Job Summary: Evaluates and underwrites applications for life insurance by assessing mortality and morbidity risk within corporate guidelines to assure equitable treatment of potential policyholders and producers, as well as meet the company's financial objectives. Approves, classifies, modifies, or declines applications. Determines whether to accept or decline risk through evaluation of medical history, occupational hazards, financial background, insurable interest or other pertinent information; maintains contact with the field sales force to gather information to to explain/defend underwriting courses of action; reviews and acts on reinstatements and changes to existing policies.
Functional Responsibilities: Independently evaluates and underwrites individual life insurance applications, with emphasis on larger, more complex applications. Determines substandard risks up to assigned approval limits. Contacts field sales force and medical consultants concerning quiestionable medical or personal situations. Evaluates applicant's medical history, occupational hazards, financial background and other information to determine risk classification. Effectively communicates adverse findings to field sales force, defends underwriting causes of action, and negotiates equitable resolutions. Acts on reinstatement cases or changes to existing policies. Reviews variable life insurance applications for appropriate risk suitability and ensures proper compliance with NASD & SEC regulations. Works to meet or exceed established quality, customer satisfaction, time, service, and productivity goals. Performs policy issue responsibilties that meet compliance and suitability regulations and result in accurately issued policies. Signs off on cases referred by less experienced underwriters. Can approve applications up to $5 million. Other duties as assigned or required.
Supervisory Responsibilities: None. May provide guidance to less experienced staff.
Typical Experience: Bachelor's degree or equivalent business experience. 8-10 yrs. underwriting experience. NASD Series 6 and 26 licenses preferred. CLU or FLMI designation preferred. Extensive knowledge of company products, services and operations. Strong knowledge of company's underwriting rules, policies and procedures. Extensive understanding of medical terminology, human biology and anatomy. Strong knowledge of insurance prinples including mortality, morbidity, insurable interest and actuarial theory.
A little about us:
MetLife offers life insurance, disability income insurance, car insurance, employee benefits and more.