Senior Underwriter

Responsibilities

• Review insurance application files for new business, reinstatements and coverage change requests
• Establish and maintain effective relationships with producers, including communicating the underwriting decision
• Balance investigative costs for tests/assessments versus risk management requirements to make informed underwriting decisions and determine steps to be taken to fully evaluate the application, including identifying additional required information and/or professional resource assessment reports
• Order required medical tests/assessments, as required. Arrange for any additional required assessments from professional resource contacts and contact the producer to obtain missing application information
• Efficiently document the applicant file on the Underwriting systems as additional information is received. Code and enter data from received medical reports to the information system
• Finalize the underwriting decision within approval limits as assigned by the Chief Underwriter, carefully distinguishing standard from preferred and preferred plus risks, and authorize issues of the new or revised insurance certificate for approval applications
• Initiate processes to refer application files for reinsurance as required
• Work with the Medical Director on cases as required
• Other projects and duties as assigned
• Key Qualifications
• A minimum of five (5) plus years of underwriting experience
• Achieved AALU and working towards FALU/FLMI designations
• Strong medical and financial underwriting knowledge
• Experience with simplified issue and final expense type products
• Strong knowledge of underwriting theory, principles, methods, systems, processes and standards attained from Part One of the Academy of Life Underwriting program and underwriting experience
• Consultation skills to make consistent and appropriate underwriting decisions within Foresters policies and standards
• Consultation and communication skills to request information from a broad range of resources/professionals as required
• Knowledge of the interpretation and application of underwriting legislation and regulations across the US
• Knowledge of the Foresters purpose, goals and objectives to ensure compliance of decisions with Foresters policies and standards
• Ability to learn and understand in detail, Foresters insurance products and contact provisions to review and assess applications in order to make effective underwriting decisions
• LI-Remote
• Salary Range:
• $71,500 - $104,500 USD
• Travel to Head Office, Toronto, Ontario, Canada will be required.
• Salary Range:
• $71,500.00 - $104,500.00
• The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.
• Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.
• Equal

Benefits

Additional Information

Career Opportunity Role Title Senior Underwriter Purpose of role The Senior Underwriter is responsible for underwriting life insurance application using universally recognized underwriting principles by evaluating health, financial, lifestyle and other risk factors to determine the appropriate underwriting rate class, while managing and maintaining service levels and acceptable mortality results. The incumbent will work closely with and establish strong relationships with company stakeholders including New Business, Actuarial, Claims, and Distribution. Job Description

Your Match

How well this role fits your profile.

Company Intel

What employees say

Worked at foresters? Share your experience