Consultant, Group Underwriting

Date: Jun 24, 2019

Location: Omaha, NE, US

Company: Lincoln Financial

Alternate Locations: Atlanta, GA (Georgia); Boston, MA (Massachusetts); Dover, NH (New Hampshire); Omaha, NE (Nebraska); Work from Home

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

Requisition #59342

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 $253 billion in assets under management as of December 31, 2017.

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.

 


GENERAL PURPOSE OF JOB
 

The Consultant independently assesses more complex & higher value financial risks related to LFG insurance products, determines the price at which LFG will accept the risks related to those insurance products, alters coverage plans or levels based upon risk and pricing & binds LFG in transactions for those insurance products. S/he determines whether to accept or reject a risk based upon his/her development & analysis of information regarding the customer/potential customer. This role may have a significant focus on underwriting Accident & Critical Illness regarding pricing, risk, and coverage levels.

 

DUTIES AND RESPONSIBILITIES
 

  • Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future solutions.
  • Champions and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
  • Serves as a resource to team members and applicable internal/external stakeholders on more complex assignments/projects for his/her assigned area(s) of responsibility.
  • Identifies and recommends process improvements that significantly reduce workloads or improve quality for his/her assigned area(s) of responsibility.
  • Consults/Analyze on more complex assignments and/or projects for his/her assigned area(s) of responsibility.
  • Analyzes the more complex & higher value coverage(s) sought by customers &/or potential customers to compare the data & information to determine whether LFG will accept or reject a risk.
  • Develops & analyzes information &/or data including a customer (or potential customer’s) experience rating, loss-history, incident rates, severity rates, prior pricing history & actuarial reports to determine the price that LFG will accept the risks posed
  • Meets with brokers and sales teams to build relationships, discuss target markets, areas of success, and potential pricing strategies to expand share in particular markets.
  • Determines whether to reject a coverage request based upon his/her risk assessment.
  • Analyzes and determines potential modifications in complex coverage(s) &/or coverage levels on multifaceted insurance products based upon customer's price range.
  • Independently determines the price within target ranges at which LFG will accept the risk(s) associated with the more complex insurance product(s) based upon the information & data developed & analyzed on the customer.
  • Binds LFG in financial transactions by committing LFG to provide insurance coverage at the determined rates.
  • Analyzes financial health, performance, operations, and personnel levels of customers/potential customers to independently assess & determine whether additional safeguards or conditions may be necessary to include in pricing and risk assessment
  • Negotiates benefits & pricing on non-experienced rated & experienced rated cases including large cases, with brokers & representative, using established guidelines.
  • Sets price levels within wide-range of authority; including manually rated & experience rated business.
  • Independently prepares and determines coverage & pricing proposals/renewals/amendments by analysis of quote requests from brokers & marketing representatives & data/information regarding the customer.
  • Educates internal & external customers on pricing decisions & underwriting guidelines & to explain underwriting products, policies, procedures & the reasoning behind pricing decisions, coverage decisions & risk rejections.
  • Develops strong relationships with assigned field offices.
  • Compliance responsibilities include adherence to documentation & reporting expectations.

 

EDUCATION AND EXPERIENCE
 

  • 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) (Minimum Required)

  • 3 - 5+ Years Group underwriting Life, STD, LTD experience that directly aligns with the specific responsibilities of the position (Required)

  • Group underwriting Group Accident and Critical Illness and/or Dental experience that directly aligns with the specific responsibilities of the position (Preferred)

 

TRAVEL REQUIREMENTS
 

  • Travel Type: National Domestic
  • Travel Amount: up to 10%

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.

#P3 


Nearest Major Market: Omaha
Nearest Secondary Market: Council Bluffs

Job Segment: Underwriter, Marketing Consultant, Actuarial, Accounting, Change Management, Insurance, Marketing, Finance, Management