Mass Mutual Life Insurance Company
Life Underwriting Consultant
Mass Mutual Life Insurance Company, Boston, Massachusetts, us, 02298
Overview
Life Underwriting Consultant at Mass Mutual Life Insurance Company. We’re growing in the MM Financial Advisors (MMFA) sales channel and our clients deserve the best. We value growth, ambition, and helping people plan for their financial future. We Live Mutual.
Responsibilities We’re seeking virtual Life Underwriters to join our team. You will be responsible for underwriting life insurance in a fast-paced, virtual environment and delivering excellent service to customers and advisors during the individual life (Term and WL) insurance sales and service process.
Evaluate and handle all underwriting aspects of formal & informal life insurance applications
Determine whether to accept, modify, or decline a risk by evaluating medical history, physical condition, occupational hazards, and financial background
Deliver the best offer first to drive the sale and process efficiently
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 audiences (agency, new business personnel) and foster relationships with advisors and third party partners
Collaborate with stakeholders to gather information for decision making and select profitable risks
Provide consultations with third party firms to resolve rate questions and discrepancies, considering total case financials, relationship, and customer value
Leverage interpersonal and emotional intelligence to develop relationships with key business partners
Able to independently work assigned requests with minimal direction and comfort with ambiguity
Build trust and foster strong rapport with colleagues, business partners, and third party customers
Minimum Qualifications
High school diploma or GED
3+ years life insurance underwriting experience
Minimum established life insurance underwriting authority limit of $3 million
3+ years of expert knowledge of all aspects of risk selection (medical, non-medical, financial)
3+ years of knowledge of key underwriting concepts, best practices, and procedures including identifying exposures to loss, material hazards, and implementation of necessary risk management controls
3+ year knowledge of UW administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality and the ability to position with brokers and sales partners
Preferred Qualifications
5+ years underwriting experience with up to $5M life approval limit
Industry exams completed, i.e. FLMI, FALU, CLU, ChFC
Term and permanent life insurance underwriting
Third party distribution, banks or wire house underwriting experiences
Reinsurance experience
Demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team 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
What to Expect as Part of MassMutual and the Team
Regular meetings with the Life Underwriting team
Focused one-on-one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment.
Salary Range: $92,800.00-$121,800.00
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
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Responsibilities We’re seeking virtual Life Underwriters to join our team. You will be responsible for underwriting life insurance in a fast-paced, virtual environment and delivering excellent service to customers and advisors during the individual life (Term and WL) insurance sales and service process.
Evaluate and handle all underwriting aspects of formal & informal life insurance applications
Determine whether to accept, modify, or decline a risk by evaluating medical history, physical condition, occupational hazards, and financial background
Deliver the best offer first to drive the sale and process efficiently
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 audiences (agency, new business personnel) and foster relationships with advisors and third party partners
Collaborate with stakeholders to gather information for decision making and select profitable risks
Provide consultations with third party firms to resolve rate questions and discrepancies, considering total case financials, relationship, and customer value
Leverage interpersonal and emotional intelligence to develop relationships with key business partners
Able to independently work assigned requests with minimal direction and comfort with ambiguity
Build trust and foster strong rapport with colleagues, business partners, and third party customers
Minimum Qualifications
High school diploma or GED
3+ years life insurance underwriting experience
Minimum established life insurance underwriting authority limit of $3 million
3+ years of expert knowledge of all aspects of risk selection (medical, non-medical, financial)
3+ years of knowledge of key underwriting concepts, best practices, and procedures including identifying exposures to loss, material hazards, and implementation of necessary risk management controls
3+ year knowledge of UW administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality and the ability to position with brokers and sales partners
Preferred Qualifications
5+ years underwriting experience with up to $5M life approval limit
Industry exams completed, i.e. FLMI, FALU, CLU, ChFC
Term and permanent life insurance underwriting
Third party distribution, banks or wire house underwriting experiences
Reinsurance experience
Demonstrated track record of working with minimal supervision, being a self-starter and working with others in a team 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
What to Expect as Part of MassMutual and the Team
Regular meetings with the Life Underwriting team
Focused one-on-one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment.
Salary Range: $92,800.00-$121,800.00
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
#J-18808-Ljbffr