Senior Underwriting Consultant

Job Description:

Position Overview
The Senior Underwriting Consultant underwrites and oversees the selection of risk of complex life applications. Manages underwriting services to contribute to the achievement of financial objectives including profitability, production and persistency of clients; manages all aspects of the underwriting process.

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. This model allows you to balance your life and bring your whole self to work.

Responsibilities

• Selects and classifies risks according to company philosophy and standards.
• Helps to maintain profitable mortality experience.
• Analyzes and interprets medical, non-medical and financial information.
• Make decisions within approval limits up to $10,000,000, ages up to age 79, substandard approval limit up to 500%; limits established based on experience.
• Determines appropriate requirements.
• Communicates and collaborates with the field and home office to provide the highest quality service levels to customers.
• Manages retention.
• Reviews and provides co-signatures on referrals from other underwriters.
• Participates in projects.
• Assists with developing initiatives for revision and updating of underwriting practices.
• Identifies and assists in providing solutions to work related problems and issues.
• Acts as an information resource and assists with training and development of less experienced underwriters.
• Maintains positive and effective relationships with internal and external partners.
• 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.

Skills and Abilities

• Highly developed knowledge of underwriting function
• 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.
• Strong organizational, communication and interpersonal skills.
• Thorough understanding of automatic reinsurance agreements.
• 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.
• Strong knowledge of reinsurance marketplace to work proactively with the field where reinsurance is an opportunity.
• Thorough knowledge of product pricing.
• Strong analytical kills, ability to define, research and resolve problems.
• Excellent knowledge of mainframe and PC environment.
• Ability to create and maintain customer relationships.
• Ability to prioritize and work effectively under deadlines balancing published service times with an appropriate customer focus.
• Ability to comprehend, retain and apply current technical information to daily work issues.
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement.
• Ability to work with others in a collaborative team environment.

Education

• College degree required, equivalent work experience in life Underwriting may be considered Required and
• FLMI, ALU and ACS designations or current coursework toward earning certificates Required

Experience

• Minimum 6 - 8 years underwriting experience Required

Base Salary Range: $120,000-$130,000

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit www.pennmutual.com.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. 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. All employment-related decisions and practices are free from unlawful discrimination. 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, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.