Underwriting Analyst
The Underwriting Analyst will have responsibility to design and implement automated underwriting rules and guidelines that are necessary to support the sales and profitability of life product portfolio. The primary focus of this role is on implementing innovations in life underwriting with respect to data sources, data analytics, automation, processes and programs. Additionally, this position will have some responsibility doing work in production underwriting and / or post issue management.
Duties and Responsibilities
- Evaluate and determine the impact on mortality of current and emerging risk selection requirements and tools
- Monitor production reports and metrics; collaborate with underwriting and operations staff to improve results.
- Provide underwriting expertise to data warehouse initiatives; support efforts to use data to develop leading indicators of mortality
- Support efforts in moving F&G towards automated and rules-based underwriting; drive initiatives as assigned
- Write underwriting rules for automated systems, audit and maintain rules sets
- Review and evaluate life insurance applications to assess risk in accordance with company guidelines as needed
- Make decisions on policy issuance, rating or decline within designated authority
- Identify opportunities to improve department performance and escalates ideas to leadership
- Work with Operations and Underwriting Analysts to socialize and implement enhanced and new underwriting methods
- Work with IT and vendors when necessary to adjust rules or implement new rules
- Work with data analytics and actuarial team to monitor and analyze results of underwriting automation efficacy of data utilization in underwriting
Experience and Education Requirements
AA degree required; BA degree preferredRelevant experience considered in lieu of degree3+ years of Life Underwriting experience including familiarity with metrics analysis, underwriting data sources and toolsExperience evaluating underwriting data sources and solutions, underwriting rules writing and solutions implementation a plusKnowledge, Skills & Abilities
Understands how respective coverage area operates within the context of the industryAbility to quickly process information and develop solutions in real-time, with practical, measurable business benefitsProactively identifies opportunities to serve the customerAbility to read a wide range of audiences and situations and quickly adjusts communication style accordingly; selects appropriate communication channel and tone to deliver tough messagesAbility to coach and mentor colleagues on digital techniques and accelerators used at F&GSeeks opportunities to cultivate relationships with established contacts in their networkProvides guidance on what information to gather to achieve business objectives and how to efficiently obtain information that is not easily availableExpected to provide regulatory subject matter expertise in area of focusOther Requirements
Perform other functions, duties and projects, as assignedRegular and punctual attendanceSome travel required (less than 5%)