Underwriting consultant job description

At EMC, you'll put your skills to good use as an important member of our team. You can count on gaining valuable experience while contributing to the company's success. EMC strives to hire and retain the best people by engaging, developing and rewarding employees.

Evaluates, classifies, and accepts or rejects life insurance applications by determining acceptable risks. Reviews and identifies advanced financial and complex medical cases. Communicates with appropriate individuals to obtain necessary information and resolve service issues. Completes quality audits and assists in training and in the development of underwriting guidelines.
Essential Functions:


Evaluates medical, personal, and financial information, focusing on complex cases, including coordinating facultative reinsurance submissions. Underwrites life insurance cases with an amount limit up to $2,000,000, and provides 2nd review for less experienced underwriters. Communicates with agents, vendor partners, and internal teams to obtain necessary information to complete/resolve requirements or pending issues timely. Serves as subject matter expert on special projects and the development of underwriting philosophy, guidelines, form review, and product implementation. Ensures compliance with all state and federal regulations, confidentiality, privacy and Medical Information Bureau (MIB) rules. Conducts quality audits of underwriting team and third-party underwriting support vendors, including feedback to team and management. Collaborates with marketing and agency staff through training and effective communication.



Education & Experience:



Bachelor's degree in insurance, business administration, or a medical field, or equivalent relevant experience Six years of experience with life/health underwriting, including two years of advanced underwriting, or relevant experience Completion of LOMA coursework, CLU designation, and/or ALU exams preferred



Knowledge, Skills & Abilities:



Excellent life underwriting knowledge with the ability to make sound decisions Strong knowledge of underwriting forms and applications, as well as medical terminology Superior written and verbal communication skills, including strong telephone etiquette Excellent technical knowledge of computers and insurance administration systems Superior organizational skills and ability to make decisions

Superior investigative and problem-solving abilities

Our employment practices are in accord with the laws which prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.


All of our locations are tobacco free including in company vehicles.


To learn more about why you're gonna love it here, watch the video below.

This position can be work from home anywhere or in any Aetna office in the United States. - Support Aetna's ability to achieve its financial and strategic goals through effective underwriting. - Position could be in Medical, Pharmacy, Dental/Vision, or Student Health Underwriting.- Underwriting support primarily includes identifying, evaluating, and managing risk to maximize revenue, membership and earnings.- Performs underwriting analysis and risk assessment for new and/or renewal of employer contracts and accountings. - Assigned cases/book of business include multiple product types, funding arrangements and/or rating methodologies. - Prepares and delivers moderately complex new business quotes, existing business renewals and/or accountings. - Complexity of work increases as technical skills progress.- Independently reviews work for accuracy and recommends pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy. Anticipates questions and formulate responses.- Utilizes advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes, renewals and/or accountings within assigned timelines- Applies underwriting guidelines and utilizes underwriting variance authority for their position on any work assigned to them. - Independently assists sales personnel in explaining rate/fee, accounting balance development and communicating underwriting policy. - With support, may present information to employers, brokers and consultants.- Produces timely and accurate customer specific documents, deliverables and account related information. - Ensures the pricing supports the quote/renewal strategy. - Conducts audits on premiums, fees and claim wires to ensure all receivables are accurate and accounted for. - Tracks and approves customer allowances or MBE/WBE goals using compliance guidelines.- Actively participates in projects or workgroups. Identifies and supports process improvement through automation or process change.- Mentors less experienced underwriters in development of technical skills or specific subject matter.
Pay Range

The typical pay range for this role is:

Minimum: 43,700

Maximum: 97,400

Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.

Required Qualifications

- 3-5 years' experience in underwriting/accounting concepts, pricing methodologies and funding arrangements.- Demonstrated success prioritizing work and the ability to multi-task in a fast-paced environment.- Demonstrated ability to utilize analytical and independent thinking skills.- Demonstrated success in collaborating with others to meet/exceed expectations.- Experience providing clear and concise written and verbal communications.- Experience working with standard Microsoft Office suite with strong Microsoft Excel knowledge and skills

COVID Requirements

COVID-19 Vaccination Requirement

CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.

You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

Preferred Qualifications

- See Required Qualifications above.

Education

- Bachelor's degree or equivalent experience.

Business Overview

Bring your heart to CVS HealthEvery one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.

