Sammons Financial Group Inc.
Sr. Underwriter Consultant
Sammons Financial Group Inc., Sioux Falls, South Dakota, United States, 57102
What You Can Expect In This Role
Evaluate applications for life insurance to classify risks by using company risk selection standards while promoting additional sales of quality business.
What You'll Do In This Role
Obtain the information necessary, based on the circumstances of each case, to evaluate each proposed insured’s qualification for the plan and amount of life insurance applied for.
Call the Agent on every case where an adverse underwriting decision is involved to explain the reason and discuss alternatives, including the use of facultative reinsurance.
Help Regional Sales Directors and MGAs build their business by leading customized Game Plans and attracting new producers.
Initiate communication with agents and providers to facilitate the application and policy issue process; use the most effective means of communication available - telephone, facsimile, electronic mail, etc.
Direct Case Managers in obtaining required information and in providing information to agents, other employees and service providers.
Provide guidance to the Case Manager in screening applications for Jet Issue.
Take final action on cases as authorized by the Manager, Underwriting pertaining to case size and mortality class; refer cases outside authorized limits to underwriting personnel with the requisite authority.
Handle an assigned workload as determined by the Manager, Underwriting.
Assist the Manager, Underwriting as directed in handling problems and questions from agents, applicants or policyholders, regulatory authorities and service partners.
Assist Underwriter Trainees, Underwriters and other staff in the training required to meet performance objectives.
Acquire and expand medical and non-medical knowledge as it relates to risk classification in order to fairly evaluate applications in a timely manner.
Establish and maintain internal contacts to facilitate answering questions related to submitted business, changes, conversions, reinstatement and agency or marketing matters.
Develop professionally through ALU, CLU and other studies to improve skills and judgment and contribute to the Underwriting Department’s capability to maintain a leadership role in risk classification.
Provide support to management on evaluations and progress reviews for Case Managers.
Complete projects and audits as directed by the Manager, Underwriting.
Be a leadership shadow for newer Underwriters and other employees in work excellence and Company loyalty.
Adhere to Guiding Principles for the Underwriter as endorsed by Association of Home Office Underwriters.
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
Participate in other initiatives and/or projects as necessary.
What We're Looking For
Bachelor's Degree or equivalent industry related experience Required
4-6 years of life insurance underwriting with above average performance or approval authority of $2M or above Required
Specialized knowledge and experience in life underwriting and risk selection with proven decision-making ability Required
Knowledge of medical and non-medical risk factors and the ability to apply these factors in reaching the most favorable underwriting decision Required
Excellent decision making skills with the ability to solve problems innovatively to find ‘win-win’ solutions
Strong verbal and written communication skills
Self-starter with excellent teamwork skills; ability to work independently to accomplish work goals and a willingness to sacrifice personal goals to help achiever overall team success
Superior ability to listen and be responsive to customers and who can sell difficult decisions while showing empathy
Desire and ability to effectively work with diverse personalities
Proven behaviors consistent with the Company Values: Openness, Integrity, Accountability, and Respect
Ability to be open to coaching and constructive feedback to become more effective and improve performance
Ability to assist Regional Sales Directors build their business by leading customized Game Plans and attracting new producers
Ability to conduct presentations
LOMA I and II Required
FLMI Preferred
Travel as needed to participate in agency meetings
Other Requirements
Criminal background check required.
What you can expect when you join Sammons Financial Group
Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
Salary Range Information USD $67,827.00 - USD $113,045.00 /Yr. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary is dependent on candidate qualifications and experience. For a narrower salary range specific to your labor market, please inquire.
Work Authorization/Sponsorship At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)
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What You'll Do In This Role
Obtain the information necessary, based on the circumstances of each case, to evaluate each proposed insured’s qualification for the plan and amount of life insurance applied for.
Call the Agent on every case where an adverse underwriting decision is involved to explain the reason and discuss alternatives, including the use of facultative reinsurance.
Help Regional Sales Directors and MGAs build their business by leading customized Game Plans and attracting new producers.
Initiate communication with agents and providers to facilitate the application and policy issue process; use the most effective means of communication available - telephone, facsimile, electronic mail, etc.
Direct Case Managers in obtaining required information and in providing information to agents, other employees and service providers.
Provide guidance to the Case Manager in screening applications for Jet Issue.
Take final action on cases as authorized by the Manager, Underwriting pertaining to case size and mortality class; refer cases outside authorized limits to underwriting personnel with the requisite authority.
Handle an assigned workload as determined by the Manager, Underwriting.
Assist the Manager, Underwriting as directed in handling problems and questions from agents, applicants or policyholders, regulatory authorities and service partners.
Assist Underwriter Trainees, Underwriters and other staff in the training required to meet performance objectives.
Acquire and expand medical and non-medical knowledge as it relates to risk classification in order to fairly evaluate applications in a timely manner.
Establish and maintain internal contacts to facilitate answering questions related to submitted business, changes, conversions, reinstatement and agency or marketing matters.
Develop professionally through ALU, CLU and other studies to improve skills and judgment and contribute to the Underwriting Department’s capability to maintain a leadership role in risk classification.
Provide support to management on evaluations and progress reviews for Case Managers.
Complete projects and audits as directed by the Manager, Underwriting.
Be a leadership shadow for newer Underwriters and other employees in work excellence and Company loyalty.
Adhere to Guiding Principles for the Underwriter as endorsed by Association of Home Office Underwriters.
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
Participate in other initiatives and/or projects as necessary.
What We're Looking For
Bachelor's Degree or equivalent industry related experience Required
4-6 years of life insurance underwriting with above average performance or approval authority of $2M or above Required
Specialized knowledge and experience in life underwriting and risk selection with proven decision-making ability Required
Knowledge of medical and non-medical risk factors and the ability to apply these factors in reaching the most favorable underwriting decision Required
Excellent decision making skills with the ability to solve problems innovatively to find ‘win-win’ solutions
Strong verbal and written communication skills
Self-starter with excellent teamwork skills; ability to work independently to accomplish work goals and a willingness to sacrifice personal goals to help achiever overall team success
Superior ability to listen and be responsive to customers and who can sell difficult decisions while showing empathy
Desire and ability to effectively work with diverse personalities
Proven behaviors consistent with the Company Values: Openness, Integrity, Accountability, and Respect
Ability to be open to coaching and constructive feedback to become more effective and improve performance
Ability to assist Regional Sales Directors build their business by leading customized Game Plans and attracting new producers
Ability to conduct presentations
LOMA I and II Required
FLMI Preferred
Travel as needed to participate in agency meetings
Other Requirements
Criminal background check required.
What you can expect when you join Sammons Financial Group
Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
Salary Range Information USD $67,827.00 - USD $113,045.00 /Yr. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary is dependent on candidate qualifications and experience. For a narrower salary range specific to your labor market, please inquire.
Work Authorization/Sponsorship At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)
#J-18808-Ljbffr