Director - Underwriting

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our focus on our clients and strong financial foundation connects our businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers and make a difference for clients, institutions and communities.

Job Description

Position is responsible for staffing, training, and supervising the activities of a life and disability income products underwriting unit. Reviews cases referred by other underwriters. Responsible for underwriting larger, more complex applications and determines to accept, decline, or modify a risk. Has potential authority to write policies up to $10,000,000 of life insurance face amount and $10,000 monthly benefit on disability.

Key Responsibilities

• Act as a decision maker (co-sign/second signature) on large insurance applications which exceed an underwriter's approval authority limit and are submitted as referrals for decision, escalation, or repricing.
• Manage projects within the Underwriting department with varying timelines and required knowledge; use data analytics to improve the underwriting process.
• Coach, develop, train, lead, and manage performance and career progression; handle administrative management (HR, PTO planning, etc.) and monthly 1:1s with direct reports.
• Provide technical leadership in underwriting training, field training, guideline creation/maintenance, and quality review (semi-annual Thought Measure assessments).
• Handle appeals and escalated service issues generated by the underwriting process.
• Plan, develop, and deliver field training as needed.

Required Qualifications

• Bachelor's degree or equivalent (4 years)
• 7-10 years of relevant experience
• Superior analytical skills
• Strong communication skills
• Previous experience leading teams
• Has or is actively working towards at least one professional designation such as FALU, CLU, FLMI, ChFC
• In-depth underwriting technical expertise and knowledge of specific underwriting areas
• Visa Sponsorship
• Applicants must have a valid work authorization that does not require visa sponsorship for employment in the United States

In-Office Collaboration & Work Environment

We are client-centric and believe in face-to-face collaboration. Employees work in the office at least four days per week, with flexibility for one work-from-home day per week. Some roles may require additional in-office time; specifics will be discussed during the hiring process.

Compensation & Benefits

The estimated base salary for this role is $107,000 - $147,100 per year. Our pay-for-performance philosophy means total compensation may vary based on knowledge, skills, experience, and location. Most roles are eligible for variable pay in the form of bonuses, commissions, and/or long-term incentives. We offer a comprehensive benefits program, including vacation, sick time, 401(k), health, dental, and life insurances.

Job Type: Full-time • Exempt • Job Family: Business Support & Operations • Line of Business: INSUR Insurance

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, marital status, or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter.

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