Sr. Underwriter

Job Description Summary

As a Senior Life Insurance Underwriter, you will play a critical role in facilitating the sale of life insurance by applying sound, cost-effective underwriting principles. You will assess risk and determine appropriate premium classifications based on a comprehensive evaluation of applicants’ health, financial background, occupation, travel, and lifestyle.

• Risk Assessment & Decision-Making
  • Evaluate new business, reinstatements, and coverage change requests.
  • Determine underwriting requirements and order necessary medical exams or assessments.
  • Analyze applicant data from various sources including MIB, medical records, financial documents, and motor vehicle reports.
• Stakeholder Communication
  • Collaborate with financial advisors, Insurance Planning Specialists, and Internal Sales Consultants.
  • Clearly communicate underwriting decisions and provide guidance on potential reconsiderations.
• Process Management
  • Balance workload, advisor expectations and the underwriting team for effective underwriting.
  • Document and update underwriting systems with accurate and timely information.
  • Refer cases to reinsurance or consult with the carrier’s Chief Underwriter or Medical Director as needed.
• Compliance & Documentation
  • Ensure underwriting decisions align with internal policies, industry standards, and regulatory requirements.
  • Draft correspondence including approval/decline letters, advisory memos, and confidential medical communications.
• Continuous Improvement
  • Participate in the development and refinement of underwriting policies, procedures, and systems.
  • Stay current on industry trends, legislation, and best practices.

• Experience & Education
  • Minimum 5 years of life insurance underwriting experience.
  • AALU designation required; actively pursuing FALU and/or FLMI preferred.
• Technical Expertise
  • Strong knowledge of medical and financial underwriting principles.
  • Proficient in interpreting underwriting manuals, legislation, and insurance product provisions.
• Skills & Competencies
  • Exceptional analytical and risk assessment skills.
  • Strong written and verbal communication abilities.
  • Proven leadership and mentoring capabilities.
  • Ability to manage complex cases and make sound, independent decisions.

• Work with a collaborative and experienced underwriting team.
• Opportunity to influence underwriting strategy and policy.
• Competitive compensation and benefits package.
• Support for continued professional development and certification.

Education

Bachelor’s:
Business Administration, Bachelor’s:
Finance, Bachelor’s:
Marketing

Work Experience

General Experience - 13 months to 3 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

• Grow professionally and inspire others to do the same.
• Work with and through others to achieve desired outcomes.
• Make prompt, pragmatic choices and act with the client in mind.
• Take ownership and hold themselves and others accountable for delivering results that matter.
• Contribute to the continuous evolution of the firm.

The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.