Raymond James
Job Description Summary
As a Senior Life Insurance Underwriter, you will play a critical role in facilitating the sale of life insurance by applying sound, cost‑effective underwriting principles. You will assess risk and determine appropriate premium classifications based on a comprehensive evaluation of applicants’ health, financial background, occupation, travel, and lifestyle.
Key Responsibilities
Risk Assessment & Decision‑Making
Evaluate new business, reinstatements, and coverage change requests.
Determine underwriting requirements and order necessary medical exams or assessments.
Analyze applicant data from various sources including MIB, medical records, financial documents, and motor vehicle reports.
Stakeholder Communication
Collaborate with financial advisors, Insurance Planning Specialists, and Internal Sales Consultants.
Clearly communicate underwriting decisions and provide guidance on potential reconsiderations.
Process Management
Balance workload, advisor expectations and the underwriting team for effective underwriting.
Document and update underwriting systems with accurate and timely information.
Refer cases to reinsurance or consult with the carrier’s Chief Underwriter or Medical Director as needed.
Compliance & Documentation
Ensure underwriting decisions align with internal policies, industry standards, and regulatory requirements.
Draft correspondence including approval/decline letters, advisory memos, and confidential medical communications.
Continuous Improvement
Participate in the development and refinement of underwriting policies, procedures, and systems.
Stay current on industry trends, legislation, and best practices.
Qualifications
Experience & Education
Minimum 5 years of life insurance underwriting experience.
AALU designation required; actively pursuing FALU and/or FLMI preferred.
Technical Expertise
Strong knowledge of medical and financial underwriting principles.
Proficient in interpreting underwriting manuals, legislation, and insurance product provisions.
Skills & Competencies
Exceptional analytical and risk assessment skills.
Strong written and verbal communication abilities.
Proven leadership and mentoring capabilities.
Ability to manage complex cases and make sound, independent decisions.
Why Join Us?
Work with a collaborative and experienced underwriting team.
Opportunity to influence underwriting strategy and policy.
Competitive compensation and benefits package.
Support for continued professional development and certification.
Education Bachelor’s: Business Administration, Bachelor’s: Finance, Bachelor’s: Marketing
Work Experience General Experience – 13 months to 3 years
Certifications Securities Industry Essentials Exam (SIE) – Financial Industry Regulatory Authority (FINRA)
Travel Less than 25%
Workstyle Hybrid
EEO Statement At Raymond James, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal‑opportunity employer and makes all employment decisions on the basis of merit and business needs.
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Key Responsibilities
Risk Assessment & Decision‑Making
Evaluate new business, reinstatements, and coverage change requests.
Determine underwriting requirements and order necessary medical exams or assessments.
Analyze applicant data from various sources including MIB, medical records, financial documents, and motor vehicle reports.
Stakeholder Communication
Collaborate with financial advisors, Insurance Planning Specialists, and Internal Sales Consultants.
Clearly communicate underwriting decisions and provide guidance on potential reconsiderations.
Process Management
Balance workload, advisor expectations and the underwriting team for effective underwriting.
Document and update underwriting systems with accurate and timely information.
Refer cases to reinsurance or consult with the carrier’s Chief Underwriter or Medical Director as needed.
Compliance & Documentation
Ensure underwriting decisions align with internal policies, industry standards, and regulatory requirements.
Draft correspondence including approval/decline letters, advisory memos, and confidential medical communications.
Continuous Improvement
Participate in the development and refinement of underwriting policies, procedures, and systems.
Stay current on industry trends, legislation, and best practices.
Qualifications
Experience & Education
Minimum 5 years of life insurance underwriting experience.
AALU designation required; actively pursuing FALU and/or FLMI preferred.
Technical Expertise
Strong knowledge of medical and financial underwriting principles.
Proficient in interpreting underwriting manuals, legislation, and insurance product provisions.
Skills & Competencies
Exceptional analytical and risk assessment skills.
Strong written and verbal communication abilities.
Proven leadership and mentoring capabilities.
Ability to manage complex cases and make sound, independent decisions.
Why Join Us?
Work with a collaborative and experienced underwriting team.
Opportunity to influence underwriting strategy and policy.
Competitive compensation and benefits package.
Support for continued professional development and certification.
Education Bachelor’s: Business Administration, Bachelor’s: Finance, Bachelor’s: Marketing
Work Experience General Experience – 13 months to 3 years
Certifications Securities Industry Essentials Exam (SIE) – Financial Industry Regulatory Authority (FINRA)
Travel Less than 25%
Workstyle Hybrid
EEO Statement At Raymond James, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal‑opportunity employer and makes all employment decisions on the basis of merit and business needs.
#J-18808-Ljbffr