Penn Mutual

Penn Mutual

Lead Underwriting Consultant

Remote - United States

Sponsorship not specified$125k-$165kDetected 30 days ago
ResearchCommunicationUnderwriting

About the role

  • Job Description: Underwrites and oversees the selection of risk of large complex life applications.
  • We've embraced a flexible, hybrid approach to work.
  • Based on your role and personal preference, we empower you to choose where you work best.

Responsibilities

  • Participates in business planning to support product, program and policy developmental efforts. Participates in department initiatives
  • May assist with training and developing underwriters.
  • Manages retention.
  • Maintains profitable mortality experience.
  • 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.
  • Maintains positive and effective relationships with internal and external partners.
  • Performs other duties as assigned.

Requirements

  • College degree required, equivalent work experience in life Underwriting may be considered Required and
  • FLMI, FALU and ACS designations or current coursework toward earning certificates Required
  • 7-10 Years underwriting experience Required

Skills

  • Highly developed knowledge of underwriting function
  • General awareness of current affairs, industry issues and trends, both corporate and external.
  • Solid knowledge of insurance contract law and state legislative requirements.
  • Strong knowledge of insurance products (plans, riders, benefits) and illustrations and how they are marketed.
  • Familiarity with chronic illness underwriting or long-term care rider principles, including strong knowledge of morbidity
  • Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
  • Thorough understanding of automatic reinsurance agreements.
  • Highly developed knowledge of medical science, technology and terminology and their impact on mortality.
  • Highly developed knowledge of financial and other non-medical underwriting factors.
  • Thorough knowledge of financial and non-financial underwriting factors.
  • Thorough knowledge of product pricing.
  • Strong organizational, communication and interpersonal skills.

Compensation

  • Range - $125,000 - $165,000
  • This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment.

Benefits

  • Analyzes qualitative and quantitative data and provides approval for risk selection and acceptance, coverage, and pricing.
  • Evaluate life insurance applications, including those with chronic illness riders, with a focus on both medical and financial risk assessment.
  • Analyzes and interprets medical, non-medical and financial information.
  • Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.

Equal opportunity

  • Penn Mutual is committed to Equal Employment Opportunity (EEO).

Visa & Work Authorization

  • This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status,
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This listing is sourced directly from Penn Mutual's careers page and normalized into a canonical job model.