Chief Underwriter

Company: AAA Life Insurance Company
Location: Livonia
Posted on: May 25, 2023

Job Description:

Overview
Are you an experienced Life Underwriter ready for an opportunity to be a part of our growing team?
We are looking for a Chief Underwriter to join our team as we implement exciting underwriting technology and innovation into our practice. This role, in collaboration with our internal Risk Management team and external Reinsurance partners, will provide leadership and direction for the development and implementation of underwriting guidelines and processes, as well as short and long-term underwriting strategies. The Chief Underwriter will also recommend and implement changes to enhance profitable growth and ensure mortality pricing and risk assumptions are met.
The ideal candidate is proficient in all areas of risk selection including monitoring adherence to underwriting guidelines and has experience effectively discussing and making recommendations for high-risk cases.
Responsibilities

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• Identifies underwriting staff and field training needs and identifies/develops programs to address those needs in conjunction with the Medical Director. Works collaboratively with the team to create positive and productive relationships with AAA Life field partners.
  
• In partnership with Risk Management works to establish effective underwriting guidelines and an approach that supports product mortality assumptions and expenses. This includes supporting the creation and maintenance of programs that assist underwriting through technology such as the utilization of a rule approach to achieve efficiency and profitability.
  
• In conjunction with Risk Management, evaluates results and effectiveness of underwriting requirements, such as laboratory, APS, and MVR data, and recommends modifications based on findings. Establishes requirements that support programs.
  
• Has responsibility for providing approval authorities to all underwriters based on their experience, knowledge, and skill. Communicates approval authorities and maintains centralized documentation of all authorities and archived history.
  
• Serves as the primary underwriting contact for reinsurance partners. Coordinates reinsurance audits, reviews and responds to audit inquiries, and reports findings to the risk committee and senior management.
  
• Communicates with underwriters, managers, actuaries, reinsurance partners, and field agents regarding complex cases.
  
• Participates in ongoing mortality risk committee meetings representing underwriting as a subject matter expert and prepares for future product launches, providing insight and preparing presentations as needed.
  
• Corresponds with reinsurance partners and vendors proactively to establish policy, research-underwriting trends and grow partnerships.
  
• Responsible for management and leadership of the Medical Director position, referral underwriting team, and post-issue investigations team.
  
• Identifies underwriting staff training needs and identifies/develops programs for their professional development to foster improved productivity, and quality and prepare for the future. Monitors the underwriting staff's adherence and understanding of risk selection through testing, audits, and case reviews. Provides regular performance feedback to underwriters and managers.
  
  Qualifications
  
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  • Bachelor's degree preferred or equivalent Underwriting specific experience.
    
  • Minimum of 10 Years + Life Underwriting Experience
    
  • Industry education such as FLMI, ACS, CLU, or FALU
    
  • Past approval authority more than $3 million; all ages and rate classes
    
  • Proficient EKG interpretation skills
    
  • Proficient analytical skills to analyze data, identify trends and make recommendations.
    
  • Strong organizational, prioritization, and problem-solving skills
    
  • Experience successfully mentoring other professionals.
    
    For the states of California, Colorado, New York and Washington the pay scale is $128,386 to $192,580

Keywords: AAA Life Insurance Company, Livonia , Chief Underwriter, Other , Livonia, Michigan