Lead Underwriting Consultant
Posted 2ds ago
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Job Description
Lead Underwriting Consultant overseeing risk selection and acceptance for large life applications at Penn Mutual. Focus on developing underwriting processes and maintaining profitability while ensuring adherence to standards.
Responsibilities:
- Analyzes qualitative and quantitative data and provides approval for risk selection and acceptance, coverage, and pricing.
- Analyzes quality and quantity of risks underwritten and prepares reports accordingly.
- Evaluate life insurance applications, including those with chronic illness riders, with a focus on both medical and financial risk assessment.
- Assists others with resolving complex issues while ensuring adherence to underwriting standards and objectives.
- Participates in business planning to support product, program and policy developmental efforts.
- Participates in department initiatives; assists in recommending/ implementing changes to improve productivity, profitability, growth and quality.
- Selects and classifies risks according to company philosophy and standards.
- May assist with training and developing underwriters.
- Manages retention.
- Maintains profitable mortality experience.
- Analyzes and interprets medical, non-medical and financial information.
- Make decisions within approval limits at 100% up to $15,000,000 standard to age 90.
- Determines appropriate requirements.
- Reviews and provides signatures on referrals from underwriters.
- Identifies and provides solutions to work related problems and issues.
- Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.
- Maintains positive and effective relationships with internal and external partners.
- Participates in major projects.
- Complies with all company and site policies and procedures.
- Remains current in profession and industry trends.
- Successfully completes regulatory and job training requirements.
- Performs other duties as assigned.
Requirements:
- College degree required, equivalent work experience in life Underwriting may be considered
- FLMI, FALU and ACS designations or current coursework toward earning certificates Required
- 7-10 Years underwriting experience Required
Benefits:
- Flexible work arrangements


















