Senior Life Underwriter Objective
To provide underwriting services for the Life department and Field Force, utilizing company approved solution methods and underwriting guidelines. To provide training of the Underwriting staff. To ensure timely and sound underwriting decisions for the entire unit. Utilize data analytics and underwriting outcomes to regularly evaluate, improve, and streamline the underwriting functions. Maintain expertise in leveraging automated underwriting systems to augment underwriting goals and objectives.
Senior Life Underwriter Responsibilities
Underwrite and process larger and complex life insurance applications and determine facultative reinsurance liabilities based on established rules. Maintain approval authority up to $4,000,000.
Correspond by e-mail, telephone, and systems with clients, agents, doctors, paramedical facilities, reinsurers, service laboratories, commercial inspection companies, and other organizations to gather information necessary to properly underwrite risks.
Maintain awareness of changes in underwriting industry related to risk selection, underwriting techniques, and data and technical advancements. Participate in industry educational programs.
Senior Life Underwriter Qualifications
Required
Bachelor's degree required with focus on insurance, business, finance or medical field, required or equivalent ten years underwriting experience may be considered.
Minimum seven years life underwriting experience or equivalent required.
Financial underwriting experience required.
Experienced computer usage and proven skills in Microsoft Office including Excel or similar spreadsheet software required.
Medical terminology knowledge required.
Willingness to pursue continuing job-related training and education required.
FALU, FLMI, CLU, ChFC, or LLIF designation required or actively pursuing.
Note: Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.
PM19
Compensation details: 7 Yearly Salary
PI82741ac46f2d-1066
Read LessChief Actuary and Director of Life Actuarial Objective
To manage and plan the functions of the Life Actuarial Department, which supports product development, actuarial liabilities, financial projections, and determining reserves. To select, supervise and train Life Actuarial Department staff.
Chief Actuary and Director of Life Actuarial Responsibilities
Manage the Life Actuarial Department. Recruit and retain qualified staff, measure and reward performance, and plan for succession. Develop and implement training programs to develop and cross-train the personnel. Complete performance reviews and participate in employee selection, promotion, discipline and termination in accordance with corporate guidelines.
Communicate clearly and concisely the job expectations, service standards, and departmental and individual performance. Set expectations, and measure performance and accountability.
Supervise pricing of all Life Company products. Monitor industry activity related to the actuarial function and incorporate new methodologies into department functions. Coordinate pricing activities with Products, Marketing and PHS to achieve corporate objectives. Interface with Marketing's Managing Partners and agents. Collaborate with Marketing and Accounting to establish target profit margins consistent with corporate objectives. Introduce innovative practices for pricing, risk selection and rating variables, including use of predictive modeling.
Research, design, and price new products. Monitor insurance needs of clients in Farm Bureau's major markets. Maintain up-to-date information on changes in products and services provided by other financial institutions. Research feasibility of new product and service ideas. Maintain experience data for product pricing, such as mortality, expenses (general and marketing) and persistency (premium payment and contract). Design life and annuity products to meet the needs of Farm Bureau markets. Price new products to meet profit objectives as established by the corporate plan. Draft, design, and obtain legal approval of new policies and riders.
Chief Actuary and Director of Life Actuarial Qualifications
Required
Bachelor's degree required, preferably in mathematics, statistics, or actuarial science.
Minimum ten years of life insurance experience working in an actuarial capacity required.
Willingness to pursue continuing job-related training and education required.
Completion of Fellow of the Society of Actuaries (FSA) designation required.
Preferred
Seven years managerial experience preferred.
Note: Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.
PM19
Compensation details: 80 Yearly Salary
PIa45fb756f13c-1412
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