Executive Underwriter

Employer
MassMutual
Location
Annapolis, MD
Posted
Sep 13, 2021
Closes
Sep 15, 2021
Ref
86523838
Function
Executive
Industry
Insurance
Hours
Full Time
We are seeking a virtual Executive Underwriter to join our team. You'll be tasked with underwriting life insurance in a fast-paced, diverse work environment that is inclusive and values different experiences, backgrounds and knowledge.**Role and Responsibilities**+ Work with peers and reinsurance partners on Ultra-High Net Worth cases (US Citizen and Non-US Citizen) in excess of $20 million and as large as $165 million.+ Use strong reinsurance negotiation skills.+ Working knowledge of premium financing, facultative, pro athlete, etc. of significant value.+ Evaluate and handle all underwriting aspects of formal & informal life insurance applications+ Determine whether to accept, modify, or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazard, and financial background+ Deliver the best offer first to drive the sale and not only a decision.+ Provide efficient, quality service to third party firms, their staff and their advisors+ Communicate effectively with customers to explain underwriting decisions and facilitate placement of business+ Understand underwriting policies, guidelines, practices and procedures+ Influence and champion changes to improve processes while maintaining mortality expectations+ Tailor communication style to fit a variety of target audiences, ie agency, new business personnel and foster relationships with advisors and third party partners+ Collaborate effectively with stakeholders to gather information necessary for decision making and to select profitable risks+ Provide consultations with third party firms to resolve, rate questions and discrepancies, or risk related concerns. Consider total case financials, relationship and value of customer+ Leverage interpersonal and emotional intelligence skills to develop relationships with key business partners across this competitive landscape, which can be relied on to inform decisions and communicate underwriting decisions+ Able to independently work assigned requests with minimal direction. Comfortable with ambiguity.+ Build trust and foster strong rapport with colleagues, business partners, and third party customers**Required Qualifications**+ High school diploma or GED+ 7+ years life insurance underwriting experience with over $5 million life approval limit.+ Expert knowledge of all aspects of risk selection (medical, non-medical, financial)+ Mastery of key underwriting concepts, best practices, and procedures including identifying exposures to loss, material hazards, and implementation of necessary risk management controls+ Strong knowledge of UW administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality and the keen ability to position with brokers and sales partners.+ Demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team environment+ Ability to think critically, problem solve using data to drive toward resolution+ Positive, inclusive, agile, and collaborative mindset+ Strong verbal and written communication skills**Preferred Qualifications**+ Bachelors degree+ 10+ years underwriting experience (most current 3+ years on life insurance)+ $10+ million life approval limit without second sign (all ratings, ages) including 3+ years on third-party life insurance experience+ Term and permanent life insurance underwriting+ Knowledge of disability underwriting+ Third party distribution, banks or wire house underwriting experiences+ Reinsurance experience+ Industry exams completed, ie FMLI, FALU, CLU, ChFCSalary Range $125,900 - $145,800 w/ annual bonus opportunity**Commensurate with experience**\#LI-Remote\#LI_MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status._

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