Director - Underwriting

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

Position is responsible for staffing, training, and supervising the activities of a life and disability income products underwriting unit. Reviews cases referred by other underwriters. Responsible for underwriting larger, more complex applications and determines to accept, decline, or modify a risk. Has potential authority to write policies up to $10,000,000 of life insurance face amount and $10,000 monthly benefit on disability.

Key Responsibilities

• Act as a decision maker (co-sign/second signature) on large insurance applications which exceed an underwriter's approval authority limit and is submitted as a referral for decision, thought, and/or repricing escalations.

• Management of projects within the Underwriting department. Project time will vary depending upon project and the knowledge required. Use data analytics to improve the underwriting process.

• Responsible for coaching, development, training, leadership, and performance management/career progression, administrative management (HR, PTO planning, etc.), monthly 1:1s with their direct reports.

• Provides technical leadership in the areas of underwriting training, field training, guideline creation/maintenance, quality review (semi-annual Thought Measure assessments), process re-engineering.

• Handle appeals and escalated service issues generated by the underwriting process.

• Plan, develop, and deliver field training as needed.

Required Qualifications

• Bachelors degree or equivalent (4-years)

• 7-10 years of relevant experience

• Superior analytical skills

• Communication skills

• Previous experience leading teams

• Has or is actively working towards at least one professional designation such as FALU, CLU, FLMI, ChFC

• Position requires in-depth underwriting technical expertise and knowledge of specific underwriting areas

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Base Pay Salary

The estimated base salary for this role is $107,000 - $147,100 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.Full timeExemptBusiness Support & OperationsINSUR Insurance

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.