Life Underwriting Analyst
Company: Farm Bureau Financial Services
Location: West Des Moines
Posted on: May 12, 2022
Job Description:
Life Underwriting AnalystDo you have a medical background and/or
previous experience underwriting life insurance? Are you a problem
solver with great analytical thinking skills, as well as strong
organizational skills? Are you a go-getter with high initiative, a
positive attitude and a lifelong learner? If so, this Life
Underwriting Analyst opportunity could be a fit for you!Who We Are:
With Farm Bureau Financial Services, our client/members can feel
confident knowing their family, home, cars and other property are
protected. We value a culture where integrity, teamwork, passion,
service, leadership and accountability are at the heart of every
decision we make and every action we take. We're proud of our more
than 80-year commitment to protecting the livelihoods and futures
of our client/members and creating an atmosphere where our
employees thrive. What You'll Do: As our Life Underwriting Analyst,
you will be responsible for providing data, reporting, guidelines,
and consulting other underwriters on questionable cases. You will
work closely with the Director of Life Underwriting and the Chief
Underwriter. You will also assist the Chief Underwriter in the
development and implementation of departmental policies and
procedures. Additional responsibilities will include:
- Experience with medical, non-medical, and data driven life
underwriting.
- Assist in the development and implementation of strategic
objectives, underwriting strategies, and underwriting best
practices.
- Utilize underwriting data analysis to identify performance
trends, themes, opportunities for improvement, and any gaps in
current data.
- Ability to break down and understand complex business problems,
define, and implement solutions.
- Ensure life applications are underwritten in accordance with
FBL policy by serving as a referral source for complex
policies.
- Provide mortality experience consistent with the expectations
of the Life Actuaries by evaluating and applying risk
classification principals to life insurance coverage.
- Assist in setting underwriting policy as it relates to risk
appraisal.
- Research new data sources, technology, legislation and keep
current with the underwriting industry.
- Assist with underwriting rule development in Underwriting Work
Bench.What It Takes to Join Our Team:
- College degree or equivalent and 3-5 years underwriting and
data analytics experience.
- Must keep current with governmental regulations, industry
changes, and risk selection through continuing education,
attendance at underwriting meetings, and consultations with the
Medical Director and Chief Underwriter.
- Able to analyze information and make sound decisions which
support the company's philosophy and direction.
- Some travel may be required.
- Must be proficient with Word, Excel, PowerPoint, and reporting
software applications.
- Experience with R-Shiny, PowerBI, Minitab preferred.
- Exceptional oral and written communication skills are needed to
succeed in this role.
- Highly effective in building strong cross-functional
relationships with sales force and other internal
organizations.
- Ability to work independently and take initiative to manage a
variety of responsibilities with constantly changing
priorities.
- Preferred FLMI - Fellow, Life Management Institute and FALU-
Fellow, Academy of Life Underwriting
- Must be able to work from our office located in West Des
Moines, IA (hybrid work options available).What We Offer You: When
you're on our team, you get more than a great paycheck. You'll hear
about career development and educational opportunities. We offer an
enhanced 401K with a match, low cost health, dental, and vision
benefits, and life and disability insurance options. We also offer
paid time off, including holidays and volunteer time, "dress for
your day", and teams who know how to have fun. You will also have
access to a wellness facility with fitness classes and programs, a
daycare center, a cafeteria, and a medical clinic at our Corporate
Headquarters in West Des Moines.If you're interested in joining a
company that appreciates its employees and offers great benefits,
we invite you to apply today. Farm Bureau....where the grass really
IS greener!Work Authorization/Sponsorship: Applicants must be
currently authorized to work in the United States on a full-time
basis. We are not able to sponsor now or in the future, or take
over sponsorship of, an employment visa or work authorization for
this role. For example, we are not able to sponsor OPT status.
Keywords: Farm Bureau Financial Services, West Des Moines , Life Underwriting Analyst, Professions , West Des Moines, Iowa
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