Life Underwriting Supervisor supervises group of underwriters who review, analyze and inspect life insurance contracts. Accepts, modifies or declines a risk through evaluation of an individual's medical history or physical condition, occupational hazards, financial background, insurable interest and other information. Being a Life Underwriting Supervisor analyzes various rate plans utilizing the organization's claims history to determine the appropriate rate plan and benefits costs. Familiar with current legislative and compliance processes affecting life insurance. Additionally, Life Underwriting Supervisor may evaluate reinstatements and changes in existing policies. May have designations or course work toward the CLU, FLMI, etc. Has a sound working knowledge of medical terminology. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Life Underwriting Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Life Underwriting Supervisor typically requires 3 years experience in the related area as an individual contributor. (Copyright 2024 Salary.com)
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Under the direction of an Underwriting Manager, accountable for the management of an assigned group of Underwriters, Associate Underwriters and/or Assistant Underwriters. Oversee the acceptance, declination, and pricing of risks. Counsel and mentor assigned group of Underwriters on complicated risks and review underwriting decisions on risk exceeding their authority. Support small market strategy initiatives, such as improving efficiencies to improve speed to market. Make recommendations or implement underwriting guidelines or pricing adjustments when appropriate. Responsible for the training and mentoring of associates, as well as initiating personnel actions such as salary adjustments, performance evaluations, promotions, etc.
Preferred Experience and Skills
Preferred Education and Training
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