Job Description

General Purpose of Job

This position will provide subject matter expertise and direction on complex Underwriting projects and initiatives. This role will independently assess complex financial risks related to insurance products, determine price at which LFG accepts risks, alter coverage plans/levels, and bind LFG in transactions for insurance products. They will determine whether to accept or reject a risk based on their analysis of the customers information.

Duties and Responsibilities

Adds complex amendments/ACRs for his/her assigned lines of coverage and segment(s).
Adheres to departmental and compliance documentation & reporting requirements.
Analyzes complex customer data & information to independently determine the price, within a wider range of authority, at which to accept the risks posed by sales.
Analyzes financial health, performance, operations, and personnel levels of customers to determine if additional safeguards or conditions should be included in pricing and risk assessment.
Binds LFG in financial transactions within his/her scope of authority by committing LFG to provide insurance coverage at his/her determined rates.
Contributes to materials and/or conducts training on underwriting guidelines & procedures.
Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
Identifies and directs the implementation of process improvements that significantly improve quality across the team, department and/or business unit for their assigned area(s) of responsibility.
Independently determines if requests for coverage should be rejected based on his/her risk assessment.
Independently prepares and determines complex coverage & pricing proposals, renewals, amendments through analysis of customer data & information received from quote requests from brokers & marketing representatives.
Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assesses the impact, and collaborates with senior management to incorporate new trends and developments in current and future solutions.
May have direct reports or act as a team lead assisting management with team workload, reviewing appeals in the Core segment with 100-1000 lives, and handling case reviews of lower level underwriters.
Meets with brokers and sales teams to develop relationships, discuss target markets and potential pricing approaches to expand market share.
Negotiates complex benefits & pricing on non-experienced rated & experienced rated cases with brokers & representatives.
Participates in and/or leads other assignments and/or projects as needed during peak and off-season.
Provides direction on complex assignments, projects, and/or initiatives to build and enhance the capability of their assigned area(s) of responsibility.
Provides direction to operational teams to ensure accurate preparation of plans with appropriate coverage level(s) & pricing.
Provides mentoring and guidance on Core underwriting; acts as a subject matter expert in 2 or more lines of coverage and/or customer segment.
Provides subject matter expertise to team members and applicable internal/external stakeholders on complex assignments/projects for their assigned area(s) of responsibility.
Recommends potential modifications in complex coverage(s) and/or coverage levels on insurance products based on customer's price range.
Reviews complex new business and renewal requests for coverage(s) for all product lines in the Core segment with 500-1000 lives, Regional segment all sizes, and National segment with 5000+ lives.

Education

4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) - Minimum Required

Experience

5 to 7+ Years of group life and/or disability underwriting experience with cases over 1000 members. (Required)

Work Arrangement:

Work from Home : Employees will work fully from home. Their job will not require the employee to come into the office, unless for special circumstances.