AVP, Associate Chief Underwriter - Individual Life Insurance

Date: Jul 13, 2019

Location: Hartford, CT, US

Company: Lincoln Financial

Alternate Locations: Concord, NH (New Hampshire); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Work from Home

Relocation assistance will be considered/provided for this opportunity within our company guidelines.

Requisition #60151

About the Company

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $238 billion in assets under management as of December 31, 2018.

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.

 

The Role

As the AVP, Associate Chief Underwriter – Lincoln’s Life Underwriting & New Business area, you will provide strategic leadership to set and support life underwriting policies and procedures. You will establish the underwriting philosophy in conjunction with cross-functional, customer-facing teams.  You will also underwrite the most complex and highest face amount cases and referrals and create strong and sustainable relationships with their respective underwriting teams, as well as with marketing wholesalers and producers.

 

Seeking to carry out the philosophy of the department as determined by the Chief Underwriter and provide strategic direction to enhance change and efficiency?  This is the opportunity for you!

 

Responsibilities

    • Develops & drives life underwriting strategies that support business unit objectives and initiatives
    • Develops & contributes to strategic plans/programs and ensures alignment to enterprise & business unit goals
    • Partners with cross-functional, customer-facing team to establish underwriting philosophy
    • Evaluates, directs & executes all underwriting aspects of the largest face amount cases, including all formal and informal individual life applications greater than $25,000,000
    • Partners & serves as liaison with reinsurers on large/complex cases that require facultative underwriting
    • Builds & maintains strong collaborative relationships with internal stakeholders to develop & implement underwriting policies/procedures
    • Provides underwriting direction to team in partnership with internal stakeholders (actuaries, auditors, medical directors)
    • Directs alignment of underwriting activities to the business plan profitability strategy
    • Ensures his/her assigned area meets objectives pertaining to quality, compliance, regulations, productivity, budget and project management
    • Evaluates & reviews referrals and appeals on the most complex underwriting cases with their respective assigned team member
    • Serves as highest level subject matter expert in individual life underwriting
    • Participates in depositions and/or trials as an underwriting expert
    • Reviews contestable death claims and provides expertise to claims & legal departments
    • Represents Lincoln & presents on underwriting topics at industry meetings
    • Provides underwriting training and mentors team to achieve career & development goals
    • Acquires & shares competitive intelligence internally to institute changes & improvements to our underwriting philosophy & practices as needed
    • Identifies & analyzes atypical marketplace patterns; advises executives on innovations to maximize hidden opportunities
    • Maintains current knowledge of underwriting regulatory rules/requirements and emerging issues/trends, assesses impact & ensures new trends/developments are appropriately incorporated in current & future strategies
    • Identifies, evaluates & resolves issues by negotiating win/win solutions when business unit priorities conflict with enterprise priorities while actively supporting corporate initiatives
    • Encourages dialogue among peers to increase understanding of differing viewpoints, strengthen team cohesion & promote good decision-making
    • Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives

 

Education

    • 4 Year Bachelor's degree or 4+ equivalent work experience (4 years of experience in lieu of Bachelor's) (Minimum Required)
    • Industry course work and professional designations in FALU, FLMI, and CLU preferred

 

Experience

    • 10+ Years of experience in Individual Life Underwriting directly aligned to the specific responsibilities of this role and experience in handling all aspects of highly complex & very large face amount policies (Required)
    • Educational experience and/or proficiency in all aspects of risk selection (medical, non-medical, financial)
    • Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed and logical discussions/presentations.
    • Demonstrates ability to communicate knowledgeably and credibly with senior management and internal constituents.
    • Excellent written and verbal communication skills.
    • Ability to think critically, analyze information and to evaluate the implications of a course of action or solution.
    • Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.
    • Demonstrates strong interpersonal skills with a collaborative style.
    • Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
    • Successfully completes regulatory and job training requirements.

#LI-CA1

 

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

#P5 


Nearest Major Market: Hartford

Job Segment: Underwriter, Claims, Law, Compliance, Insurance, Legal