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Fort Washington Investment Advisors, Inc. · 1 day ago

Senior Life Insurance Underwriter

US-OH-CINCINNATI

Full-time

Onsite

Senior Level

5+ years exp

Fort Washington Investment Advisors, Inc. is seeking a Senior Life Insurance Underwriter to independently evaluate and classify risks on life insurance applications. This role involves underwriting life insurance applications, discussing cases with sales associates, and ensuring compliance with federal and state regulations.

Financial Services

Responsibilities

Review life applications, policy change requests, and reinstatements for completeness and accuracy, ensuring underwriting rules, philosophies, laws and practices are followed

Evaluate medical, financial, and non-medical information, as developed, to determine the risk classification according to company guidelines

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

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

Review and provide approval on cases completed by less tenured underwriters

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

Communicate clearly and provide accurate information verbally and in writing to the field force, vendors, reinsurers, various Home Office associates, etc., while following proper rules of punctuation, grammar, dictation, and style

Train new underwriters on processes, systems and underwriting philosophy. Develop and presents structured job-specific training as management directs, applying appropriate adult-learning principles

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

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

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

Performs other duties as assigned

Complies with all policies and standards

Qualification

Life insurance underwritingMedical terminologyAnalytical skillsFinancial underwritingLOMA designationsNegotiation skillsCommunication skillsAttention to detailWord processingSpreadsheet applicationsOrganizational skills

Required

5 years experience as a life insurance underwriter

1 year experience as a Nurse Practitioner or equivalent position

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

Preferred

College degree or relevant underwriting experience

Demonstrated knowledge of medical terminology

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

Proven ability to successfully demonstrate strong financial and medical underwriting skills

Working knowledge of word processing and spreadsheet applications