[Hiring] Senior Underwriter @Foresters Financial

Role Description

The Senior Underwriter is responsible for underwriting life insurance applications using universally recognized underwriting principles by evaluating health, financial, lifestyle, and other risk factors to determine the appropriate underwriting rate class, while managing and maintaining service levels and acceptable mortality results. The incumbent will work closely with and establish strong relationships with company stakeholders including New Business, Actuarial, Claims, and Distribution.

Key Responsibilities

• Review insurance application files for new business, reinstatements, and coverage change requests.
• Establish and maintain effective relationships with producers, including communicating the underwriting decision.
• Balance investigative costs for tests/assessments versus risk management requirements to make informed underwriting decisions.
• Order required medical tests/assessments, as required, and arrange for any additional required assessments from professional resource contacts.
• Research, interpret, and analyze information relevant to the application, including product details, legislation, rate manuals, and medical/drug reference books.
• Access confidential medical information related to the applicant through the Medical Information Bureau (MIB).
• Efficiently document the applicant file on the Underwriting systems as additional information is received.
• Complete a full underwriting assessment of the application following the receipt and review of all required information.
• Finalize the underwriting decision within approval limits as assigned by the Chief Underwriter.
• Initiate processes to refer application files for reinsurance as required.
• Compose related correspondence to members/producers regarding the information required to assess the application.
• Participate in the research, review, and analysis of underwriting related legislation and regulations.
• Work with the Medical Director on cases as required.
• Other projects and duties as assigned.

Qualifications

• A minimum of five (5) plus years of underwriting experience.
• Achieved AALU and working towards FALU/FLMI designations.
• Strong medical and financial underwriting knowledge.
• Experience with simplified issue and final expense type products.
• Strong knowledge of underwriting theory, principles, methods, systems, processes, and standards.
• Consultation skills to make consistent and appropriate underwriting decisions within Foresters policies and standards.
• Consultation and communication skills to request information from a broad range of resources/professionals as required.
• Knowledge of the interpretation and application of underwriting legislation and regulations across the US.
• Knowledge of the Foresters purpose, goals, and objectives to ensure compliance of decisions with Foresters policies and standards.
• Ability to learn and understand in detail, Foresters insurance products and contact provisions.

Requirements

• #LI-Remote
• Travel to Head Office, Toronto, Ontario, Canada will be required.

Benefits

• The actual base salary for this position will depend on several factors, including job-related skills, experience, and education.
• Eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Equal Opportunity Employment and Inclusion

At Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity, and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.