AAA Life Insurance Company
Senior Life Underwriter
AAA Life Insurance Company, Livonia, Indiana, United States,
Overview:AAA Life is looking to hire a highly experienced Senior Life Underwriter to analyze, evaluate, and classify risk for life insurance applications in accordance with established underwriting policies. They will handle escalations, complex case underwriting, complaint resolution, and active involvement in procedure development.
Responsibilities:
Reviews for acceptance or denial life applications with face amounts up to $5,000,000 fully underwritten to age 85, with a substandard approval authority; and all simplified products for all face amounts and all ages.
Interprets MIB codes, and prepares data and reports to the Medical Information Bureau, which involves knowledge of MIB code meanings and procedures. May resolve MIB disputes and corrections or requests for additional information and follow up.
Verifies that appropriate application signatures and underwriting authorizations have been obtained and are valid. Reviews applications for accuracy and completeness.
Determines and assures that appropriate information necessary to fulfill underwriting requirements has been requested such as re-examinations, special exams, medical reports, database research, investigations, and laboratory studies.
Reviews all requested additional information, evaluates medical history, complex financial information, and approves or denies applications.
Assists with contract change and reinstatement underwriting.
Follows all department policies, procedures, and processes to maintain or improve quality standards that ensure proper mortality experience. May assist with quality monitoring and audits on occasion.
Establishes a collaborative relationship with agents/field management, applicants, vendors, other business units, and managers to ensure sales goals are maximized.
Initiates communications by letter, telephone, or personal contact with sales agents, applicants, and professional personnel to obtain additional data and communicate decisions.
Refers cases outside prescribed approval authority to chief underwriters, underwriting consultants, or managers for review as needed.
Consistently meets established productivity and quality expectations for the position.
Demonstrates commitment to career development by actively participating in AAA sponsored training opportunities and independent industry programs to ensure industry knowledge is current and maintained.
Prepares presentations for underwriters or sales agents that assist with training and development.
Rates and authorizes applications up to the designated amount.
Performs special projects (research procedural or form changes, reviews files of Sales Representatives, handles complaints or problems, etc.) as assigned.
Provides training and serves as a mentor for less experienced underwriters.
Understands and efficiently utilizes all current systems and technologies.
Assists with managing workflow to ensure the team is meeting processing standards.
Recommends changes to procedures or workflow to increase efficiency and reduce processing costs.
Assumes some of the management duties in the absence of the Life Underwriting Manager.
Qualifications:
Bachelor's Degree or medical certification and/or equivalent work experience.
LOMA 280/281, LOMA 290/291, LOMA 301, ALU 101, ALU 201 required.
ALU 202 and ALU 301, LOMA 320 preferred.
7 years’ experience as a life insurance underwriter with an authority limit of up to $5,000,000 across all rate classes and all ages.
Significant knowledge and understanding of insurance contracts, medical impairments, financial documents, and underwriting tools used.
Expertise in the legal aspects of risk selection and other factors pertaining to acceptability and assessment of life insurance applications.
Fluent in the reinsurance process and maintains good relationships with reinsurance partners.
Expert understanding of MIB (Medical Information Bureau) rules and procedures.
Detailed knowledge of the sales process, distribution channels, and product lines.
Analytical and mathematical abilities required.
EKG interpretation skills preferred.
Benefits:We offer a variety of social programs, flexible work hours, and family-friendly benefits to all of our employees.
Pension and Retirement Plans
Medical, Dental, and Vision Coverage
Paid Time Off
Paid Parental Leave
401K
Support for Community Involvement
Job Type: Full-time
PM21
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Responsibilities:
Reviews for acceptance or denial life applications with face amounts up to $5,000,000 fully underwritten to age 85, with a substandard approval authority; and all simplified products for all face amounts and all ages.
Interprets MIB codes, and prepares data and reports to the Medical Information Bureau, which involves knowledge of MIB code meanings and procedures. May resolve MIB disputes and corrections or requests for additional information and follow up.
Verifies that appropriate application signatures and underwriting authorizations have been obtained and are valid. Reviews applications for accuracy and completeness.
Determines and assures that appropriate information necessary to fulfill underwriting requirements has been requested such as re-examinations, special exams, medical reports, database research, investigations, and laboratory studies.
Reviews all requested additional information, evaluates medical history, complex financial information, and approves or denies applications.
Assists with contract change and reinstatement underwriting.
Follows all department policies, procedures, and processes to maintain or improve quality standards that ensure proper mortality experience. May assist with quality monitoring and audits on occasion.
Establishes a collaborative relationship with agents/field management, applicants, vendors, other business units, and managers to ensure sales goals are maximized.
Initiates communications by letter, telephone, or personal contact with sales agents, applicants, and professional personnel to obtain additional data and communicate decisions.
Refers cases outside prescribed approval authority to chief underwriters, underwriting consultants, or managers for review as needed.
Consistently meets established productivity and quality expectations for the position.
Demonstrates commitment to career development by actively participating in AAA sponsored training opportunities and independent industry programs to ensure industry knowledge is current and maintained.
Prepares presentations for underwriters or sales agents that assist with training and development.
Rates and authorizes applications up to the designated amount.
Performs special projects (research procedural or form changes, reviews files of Sales Representatives, handles complaints or problems, etc.) as assigned.
Provides training and serves as a mentor for less experienced underwriters.
Understands and efficiently utilizes all current systems and technologies.
Assists with managing workflow to ensure the team is meeting processing standards.
Recommends changes to procedures or workflow to increase efficiency and reduce processing costs.
Assumes some of the management duties in the absence of the Life Underwriting Manager.
Qualifications:
Bachelor's Degree or medical certification and/or equivalent work experience.
LOMA 280/281, LOMA 290/291, LOMA 301, ALU 101, ALU 201 required.
ALU 202 and ALU 301, LOMA 320 preferred.
7 years’ experience as a life insurance underwriter with an authority limit of up to $5,000,000 across all rate classes and all ages.
Significant knowledge and understanding of insurance contracts, medical impairments, financial documents, and underwriting tools used.
Expertise in the legal aspects of risk selection and other factors pertaining to acceptability and assessment of life insurance applications.
Fluent in the reinsurance process and maintains good relationships with reinsurance partners.
Expert understanding of MIB (Medical Information Bureau) rules and procedures.
Detailed knowledge of the sales process, distribution channels, and product lines.
Analytical and mathematical abilities required.
EKG interpretation skills preferred.
Benefits:We offer a variety of social programs, flexible work hours, and family-friendly benefits to all of our employees.
Pension and Retirement Plans
Medical, Dental, and Vision Coverage
Paid Time Off
Paid Parental Leave
401K
Support for Community Involvement
Job Type: Full-time
PM21
#J-18808-Ljbffr