Technical Underwriter, Insurance Innovation
BestowFull Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
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.
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.