Job DescriptionKey ResponsibilitiesReview insurance application files for new business, reinstatements and coverage change requestsEstablish and maintain effective relationships with producers, including communicating the underwriting decisionBalance investigative costs for tests/assessments versus risk management requirements to make informed underwriting decisions and determine steps to be taken to fully evaluate the application, including identifying additional required information and/or qualified resource assessment reportsOrder required medical tests/assessments, as required. Arrange for any additional required assessments from professional resource contacts and contact the producer to obtain missing application informationResearch, interpret and analyze information relevant to the application, including product details, legislation, rate manuals, medical/drug reference books, applicant insurance history, motor vehicle reports and other relevant sources. Access (decode) confidential medical information related to the applicant through the Medical Information Bureau (MIB)Efficiently document the applicant file on the Underwriting systems as additional information is received. Code and enter data from received medical reports to the information systemComplete a full underwriting assessment of the application following the receipt and review of all required information, considering potentially competing factors such as new/increased business income to Foresters versus risk of significant financial loss. Consult with Chief Underwriter as required on complex underwriting issuesFinalize the underwriting decision within approval limits as assigned by the Chief Underwriter, carefully distinguishing standard from preferred and preferred plus risks,



and authorize issues of the new or revised insurance certificate for approval applications.Initiate processes to refer application files for reinsurance as requiredCompose related correspondence to members/producers related to the information required to assess the application with appropriate reconsiderations, where possible; advisory letters to themember and producer regarding the approval/decline of the application, letters containing confidential medical information to the applicant’s physician related to a decline decisionParticipate in the research, review and analysis of underwriting related legislation and regulations, and current underwriting issues and trends, and participate in the review and development of new/revised underwriting policies, procedures, systems and standards as assigned by the Chief UnderwriterWork with the Medical Director on cases as requiredOther projects and duties as assignedKey QualificationsA minimum of five (5) plus years of underwriting experienceAchieved AALU and working towards FALU/FLMI designationsStrong medical and financial underwriting knowledgeExperience with simplified issue and final expense type productsStrong knowledge of underwriting theory, principles, methods, systems, processes and standards attained from Part One of the Academy of Life Underwriting program and underwriting experienceConsultation skills to make consistent and appropriate underwriting decisions within Foresters policies and standardsConsultation and communication skills to request information from a broad range of resources/professionals as requiredKnowledge of the interpretation and application of underwriting legislation and regulations across the USKnowledge of the Foresters purpose, goals and objectives to ensure compliance of decisions with Foresters policies and standardsAbility to learn and understand in detail, Foresters insurance products and contact provisions to review and assess applications in order to make effective underwriting decisionsSalary Range:$71,500.00 - $104,500.00The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.#J-18808-Ljbffr

📌 Senior Underwriter - $71,500 - $104,500 A Year (Winnipeg)
🏢 Foresters
📍 Winnipeg