Do you want to be part of a team that encourages your growth, supports your ambitions and makes it a priority for you to reach your goals? Is helping people part of who you are? At MassMutual, we help millions of people find financial freedom, offer financial protection and plan for the future. We do this by building trust with our customers by being knowledgeable problem solvers and prioritize their needs above all else. We Live Mutual.
Description

Life Underwriting Consultant (all levels)

As you've seen and heard, at MassMutual we continue to invest in data science and technology while internally developing Underwriting talent and acquiring talent externally. Why? To not only staff for growth, yet service and life/work balance - it is what our distribution partners (direct, advisor, broker, money managers) and their clients we serve deserve!

Do you want to be part of a team that encourages your growth, supports your ambitions and makes it a priority for you to reach your professional goals? Is helping people part of who you are? At MassMutual, we help millions of people find financial freedom, offer financial protection and plan for the future. We do this by building trust with our customers by being knowledgeable problem solvers and prioritize their needs above all else. We Live Mutual.

Are you a Life Underwriter with 2+ years of experience and a minimum of $1-3 million of authority?Do you want to join on of the life industries financially strong and single constituency focus (Mutual Life Insurer) carriers in the industry?A life carrier that uses technology, data science and algorithms to augment the underwriters critical thinking skills (not replace them)?A dynamic and growing team at a Top 3 life insurer and fortune 100 company with diverse Permanent and Term insurance offerings?

If yes, we are looking for you to join our digital team!

We are seeking a virtual Life Insurance Underwriter to join our team at all levels (Core, Advanced, Mastery)! You will be responsible for delighting our customers and advisors during the individual life (Term and WL) insurance sales and service process.

Why this opportunity:
Opportunity to be a part of an extensive virtual team that is helping more Americans protect the ones they love in a digital way Highly competitive pay & benefits on the first day!100% remote, work from home anywhere in the USCohort-based onboarding and training program Monday through Friday 40-hour work week; standard business hours, i.e. 8-hour shift anywhere between 8am-8pm EST with OT options available Note: Part Time for the right candidates are also an option

Meet the Team - Underwriting
It is an exciting time at MassMutual! MassMutual is going through both a digital transformation and expansion into new and exciting distribution from direct, advisor sold, advisor assisted, brokerage and wealth management. The team is composed of underwriters supported by Underwriter Case Specialists. The team culture is collaborative, cross-functional, and uses old and new technologies combined with the work/life balance.

Job Description
We are looking for a virtual Underwriter to join our team, tasked with underwriting life insurance in a fast-paced diverse work environment that is inclusive and values different experiences, backgrounds, and knowledge.

Role and Responsibilities
Evaluate and handle all underwriting aspects of formal & informal life insurance applications Determine whether to accept, modify, or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazard, and financial background Deliver the best offer first to drive the sale and not only a decision.Provide efficient, quality service to third party firms, their staff and their advisors Communicate effectively with customers to explain underwriting decisions and facilitate placement of business Understand underwriting policies, guidelines, practices and procedures Influence and champion changes to improve processes while maintaining mortality expectations Tailor communication style to fit a variety of target audiences, i.e. agency, new business personnel and foster relationships with advisors and third party partners Collaborate effectively with stakeholders to gather information necessary for decision making and to select profitable risks Provide consultations with third party firms to resolve, rate questions and discrepancies, or risk related concerns. Consider total case financials, relationship and value of customer Leverage interpersonal and emotional intelligence skills to develop relationships with key business partners across this competitive landscape, which can be relied on to inform decisions and communicate underwriting decisions Able to independently work assigned requests with minimal direction. Comfortable with ambiguity.Build trust and foster strong rapport with colleagues, business partners, and third party customers

Required Qualifications
High school diploma or GEDProven success of underwriting in a fast-paced work environment Over $1M life approval authority Demonstrated knowledge of all aspects of risk selection (medical, non-medical, financial) Experience with behavioral interview techniques and/or data science model tools to arrive at the best offer first in a third party underwriting environment Ability to think critically, problem solve using data to drive toward resolution Positive, inclusive, agile, and collaborative mindset Strong verbal and written communication skills

Preferred Qualifications
Bachelor's degree Minimum of 2 years life underwriting experience Minimum $1-3 million life approval limit Term and permanent life insurance underwriting Knowledge of disability underwriting a plus!Reinsurance experience Industry exams completed, i.e. ALU 101, 201, 202, LOMA, ALMI, FMLI, ALU, FALU
#LI-JA1Salary range $75,000 - $130,000 *commensurate with experience*

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.