Consultant II – Underwriting Life – BGA Life Underwriter

Consultant II – Underwriting Life – BGA Life Underwriter

Requirements

• Undergraduate studies in medical related discipline, marketing, insurance, risk management, economics, finance or business management
• Ten years life underwriting experience
• Obtainment of AALU designation
• Participation in, or attainment of, professional/technical studies or designation such as the Chartered Life Underwriter (CLU) and Fellow of Life Management Institute (FLMI)
• EKG Certified preferred
• Understanding of the anatomy of the human body and disease processes
• Solid foundation for sophisticated financial underwriting
• Extensive knowledge of life underwriting principles and practices
• In-depth knowledge of anatomy, physiology, pathology, medical and non-medical risks as they relate to life insurance
• Excellent verbal and written communication skills for internal/external contacts
• Strong collaboration and presentation skills in individual or group settings
• Advanced analytical and critical thinking skills

Responsibilities

• Receives, evaluates and underwrites complex applications for life insurance
• Maintains in-depth knowledge of manuals, underwriting materials, rules, regulations, procedures medical factors and practices impacting mortality and morbidity underwriting
• Evaluates and accesses applications requiring additional evidence of insurability
• Develops a strong understanding of the accelerated underwriting process
• Evaluates, appraises and quantifies data derived from personal or business financial information
• Reaches terms on, coordinates, and negotiates both automatic and facultative reinsurance
• Consults with other underwriters on the team and accepts referred cases when designated
• Educates internal and external partners on underwriting process, practice and tools
• Works on special projects as assigned
• Meets and presents with field partners as needed
• Interprets electrocardiogram tracings received as evidence for life insurance applications
• Determines eligibility for temporary insurance and authorizes disbursement of policy refunds
• Consults with Chief Underwriter, Staff Underwriting, Senior Underwriting Consultants, and the Medical Director as the need arises
• Supports and assists in meeting goals and objectives for varying territories, special agent programs and contests
• Resolves challenges with effective solutions

Preferred Qualifications

• EKG Certified preferred
• Other criteria, including leadership skills, competencies and experiences may take precedence