Western & Southern Financial Group

Senior Life Insurance Underwriter

Western & Southern Financial Group • $75K — $95K *
Cincinnati, OH 45238In-Person
Finance & Insurance
5 - 7 years of experience
Reposted Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • College degree or relevant underwriting experience - Preferred
  • 5 years experience as a life insurance underwriter - Required
  • 1 year experience as a Nurse Practitioner or equivalent position - Required
  • Demonstrated knowledge of medical terminology
  • Strong negotiation skills and experience in effectively communicating adverse decisions
  • Excellent verbal and written communication skills
  • Strong analytical skills with experience in identifying and resolving problems
  • Attention to detail with solid organizational skills
  • Working knowledge of word processing and spreadsheet applications
  • Relevant insurance designations preferred

Responsibilities

  • Review life applications, policy changes, and reinstatements for accuracy
  • Evaluate medical and financial information for risk classification
  • Determine applied coverage appropriateness based on financial justification
  • Make underwriting decisions to align with mortality expectations
  • Review cases from junior underwriters and provide approvals
  • Ensure compliance with federal and state regulations
  • Communicate effectively with internal and external stakeholders
  • Train new underwriters and develop job-specific training materials
  • Lead team workflow and prepare procedures and reports as needed
  • Maintain confidentiality of sensitive information

Benefits

  • Training and development opportunities
  • Supportive team environment
  • Potential for advancement within the company
  • Engagement with field associates and clients
  • Occasional travel for industry events
Full Job Description
Overview

Independently evaluates and classifies risks on applications for life, accident and critical illness insurance including supplemental benefits and policy changes in accordance with mortality and morbidity pricing assumptions. Underwrites life insurance applications and associated risks. Classifies the risk with a minimum of underwriting requirements. Verbally discusses cases with Field Sales associates and applicants, which may involve explaining the reasons the Company took adverse action on an application and attempting to diminish any negative reaction by the applicant. Develops a strong knowledge of human physiology in order to glean the necessary information from the data collected. In addition, builds a high level of knowledge of other technical aspects of the underwriting process, which includes financial needs, insurable interests, avocations and occupations along with a comprehensive knowledge of the Company's products and procedures. Concurs on cases that are over the Underwriters' limits of authority; the Senior Underwriter will be responsible for the final approval of these cases. Reviews the cases of the Underwriters to determine the quality of the work and any developmental needs.

Responsibilities

What you will do:
  • Review life applications, policy change requests, and reinstatements for completeness and accuracy, ensuring underwriting rules, philosophies, laws and practices are followed.
  • Evaluate medical, financial, and non-medical information, as developed, to determine the risk classification according to company guidelines.
  • Determine appropriateness of applied coverage (i.e., sufficient financial justification, appropriate insurable interest).
  • Make underwriting decisions that produce claim results within the Company's mortality expectations.
  • Review and provide approval on cases completed by less tenured underwriters.
  • Comply with federal and state rules and regulations (i.e., MIB, Fair Credit Reporting Act, blood testing, Replacements, 1035 Exchanges, etc.).
  • Communicate clearly and provide accurate information verbally and in writing to the field force, vendors, reinsurers, various Home Office associates, etc., while following proper rules of punctuation, grammar, dictation, and style.
  • Train new underwriters on processes, systems and underwriting philosophy. Develop and presents structured job-specific training as management directs, applying appropriate adult-learning principles.
  • Gives proper direction to the New Business support staff and Underwriters.
  • Serves in the lead position for the team on a periodic basis, communicating workflow to the group and other teams.
  • Periodically prepare procedures to be used in work-related procedural and training manuals, and also prepares formal reports in conjunction with department projects.
  • Maintains confidentiality of information including sensitive medical, financial, personal and payroll information.
  • Performs other duties as assigned.
  • Complies with all policies and standards.


Qualifications

  • College degree or relevant underwriting experience - Preferred
  • 5 years experience as a life insurance underwriter - Required
  • 1 year experience as a Nurse Practitioner or equivalent position - Required
  • Demonstrated knowledge of medical terminology. -
  • Demonstrated strong negotiation skills and experience "selling" adverse decisions to producers in a clear, concise and positive manner that leaves producers feeling good about the decisions. -
  • Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolution. -
  • Demonstrated excellent verbal and written communication skills with ability to convey information to internal and external customers in a clear, focused and concise manner. -
  • Proven examples of handling difficult situations effectively while maintaining high volumes of work. -
  • Demonstrated strong attention to detail with excellent organizational skills. Cite examples of organization and time management methods used to manage or prioritize workload demands. -
  • Proven ability to successfully demonstrate strong financial and medical underwriting skills. -
  • Working knowledge of word processing and spreadsheet applications. -
  • LOMA 280, 290, 311, 320, ACS-100 (Designation), ALU-1, ALU-2 and/or commensurate experience as outlined in the selection criteria section. - Required

Work Setting/Position Demands:
  • Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
  • Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
  • Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
  • Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
  • Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
  • Performs substantial movement of wrists, hands, and fingers for continuous computer work.
  • Extended hours required during peak workloads or special projects/events.

Travel Requirements:
  • 5% travel Occasional travel for industry conferences or producer meetings.

About Western & Southern Financial Group

Western & Southern Financial Group provides financial translators, helping to turn the complex into simple, practical financial solutions. work face-to-face with middle-market clients to help understand their needs and provide financial solutions designed to meet their goals.

Western & Southern Financial Group Careers

Join the vibrant team at Western & Southern Financial Group, a leader in the financial services industry known for its strong commitment to fostering professional growth and innovation. As part of our team, you will engage in meaningful work that directly contributes to our reputation as one of the most respected names in financial solutions.

Work You’ll Do

At Western & Southern Financial Group, you will find job opportunities that challenge and motivate you to leverage your skills and potential. Whether you are looking for a position in financial advising, customer service, or IT, our company offers a dynamic environment where career growth is supported and encouraged.

Innovate and Lead

Embrace the chance to work on projects that redefine industry standards while collaborating with a team of over 10,000 dedicated professionals. Our leadership is committed to nurturing a culture of innovation and diversity, ensuring that every team member has the opportunity to excel.

Professional Development

Western & Southern Financial Group is not just a company; it's a place where careers are built. Our employees enjoy access to comprehensive benefits and diversity training programs that promote professional development and personal well-being. From leadership workshops to networking events, we provide the tools necessary for you to advance your career.

Internship Programs

Kickstart your career with Western & Southern’s internship programs. These opportunities allow you to gain hands-on experience, build your resume, and understand the financial sector from the inside out. Interns work closely with experienced professionals, gaining insights that are crucial for future employment.

Join Our Team

Explore the array of job opportunities at Western & Southern Financial Group. We are continuously hiring and looking for individuals who bring creativity, innovation, and a strong work ethic to our team. With a focus on leadership development and employee satisfaction, we are dedicated to helping you achieve your career goals.

Stay Connected

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Apply Now

Ready to take the next step in your career? Search open positions that match your skills and interests. We look for passionate, curious, and solution-driven team players who are ready to make a difference.

SEARCH WESTERN & SOUTHERN FINANCIAL GROUP JOBS

At Western & Southern Financial Group, we believe in empowering our employees to grow, innovate, and lead in every aspect of their career. Join us and be part of a team that values diversity, leadership, and the professional growth of its members. Discover the impact you can make in the financial services industry with Western & Southern.
Learn more about Western & Southern Financial Group
Size
4,700 employees
Industry
Finance & Insurance
* Ladders Estimates

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