Underwriting Risk Audit Consultant

Underwriting Risk Audit Consultant I

Legal & General America

At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working at pace and energy to reach our goals, and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

Conduct real time audit file examination process for Underwriters at grades E5, E6, and E7. This includes audits of approved applications within our retention so that only those risks that adhere to Company standards are accepted thereby preserving the integrity of the mortality and the overall pricing; and conduct Post Issue APS (PIA) file reviews.

Provide quality review by identifying inconsistencies in the underwriting process or the criteria used by the underwriters for classifying risk.

• Identify risks not underwritten in compliance with company standards of underwriting. Report errors/infractions to VP, Underwriting Audit.
• Ascertain that all randomly selected approved cases are reviewed on a daily basis for compliance with Company standards of underwriting.
• Report to VP, Underwriting Audit any findings requiring further review or action by management.
• Communicate, as needed, with Underwriting Management where the file examination has uncovered noncompliance with Company standards of underwriting.
• Document results of file examinations, identifying specific areas of noncompliance or deficient underwriting.
• Provide recommendations to Underwriting Audit/Management as to potential weaknesses in underwriting training and deficiencies of individual underwriters.
• Provide quality control review to identify any administrative errors which affect the quality of the product being delivered to the consumer.
• Perform ad hoc audits on individual underwriters as requested by the Underwriting Management, and/or as directed by the Chief Underwriter or Chief Medical Director.
• Report to Underwriting Audit/Management any inconsistencies or deficiencies in the risk selection process that are identified during the file examinations.
• Complete other assignments/functions as directed.

BS/BA Degree Preferred Or Applicable Work Experience

Industry coursework (FALU, CLU, ChFC, LOMA)

Minimum 8 Years Of Individual Life Underwriting Experience

Working knowledge of Microsoft Word, Excel, Access, and Power Point

Working knowledge of underwriting and policy issue process

Extensive experience with large case and impaired risk underwriting.

Must be able to communicate/interface clearly and effectively at all levels in the organization

Possess highly effective problem solving skills

Be methodical and attentive to detail

Must possess highly effective interpersonal skills

The expected hiring compensation range for this position is $107,800 - $148,200 annually.
This is a remote opportunity, operating on EST.

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date.

This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.

We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and…