Life Underwriting Consultant
MassMutualPhoenix, Arizona, USjob_description.job_card.variable_days_ago
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job_description.job_card.job_descriptionHigh school diploma or GED 3+ years life insurance underwriting experience Minimum established life insurance underwriting authority limit of $3 million 3+ years of expert knowledge of all aspects of risk selection (medical, non-medical, financial) 3+ years of knowledge of key underwriting concepts, best practices, and procedures including identifying exposures to loss, material hazards, and implementation of necessary risk management controls 3+ year knowledge of UW administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality and the keen ability to position with brokers and sales partners. 5+ years underwriting experience with a minimum life insurance authority limit of $5 million Term and permanent life insurance underwriting Third party distribution, banks or wire house underwriting experiences Reinsurance experience Industry exams completed, i.e. FLMI, FALU, CLU, ChFC Demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team environment Ability to think critically, problem solve using data to drive toward resolution Positive, inclusive, agile, and collaborative mindset Strong verbal and written communication skills
The Opportunity
We are looking for a virtual Life Underwriter to join our team, tasked with underwriting life insurance in a fast-paced diverse work environment that is inclusive and values different experiences, backgrounds, and knowledge.
The Impact
- Evaluate and handle all underwriting aspects of formal & informal life insurance applications
- Determine whether to accept, modify, or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazard, and financial background
- Deliver the best offer first to drive the sale and not only a decision.
- Provide efficient, quality service to third party firms, their staff and their advisors
- Communicate effectively with customers to explain underwriting decisions and facilitate placement of business
- Understand underwriting policies, guidelines, practices and procedures
- Influence and champion changes to improve processes while maintaining mortality expectations
- Tailor communication style to fit a variety of target audiences, i.e. agency, new business personnel and foster relationships with advisors and third party partners
- Collaborate effectively with stakeholders to gather information necessary for decision making and to select profitable risks
- Provide consultations with third party firms to resolve, rate questions and discrepancies, or risk related concerns. Consider total case financials, relationship and value of customer
- Leverage interpersonal and emotional intelligence skills to develop relationships with key business partners across this competitive landscape, which can be relied on to inform decisions and communicate underwriting decisions
- Able to independently work assigned requests with minimal direction. Comfortable with ambiguity.
- Build trust and foster strong rapport with colleagues, business partners, and third party customers
Minimum Qualifications
Preferred Qualifications
LI-Remote
LI-JA1
Salary Range :
92,800.00-$121,800.00
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
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Underwriting Consultant • Phoenix, Arizona, US