Manulife

Senior Underwriting Director

Manulife

full-time

Posted on:

Location Type: Remote

Location: Massachusetts • Oklahoma • United States

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Salary

💰 $128,550 - $222,820 per year

Job Level

Senior

About the role

  • Manage all aspects of potentially unlimited total line in close association with reinsurers
  • Select and classify risk according to company philosophy and standards
  • Participate in and provide a leadership resource for projects in the Underwriting Department
  • Be an information resource for underwriters at all levels
  • Combine appropriate attention to established standards of turnaround with higher level of service and professionalism
  • Analyze and interpret medical, non-medical, and financial information
  • Make decisions within approval limits
  • Ensure that complete and appropriate underwriting requirements are completed while at the same time practicing effective expense management
  • Management of reinsurance process to ensure maximum capacity while avoiding reinsurance “gridlock”
  • Management/control of diversification process as “lead” underwriter on very largest of cases
  • Manage referral/consultation process to ensure that timely and accurate decisions are provided
  • Manage mortality on preferred block of business, through flex guidelines to ensure pricing/mortality expectations are met
  • Ensure consistency and adherence to established departmental guidelines though referral process
  • Actively participate in the development, implementation and management of New Business initiatives
  • Actively participate in the ongoing training and professional development of underwriting team
  • Act as resource/mentor to other members of the underwriting team, particularly at the consultant level
  • Champion appeals and business decisions in concert with the Chief Underwriter
  • Maintain positive and effective relationships with internal and external partners

Requirements

  • Post-secondary education or equivalent work experience
  • Minimum 15 years of underwriting experience
  • Expert knowledge and understanding of medical, non-medical and financial underwriting principles and practices
  • In depth knowledge of unique estate, business and insurance planning tools and techniques
  • In depth/current knowledge of political, economic, financial and legislative events which may impact client needs
  • Expert knowledge of company’s insurance product portfolio and ability to marry that knowledge with an understanding of producer/client need
  • Expert knowledge of reinsurance, market place treaties, agreements and available capacity
  • Exceptional priority management with ability to work effectively under deadlines, balance published service times with an appropriate customer
  • Strong organizational, analytical and problem-solving skills
  • Effective presentation skills
  • Strong written and verbal communication skills
  • Strong customer service orientation
  • Knowledge of and ability to apply project management skills
  • Expert knowledge of insurance contract law and state legislative requirements as they relate to the underwriting and issue of insurance contracts
  • High level understanding of product pricing principals
  • Balance appropriate attention to expense management against the need to secure sufficient and appropriate underwriting information to make the best decision for the client and the company
  • Actively assist field personnel in positioning the Company as the lead underwriter in the market
  • Actively pursue opportunities for development of self and team
  • Develop and maintain effective working relationships with all field personnel and reinsurers
  • Keep current and up to date with the changing compliance and insurance regulatory environment
  • Keep current and up to date with changes in estate/insurance planning strategies
  • Identify departmental problems, recommend solutions and assist in implementation of change including manual updates
Benefits
  • health, dental, mental health, vision insurance
  • short- and long-term disability
  • life and AD&D insurance coverage
  • adoption/surrogacy and wellness benefits
  • employee/family assistance plans
  • retirement savings plans (including pension/401(k) plans)
  • global share ownership plan with employer matching contributions
  • financial education and counseling resources
  • generous paid time off program (up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time)
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
underwritingreinsuranceinsurance contract lawfinancial analysisrisk classificationproject managementmortality managementinsurance planning toolsproduct pricing principlesexpense management
Soft Skills
leadershiporganizational skillsanalytical skillsproblem-solving skillspresentation skillswritten communicationverbal communicationcustomer service orientationpriority managementmentoring