Careers

Job Description

Job Description:

• Responsible for working with product management, actuarial, and 2nd line risk to develop life underwriting department, including policies and procedures and underwriting standards.
• Exercise life underwriting authority in concert with risk management to extend appropriate life insurance solutions to customers in target market according to underwriting process.
• The incumbent will manage all aspects of the life underwriting department including: 1) adhering to underwriting policy, 2) meeting customer and sales SLAs, 3) managing future life underwriting staff, 4) deciding on in source or out source decisions on underwriting services provided, 4) Reviewing exceptions with 2nd line risk partners, 5) work with IT to ensure all underwriting systems are efficient and effective.

LEGAL: Manages diverse administrative functions usually for a very large, complex department or for a complete line of business that may be regional or national in scope, often requiring associates in one or more location. Functions managed may include: financial control/budgeting and consolidation, personnel processes, audit/compliance, premises, and coordination of certain projects, associate training, service quality, process improvement, business continuity, or communication. Consults with senior management in evaluating current methods and developing strategies to implement changes and improvements. Requires a thorough knowledge of the department or business units functional area or products. Working knowledge of general bank policies, programs and procedures and financial/accounting practices. Generally has full management responsibility over a relatively large team and may manage one or more levels of managers.

  Qualifications

Required Skills:

- 10+ years of life insurance underwriting management experience

- Administration and Operations management experience

- Experience with hands on writing of policy and procedures

- Must have excellent underwriting skills

- Prior management experience of at least 10+ employees

- Bachelor Degree



Desired Skills:

-Masters Degree desired

-Chartered Life Underwriter designation desired

-Six Sigma Green or Black belt

-Sales and or line management experience (customer facing)

-Life Insurance Product development experience

Job Requirements

11 - 15 Years

Application Information

• Apply through Bank of America