Sr. Life Underwriter - Remote

$80,759 - $111,046/Yr

Amica Insurance Company - Lincoln, NE

Full-time - Mid Level

Remote - Lincoln, NE

Merchant Wholesalers, Durable Goods

About the position

As a Senior Life Underwriter at Amica Life, you will play a crucial role in analyzing and classifying risk for life insurance applications. This position requires a thorough understanding of established underwriting guidelines, policies, and procedures to ensure that all applications are evaluated accurately and efficiently. You will be responsible for reviewing cases with values up to $4,000,000 and will have the authority to approve applications up to $3,000,000. Your ability to communicate effectively with team members and assist Sales Representatives in understanding the rationale behind any adverse underwriting decisions will be essential in maintaining positive relationships across departments. In this role, you will develop and maintain a structured schedule, ensuring that you meet or exceed all productivity, quality, and performance standards. You will also coordinate facultative reinsurance reviews with reinsurers and work on various projects related to underwriting and enterprise-level initiatives. Identifying process improvements and efficiency gaps will be part of your responsibilities, and you will be expected to offer possible solutions while maintaining mortality expectations. You will work independently but will seek guidance on complex cases as needed. Familiarity with automated underwriting rules engines and third-party data requirements will be important for analyzing and assessing risk. Additionally, you may assist in training and developing other team members and provide backup underwriting support during employee absences and peak volume periods. Overtime may be necessary during busy times, and you may be called upon to handle other duties as required.

Responsibilities

• Review cases up to $4,000,000 and has approval authority up to $3,000,000.
• Develop and maintain structured schedule, with adherence to meeting/exceeding all productivity, quality, and performance standards.
• Communicate effectively with team members and help Sales Representatives to understand the rationale for any adverse underwriting decision.
• Maintain positive interaction and build relationships with all departments.
• Responsible for coordinating facultative reinsurance review with reinsurers.
• Work on assigned projects pertaining to underwriting and enterprise level initiatives.
• Identify process improvements and efficiency gaps and offers possible solutions while maintaining mortality expectations.
• Work independently but seeks guidance on complex cases.
• Understand how to analyze and assess risk with the use of an automated underwriting rules engine and third-party data requirements.
• Assist in departmental and cross-departmental projects, as required.
• Assist in training and development of other team members, as required.
• Provide backup underwriting support during employee absences and peak volume periods.

Requirements

• Bachelor's Degree.
• Holds or working towards FLMI and AALU designations.
• Minimum of five (5) years of experience as life insurance underwriter.
• Solid knowledge-base of medical underwriting and mortality/industry trends.
• Advanced study in both the LOMA and the ALU programs.
• Strong interpersonal skills with effective written and verbal communication.
• Strong PC and typing skills, including the use of Excel, Word, and Outlook.

Benefits

• Medical, dental, vision coverage, short- and long-term disability, and life insurance
• Paid Vacation - at least 13 vacation days in the first 12 months
• 14 paid holidays observed
• 6 days sick time at hire, 6 additional days sick time at 90 days of employment
• Generous 401k with company match and immediate vesting
• Annual 3% non-elective employer contribution
• Annual Success Sharing Plan
• Generous leave programs, including paid parental bonding leave
• Student Loan Repayment and Tuition Reimbursement programs
• Generous fitness and wellness reimbursement
• Employee community involvement
• Opportunities for advancement in a successful and growing company