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Title
Text copied to clipboard!Life Insurance Underwriter
Description
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We are looking for a detail-oriented and analytical Life Insurance Underwriter to join our team. As a Life Insurance Underwriter, you will be responsible for assessing applications for life insurance coverage, evaluating risk factors, and determining appropriate policy terms and premiums. You will analyze medical records, financial documents, and other relevant information to make informed decisions that align with company guidelines and industry regulations. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to communicate complex decisions clearly to both internal teams and external clients. In this role, you will collaborate closely with agents, brokers, and medical professionals to gather necessary information and ensure accurate risk assessment. You will also stay up-to-date with industry trends, regulatory changes, and advancements in underwriting technology. Your expertise will contribute to the company's profitability by minimizing risk and ensuring fair, competitive pricing for policyholders. If you have a background in insurance, finance, or a related field, and enjoy working in a fast-paced, data-driven environment, we encourage you to apply for this rewarding opportunity.
Responsibilities
Text copied to clipboard!- Review and evaluate life insurance applications
- Analyze medical records and financial documents
- Assess risk factors and determine eligibility
- Set appropriate policy terms and premiums
- Communicate underwriting decisions to agents and clients
- Collaborate with medical professionals and other stakeholders
- Ensure compliance with industry regulations and company policies
- Maintain accurate records and documentation
- Stay updated on industry trends and best practices
- Participate in ongoing training and professional development
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, business, or related field
- Experience in insurance underwriting preferred
- Strong analytical and decision-making skills
- Excellent attention to detail
- Effective written and verbal communication skills
- Ability to interpret complex medical and financial information
- Proficiency with underwriting software and databases
- Knowledge of insurance regulations and guidelines
- Strong organizational and time management skills
- Ability to work independently and as part of a team
Potential interview questions
Text copied to clipboard!- What experience do you have in life insurance underwriting?
- How do you assess risk when reviewing an application?
- Describe a time you made a difficult underwriting decision.
- What tools or software have you used for underwriting?
- How do you stay updated on industry regulations?
- Can you explain your process for analyzing medical records?
- How do you handle communication with agents and clients?
- What steps do you take to ensure accuracy in your work?
- Describe your experience working with cross-functional teams.
- What motivates you to work in insurance underwriting?
