstances of each case, to evaluate each proposed insured’s qualification for the plan and amount of life insurance applied for

Call the Agent on every case where an adverse underwriting decision is involved to explain the reason and discuss alternatives, including the use of facultative reinsurance

Help Regional Sales Directors and MGAs build their business by leading customized Game Plans and attracting new producers

Initiate communication with agents and providers to facilitate the application and policy issue process; use the most effective means of communication available - telephone, facsimile, electronic mail, etc

Direct Case Managers in obtaining required information and in providing information to agents, other employees and service providers

Provide guidance to the Case Manager in screening applications for Jet Issue

Take final action on cases as authorized by the Manager, Underwriting pertaining to case size and mortality class; refer cases outside authorized limits to underwriting personnel with the requisite authority

Handle an assigned workload as determined by the Manager, Underwriting

Assist the Manager, Underwriting as directed in handling problems and questions from agents, applicants or policyholders, regulatory authorities and service partners

Assist Underwriter Trainees, Underwriters and other staff in the training required to meet performance objectives

Acquire and expand medical and non-medical knowledge as it relates to risk classification in order to fairly evaluate applications in a timely manner

Establish and maintain internal contacts to facilitate answering questions related to submitted business, changes, conversions, reinstatement and agency or marketing matters

Develop professionally through ALU, CLU and other studies to improve skills and judgment and contribute to the Underwriting Department’s capability to maintain a leadership role in risk classification

Provide support to management on evaluations and progress reviews for Case Managers

Complete projects and audits as directed by the Manager, Underwriting

Be a leadership shadow for newer Underwriters and other employees in work excellence and Company loyalty

Adhere to Guiding Principles for the Underwriter as endorsed by Association of Home Office Underwriters

Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity)

As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands

Participate in other initiatives and/or projects as necessary

Qualification

Life insurance underwritingRisk selectionDecision-making abilityMedical risk factorsLOMA IIICoaching opennessCommunication skillsTeamwork skillsProblem-solving skillsPresentation skills

Required

Bachelor's Degree or equivalent industry related experience

4-6 years of life insurance underwriting with above average performance or approval authority of $2M or above

Specialized knowledge and experience in life underwriting and risk selection with proven decision-making ability

Knowledge of medical and non-medical risk factors and the ability to apply these factors in reaching the most favorable underwriting decision

Excellent decision making skills with the ability to solve problems innovatively to find ‘win-win' solutions

Strong verbal and written communication skills

Self-starter with excellent teamwork skills; ability to work independently to accomplish work goals and a willingness to sacrifice personal goals to help achiever overall team success

Superior ability to listen and be responsive to customers and who can sell difficult decisions while showing empathy

Desire and ability to effectively work with diverse personalities

Proven behaviors consistent with the Company Values: Openness, Integrity, Accountability, and Respect

Ability to be open to coaching and constructive feedback to become more effective and improve performance

Ability to assist Regional Sales Directors build their business by leading customized Game Plans and attracting new producers

Ability to conduct presentations

LOMA I and II

Criminal background check required

Preferred

FLMI

Benefits

Health

Dental

Vision

Company Paid Retirement

PTO

Holiday Pay

Employee Stock Ownership Plan (ESOP)

Incentive program for defined goals

Company

Sammons Financial Group Companies

Sammons® Financial Group Companies (collectively, Sammons Financial Group) provide today’s most sought after life insurance, annuity, and retirement products.

Founded in 1938

West Des Moines, Iowa, USA

1001-5000 employees