Underwriting Consultant

Overview

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.

We’re a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand. By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better.

The Underwriting Consultant will select risks profitable to the Company while promoting a competitive offer for the agent and equitable results for the applicant. Review, analyze and classify new business, change and reinstatement applications, trial applications and inquiries in a timely and accurate manner. Leverage experience to assist in the development of less experienced underwriters. Be a trusted member of team for broker/partners.

Be viewed as a leader and “Go To” person by teammates. Act as a referral underwriter for less experienced underwriters.

• Review life insurance applications within the limits of authority, including all underwriting requirements and other evidence of insurability to determine acceptability and to detect and deter attempts to defraud the company.
• Order only additional requirements which are appropriate and necessary for the assessment of the risk.
• Make appropriate decisions on cases within approval authority. Through the referral process, recommend specific course or action or final decision on applications which are outside approval authority or where the complexity exceeds the individual experience level.
• Maintain favorable relationships with the field. Communicate with broker/partners the company position/decision on cases in a positive empathetic manner so as to foster confidence in the decision and encourage future business from the distribution system. Provide counsel and advice to agency offices regarding submission and placement of business.
• Identify process changes to improve customer experience.
• As required, communicate with reinsurers on cases.
• Approve Applications for policy issue up to $5,000,000 for all ages and ratings.
• Consistently meet or exceed productivity and quality guidelines established by the department or team.
• Assist the immediate manager with any special departmental projects at her/his direction.
• Provide members of management with information and possible solutions regarding issues which affect the team, its agencies, or the department as a whole.
• Make suggestions regarding increasing the approval authority or additional training of underwriters who refer cases.

Education BS/BA degree or applicable experience. FLMI, FALU or CLU designation preferred Experience/Knowledge Minimum 8 years of underwriting experience, including large case underwriting and substandard cases Skills PC knowledge to include Word, Excel, and PowerPoint Knowledge of medical terminology and business financial documents Production & quality oriented Ability to make real-time independent decisions regarding life insurance applications Effectively utilize available resources Document cases and thought process Review more complex personal and financial cases Coach & mentor less experienced underwriters in the department, including second signature responsibilities Demonstrate understanding of the reinsurance process Proficient in financial underwriting, including underwriting business cases Agile & process improvement mindset Innovative & data driven Proficient in understanding the reinsurance process, including when cases need to be submitted and how to do so Able to demonstrate advanced technical…