What you will be doingโฆ
- Assess and evaluate insurance applications for life insurance policies to determine risk levels and premiums.
- Utilize underwriting guidelines and policies to make informed decisions on applications.
- Analyze medical records, financial documents, and other pertinent information to assess applicant risk.
- Calculate appropriate premiums based on risk assessment and underwriting guidelines.
- Ensure compliance with regulatory requirements and company policies throughout the underwriting process.
- Maintain accurate records and documentation of underwriting activities.
- Stay updated on industry trends, underwriting practices, and regulatory changes.
What you need to be successful...
- Bachelor's degree in finance, business administration, or a related field preferred.
- Minimum of 2 years of experience in life insurance underwriting.
- Strong analytic skills with the ability to interpret complex data.
- Excellent decision-making and problem-solving abilities.
- Detail-oriented with a focus on accuracy and thoroughness.
- Effective communication skills, both verbal and written.
- Ability to work independently and collaboratively within a team environment.
- Certification from relevant professional organizations (e.g., LOMA, ALU) a plus.
