Pacific Life

Senior Underwriting Consultant

Ohio, United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

Requirements

Candidates should have 7-10+ years of Life Insurance Underwriting experience with proven proficiency in underwriting processes and philosophies. An established approval authority of $10M is required, along with the ability to work with multiple distribution channels and multiple products. Effective written and verbal communication skills with the ability to build relationships both internally and externally are necessary, as is the ability to develop specific goals, plan, and prioritize work. A Bachelor's Degree, experience underwriting Policy Changes and Reinstatements, an understanding of how life insurance is utilized to support Executive Benefit plans, and experience underwriting corporate-owned and corporate-sponsored life insurance are considered advantageous. Completion of FLMI and FALU designations are also preferred.

Responsibilities

The Senior Underwriting Consultant will review and analyze prospects to determine eligibility for Guaranteed Issue/Simplified Issue and prepare offer letters for Multilife business. They will evaluate medical, non-medical, and financial information to provide sound and competitive risk assessment on Policy Change, Reinstatement, and Multilife applications within review and signature authority. The role involves consulting with superiors or the medical department concerning complex risk situations and providing underwriting review for contestable death claims as needed. Additionally, they will develop and maintain strong relationships and open communication with field personnel to facilitate submission of business, promote trust, and make it easy to do business with Pacific Life, while demonstrating dependability, organization, and sound judgment by adhering to schedules and meeting all productivity, quality, and performance standards.

Skills

Underwriting
Risk Assessment
Life Insurance
Medical Information Analysis
Financial Information Analysis
Guaranteed Issue
Simplified Issue
Offer Letter Preparation

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters
1868Year Founded
$189.4MTotal Funding
N/ACompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Paid Vacation
Paid Parental Leave
Adoption Assistance
401(k) Retirement Plan
401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.
Potential financial exposure from significant real estate investments.
Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.
Recognized as a top community-minded company, enhancing brand reputation and trust.
Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.
Enhanced annuity products offer flexibility and growth, increasing product attractiveness.
Strong real estate financing position opens more sector opportunities.

Land your dream remote job 3x faster with AI