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Life Underwriting Consultant, Facultative Reinsurance

Location Atlanta, United States Job type Full-Time Work mode Remote Job level Professional Job ID 10758 Company Munich Re Life US Employment type Regular Area of expertise Claims & Underwriting
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***Please note that we are also open to a fully remote work arrangement for this position (in the United States)***

Position Overview

Reporting into the 2nd VP Underwriting Services, you will use sound underwriting judgment to review life insurance applications, build strong relationships with internal and external stakeholders, and keep up with mortality trends in the industry.

Your Role:

  • Using independent judgment with the manual as a guide only, medically, nonmedically and financially evaluate facultative reinsurance applications for life insurance with competitive and quality decisions.
  • Recognize pertinent risk factors and understand insurable risk and financial justification to make strong decisions; ensure appropriate documentation to support these decisions.
  • Keep up with mortality trends and industry underwriting practices of both clients and competitors. Maintain current understanding of client’s personnel and their business practices.
  • Provide value added services to clients including providing prompt responses to telephone inquiries, emailed questions.
  • Provide prompt handling of facultative new business and additional requirements.
  • Provide reasons for underwriting decision and explanation to client underwriter. Have the ability to defend and sell your decision so the client underwriter is confident when presenting the decision to the financial representative.
  • Represent and promote Munich Re with phone contact, at industry meeting business travel to client’s offices and participating on external reviews/audits.
  • Co-sign cases for team members.

Your Profile:  

  • Bachelor’s Degree
  • 8-10 years of life underwriting experience including direct life insurer preferably in the brokerage distribution market
  • Reinsurance underwriting experience preferred
  • Industry related designation achieved (ALMI, FLMI, AALU, FALU, CLU), or shows commitment to continuing professional education
  • Strong knowledge of medical terminology, anatomy and physiology
  • Impaired/substandard risk experience
  • Ability to read electrocardiograms preferred
  • Strong medical, nonmedical and financial risk assessment abilities
  • Aptitude for approving greater mortality risk assumptions and cosign work of others
  • Ability to understand insurance contracts as well as legal process and various products offered in the US life market
  • Demonstrated client or agent face to face skills
  • Presentations or published article experience
  • Established demonstration of drive and initiative to improve processes and/or client perceptions
  • Participation on team projects required

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance.  By turning uncertainty into manageable risk, we enable fundamental change.  We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.  We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.  We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

  • Comprehensive Medical Plans
  • PTO and Family Leave
  • Retirement Savings Plans
  • Dental and Vision Plans
  • Life and Disability insurance
  • Employee Assistance Program
  • Adoption Assistance
  • Wellness Programs - Calm, WW, SoFI, Virgin Pulse
  • Commuter Benefits
  • FSA and HSA Plans
  • Hospital Indemnity, Critical Illness and Accident Plans

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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