Executive Director, Underwriting

RGA Reinsurance Company$126K — $188K *
US-AnywhereRemote in Chesterfield, MO
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent work experience (minimum 8 years)
  • 10+ years of reinsurance underwriting experience or 15+ years in direct/brokerage underwriting
  • 5+ years of marketing experience
  • Intermediate skills in Word, SQL/Query, and Excel
  • Highly advanced ability to comprehend and interpret insurance and contract documents

Responsibilities

  • Appraises and underwrites risks for group life and disability insurance with significant approval authority
  • Leads, manages, and develops a team of underwriters, ensuring compliance with company guidelines
  • Acts as lead client contact and subject matter expert for underwriting-related queries
  • Develops strong client relationships by providing creative underwriting solutions
  • Manages departmental activities, workflow, production, and quality goals
  • Conducts data analysis and produces meaningful reports for various stakeholders
  • Performs management duties including hiring, training, and mentoring associates

Benefits

  • Full range of health benefits
  • Retirement plans
  • Participation in an annual bonus plan
  • Eligibility for long-term equity incentive plan
  • Remote work flexibility
Full Job Description

You desire impactful work.

Position Overview

Under the direction of the VP, Underwriting and Chief UW, this role leads and manages a team comprised primarily of underwriters.With critical thinking, appraises and oversees the underwriting of large, complex and challenging life and disability cases.  Acts as client contact on regional or functional basis as needed, as well as liaison between Underwriting, Business Development, Pricing and Claims/Treaty/ Account Management Administration departments as needed.Recommends and participates in the development and implementation of process improvements that may extend beyond the area of oversight. Responsibilities may also include leading andmanaging underwriting initiatives including, but not limited to, SUP/SUP at Scale operational management, sales and process enablement, and business execution.

Responsibilities

  • Appraises and underwrites risks for group life and disability insurance with approval authority ranging from $10,000,000 to $20,000,000.  Assists other underwriters with caseload.  Ensures underwriting quotes are sound, competitive and profitable to RGA Re.  Makes exceptions within approval authority and RGA philosophy and practice, balancing attention to client relationships and profitable business.
  • Leads, manages, and develops a team of underwriters and value added service consultants.  Ensures compliance with RGA Re philosophy, procedures and guidelines, and provides evaluation of underwriting and service quality and consistency.
  • Serves as lead client contact for a business development region as the underwriting subject matter expert – collaborating with Business Development, Pricing, Claims,
  • Treaty/Account Management Administration and other departments as needed for all client requests related to pricing or changes to requirements/processes/procedures.  Provides evaluations of client requests and ensures compliance with RGA Re underwriting philosophy, procedures and guidelines.  Requires collaboration within the USIM team, actuaries, account management team, and others as needed.
  • Develops and manages client relationships by: providing underwriting solutions through partnering with them to identify unique, creative ways to solve their problems and improve their business results; effectively communicating, negotiating and selling underwriting decisions; developing, communicating, and developing programs for tracking client exceptions, special programs, and trends in risk selection.
  • Leads and manages work area activities including, but not limited to, team/department workflow; establishing and monitoring production and quality goals; periodic auditing of team’s underwriting to ensure adherence to RGA Re guidelines; co-signing underwriting risks over underwriter’s approval authority; and ensuring timeliness and quality of communication to senior RGA Re management and clients.
  • Performs data analysis for clients, senior management, sales/marketing and actuarial departments by summarizing data resulting in meaningful reports, comparison grids, scorecards, and result reports.
  • Performs management duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports. Fosters a positive and engaged work environment. Mentors associates and gives guidance on associate development.
  • Leads and manages ongoing team/department special projects and organizes or participates in committee meetings as subject matter expert, leader, or team member; client audits and client presentations as required. Travels as required to regional or specialty meetings to represent RGA Re, to clients and prospective clients to write or renew business.
  • Contributes actively to and supports the leadership team in developing plans, coordinating activities and in assuring all departments are aware of key activities the department.  Ensures work area goals contribute to accomplishing departmental and RGA Re objectives.

Requirements

  • Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent related work experience (minimum 8 years)
  • Bachelor’s Degree in Arts/Sciences (BA/BS) Math, Finance or Business is preferred
  • 10+ Years of reinsurance underwriting experience OR
  • 15+ Years of direct and/or brokerage underwriting experience
  • 5+ Years marketing experience
  • Intermediate Word, SQL/Query and Excel skills
  • Highly advanced ability to comprehend and interpret insurance and contract documents.
  • Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
  • Advanced knowledge of broad business practices
  • Highly advanced persuasion skills when working with external customers to resolve issues/problems.
  • Highly advanced skills in implementing change, ensuring understanding, participation and ownership.
  • Highly advanced investigative, analytical and problem solving skills utilizing experience, research, guidelines and internal resources.
  • Highly advanced skills in managing multiple tasks, projects and/or sub-teams simultaneously, including the ability to handle changing priorities and ability to delegate key areas of responsibility.
  • Highly advanced skills in translating business needs and problems into viable and accepted solutions.
  • Demonstrates an ability to lead, mentor and develop associates
  • Expert ability to analyze and improve business processes
  • Highly advanced knowledge of insurance principles, underwriting policies and procedures and guidelines for dealing with risk analysis.
  • ACS, ALU, FLMI, FALU, or CLU accreditation or progress towards accreditation is preferred.
  • 11+ years reinsurance underwriting experience is preferred.

#LI-SP2 #LI-REMOTE

Compensation Range:

$126,710.00 - $188,840.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

About RGA Reinsurance Company

RGA Reinsurance Company Careers

There has never been a more opportune time to join the dynamic team at RGA Reinsurance Company—the leading entity in the reinsurance industry globally.

Work You’ll Do

Join RGA Reinsurance Company's top-tier team to assist some of the most prominent companies worldwide in navigating their challenges and seizing growth opportunities through innovative reinsurance solutions. Transform the reinsurance landscape with the brightest minds at RGA Reinsurance Company, where leadership, innovation, and a commitment to diversity training shape the future of the industry. Lead from a unique position in the marketplace, at the crossroads of deep industry expertise and groundbreaking innovation. Engage with a global team of business and reinsurance advisors to help clients master their strategic objectives. Collaborate with the most skilled group of reinsurance professionals in the world, dedicated to excellence and forward-thinking solutions.

Introducing the RGA Reinsurance Company Professional Growth and Development Initiative

The initiative aims to build a market-leading team to guide some of the world’s most renowned companies through their strategic reinsurance needs with unmatched expertise.

Do Innovative Work

Join the largest group of reinsurance experts globally—dedicated professionals at the nexus of technology, industry knowledge, and digital transformation.

Drive Innovation

Deliver targeted reinsurance solutions through a depth and breadth of consulting experience and innovation that’s unparalleled in the industry.

Be Part of a Great Team

Work with a wide range of reinsurance technologies and leverage the unparalleled capabilities, global scale, and joint solution development of a powerhouse team.

Future-proof Your Career

Advance as far as your ambition takes you with limitless opportunities for career growth, supported by unmatched training, development, and certification support.

Explore

Discover how RGA Reinsurance Company is leading the way in predictive modeling and risk management solutions, enhancing client capabilities and operational efficiency.

The RGA Reinsurance Company Edge

The combined service capabilities, global scale, and joint solution development help clients tackle industry challenges and lead transformation in their sectors. Clients worldwide turn to RGA Reinsurance Company for new strategies and solutions to drive innovation and growth in the ever-evolving reinsurance landscape.

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