Sr. Underwriter (Life Underwriting)
Job description
*Preferred candidate identified*
Job Summary: Job focus, purpose, scope of responsibility. Up to three of the most important responsibilities.
Effectively and efficiently classifies mortality risk in a sound, objective and consistent manner by applying company guidelines and philosophies.
Essential Functions:
Basic job duties that an employee must be able to perform, with or without reasonable accommodation.
Estimated Percentage of Time Dedicated to Responsibilities:
- Provides timely service on cases to ensure Service Level Agreements (SLAs) and increased placement rates are met.
- Provides sound underwriting judgement on all cases to ensure mortality objectives are met.
- Effectively and appropriately utilizes company resources (i.e. hr | Ascent, peers, management, medical, actuarial and audit).
- Adheres to regulatory requirements to ensure Hannover Re remains in compliance.
- Develops and maintains professional relationships with internal and external customers to ensure Hannover Re is recognized as a leader in underwriting.
- Provides signing authority up to $5 million
90%
Responds to client inquiries and provides technical support and opinions to ensure client satisfaction.
10%
Competencies: (5) most critical competencies for the position.
- Manages complexity
- Decision quality
- Action oriented
- Resourcefulness
- Demonstrates self-awareness
Essential knowledge skills and abilities: Education, certifications, licensure, industry-specific experience, and experience working with certain equipment or systems, and skill proficiency levels that are required for job eligibility.
- Undergraduate degree or related experience
- Minimum of 8 years of experience in underwriting
- Knowledge of medical and financial underwriting, product knowledge, and understanding of life insurance industry practices
Desired knowledge skills and abilities: Education, certifications, licensure, industry-specific experience, experience working with certain equipment or systems, and skill proficiency levels that are desired but not required for job eligibility.
- Basic computer skills in MS Office (Excel, Word, Access, etc.)
- Industry coursework/designations (FALU, FLMI, CLU, etc.)
- Involvement with local, regional and/or national underwriting organizations
Travel: Percentage of travel time expected for the position, where the travel occurs, and whether the travel is overnight.
Up to 10% overnight travel required throughout the continental USA
Total Compensation Range:
- Sr Underwriter: $86,900 - $117,500 (inclusive of Base and Bonus)
Benefits Include:
- Comprehensive medical, dental, and vision
- Paid Time Off (PTO)
- Company provided life insurance and disability benefits
- 401(k) and profit sharing
- Additional ancillary benefits available
Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.
We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, please email HRLUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.
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