Note: The job is a remote job and is open to candidates in USA. American Modern Insurance Group is part of Munich Re, a leading reinsurance company. They are seeking a Life Underwriting Consultant to evaluate facultative reinsurance applications for life insurance, ensuring quality risk assessments and timely decisions for client companies.
Responsibilities
- Using independent judgment with the manual as a guide only, medically, nonmedically and financially evaluate facultative reinsurance applications for life insurance with competitive and quality decisions using the manual as a guideline
- Recognize pertinent risk factors and understand insurable risk and financial justification to make strong decisions; ensure appropriate documentation to support these decisions
- Keep up with mortality trends and industry underwriting practices of both clients and competitors. Maintain current understanding of client’s personnel and their business practices
- Provide value added services to clients including providing prompt responses to telephone inquiries, emailed questions
- Provide prompt handling of facultative new business and additional requirements
- Provide reasons for underwriting decision and explanation to client underwriter. Have the ability to defend and sell your decision so the client underwriter is confident when presenting the decision to the financial representative
- Represent and promote Munich Re with phone contact, at industry meeting business travel to client’s offices and participating on external reviews/audits
- Co-sign cases for team members
Skills
- Bachelor's Degree with 8-10 years of life and/or disability underwriting experience including direct life insurer preferably in the brokerage distribution market
- Strong knowledge of medical terminology, anatomy and physiology
- Impaired/substandard risk experience
- Strong medical, nonmedical and financial risk assessment abilities
- Aptitude for approving greater mortality risk assumptions and cosign work of others
- Ability to understand insurance contracts as well as legal process and various products offered in the US life market
- Demonstrated client or agent face to face skills
- Participation on team projects required
- Reinsurance underwriting experience preferred with industry related designation achieved (ALMI, FLMI, AALU, FALU, CLU), or shows commitment to continuing professional education
- Ability to read electrocardiograms preferred
- Presentations or published article experience
Benefits
- Comprehensive Medical Plans
- PTO and Family Leave
- Retirement Savings Plans
- Dental and Vision Plans
- Life and Disability insurance
- Employee Assistance Program
- Adoption Assistance
- Wellness Programs - Calm, WW, SoFI, Virgin Pulse
- Commuter Benefits
- FSA and HSA Plans
- Hospital Indemnity, Critical Illness and Accident Plans
Company Overview
American Modern companies provide insurance solutions for customers. It was founded in 1994, and is headquartered in Amelia, Ohio, USA, with a workforce of 1001-5000 employees. Its website is https://www.amig.com/.