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Fort Washington Investment Advisors, Inc. · 1 day ago

Senior Underwriting Consultant

US-OH-CINCINNATI

Full-time

Onsite

Senior Level

Fort Washington Investment Advisors, Inc. is a financial services company seeking a Senior Underwriting Consultant. This role involves evaluating and classifying risks for life, accident, and critical illness insurance applications, while mentoring underwriters and ensuring compliance with regulations.

Financial Services

Responsibilities

Independently determines the extent of the risk to the Company and assigns a classification

Independently evaluates underwriting requirements through a variety of correspondence, reports and forms

Determines if additional underwriting requirements in excess of the regular requirements (i.e., age/amount requirements) are needed

Makes underwriting decisions that produce claim results within the Company's mortality expectations

Determines appropriateness of applied coverage (i.e., sufficient financial justification, appropriate insurable interest)

Concurs on cases over the Underwriters' limit of authority

Completes file reviews on the Underwriters

Complies with federal and state rules and regulations (i.e., MIB, Fair Credit Reporting Act, blood testing, Replacements, 1035 Exchanges, etc.)

Communicates with field force, vendors, reinsurers, various Home Office associates, etc

Underwrites policy changes, reinstatements, rate reduction or removal

Gives proper direction to the New Business support staff and Underwriters

Serves in the lead position for the team on a periodic basis, communicating workflow to the group and other teams

Effectively works within a team composed of associates who are at various levels of experience and expertise in addition to various job levels

Periodically prepares procedures to be used in work-related procedural and training manuals, and also prepares formal reports in conjunction with department projects

Mentors underwriters regarding cases, customer service, relationships with agents and technical skills. Develops and presents structured job-specific training as management directs, applying appropriate adult-learning principles

Shares prepared cases studies with underwriting staff in order to develop the skills of the entire group

Maintains confidentiality of information including sensitive medical, financial, personal and payroll information

Makes presentations to sales schools and at seminars regarding underwriting practices

Builds relationships with peers within the industry to share best practices and benchmark underwriting guidelines

Collaborates with AVP & Chief Underwriter, Chief Underwriter and Medical Director on special projects

Acts as backup to AVP & Chief Underwriter or Chief Underwriter as needed

Performs other duties as assigned

Complies with all policies and standards

Qualification

Risk evaluationUnderwriting decisionsMedical terminologyFinancial underwritingLOMA designationsAnalytical skillsNegotiation skillsCustomer serviceWord processingSpreadsheet applicationsLeadershipAttention to detailCommunication skillsOrganizational skillsTeam collaborationFlexibilityTime management

Required

LOMA 280, 290, 311, 320, ACS-100 (Designation), ALU-1, ALU-2, FALU and/or CLU Designation and/or commensurate experience as outlined in the selection criteria section

Demonstrated experience evaluating risk and insurability on large face amount cases

Proven experience working in a customer-oriented field and effectively articulating information to clients in a patient and understanding manner while managing multiple tasks/issues involving clients

Proven examples from work experience of going beyond the call of duty to assist team members

Proven experience adapting and demonstrating flexibility associated with changes to policies/procedures

Demonstrated knowledge of medical terminology

Proven ability to successfully portray strong financial and medical underwriting skills

Demonstrated strong negotiation skills and experience 'selling' adverse decisions to producers in a clear, concise and positive manner that leaves producers feeling good about the decisions

Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolution

Demonstrated excellent verbal and written communication skills with ability to convey information to internal and external customers in a clear, focused and concise manner

Proven examples of handling difficult situations effectively while maintaining high volumes of work

Demonstrated ability to show leadership within a work group and mentor associates with various levels of experience

Demonstrated strong attention to detail with excellent organizational skills. Cite examples of organization and time management methods used to manage or prioritize workload demands

Working knowledge of word processing and spreadsheet applications