The underwriting consultant will work directly with field advisors and clients with insurance applications. This position is responsible for underwriting insurance applications within strict guidelines approval authority minimum $3,000,000 and/or $5,000 monthly benefit on disability.
Key Responsibilities
- Review applications from advisors to determine insurability, categorize the risk to determine the appropriate premium and rating class.
- Review and assess medical and non-medical requirements, partner with medical director, leadership and peers as needed to determine insurability. On average, actively manage case load of 250 plus applications.
- Direct contact with field to gather financial and medical information on clients, communicate underwriting risk assessment decisions and to assist the field throughout the insurance process.
- Provide formal mentoring of less experienced underwriters. Life Insurance approval authority minimum $3,000,000 and/or $5,000 monthly benefit on disability amounts for underwriter trainees.
- Travels to field offices or presents via Web-ex, conference calls, or other available technology for the purposes of coaching, training and relationship building with advisors.
- Quality assurance reviewing randomly selected cases completed by a specific underwriter that have a higher premium value. Review for appropriate thought process and risk assessment decision and providing coaching and feedback.
Required Qualifications
- Bachelors degree or equivalent
- 5-7 years relevant experience with Individual Life and/or Disability Underwriting
- Life Insurance approval authority minimum $3,000,000 and up to $5000 monthly benefit on disability.
- Demonstrated decision making skills.
- Excellent communication skills.
- Demonstrated analytical skills.
- Ability to coach and mentor others.
Preferred Qualifications
- Fellow, Association of Life Underwriters (FALU)
- Certified Life Underwriter CLU
- Life Insurance approval authority up to $5,000,000 and up to $8000 monthly benefit on disability.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 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.
Base Pay Salary
The estimated base salary for this role is $80,100 - $108,100 / 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. Closing Date: 02/08/2025
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
INSUR Insurance
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What We Do
Ameriprise Financial has helped millions of clients feel confident about their financial futures for more than 125 years. Our network of approximately 10,000 financial advisors* delivers personalized financial advice to help clients reach their goals. We believe that with the right advisor, the right advice, and the right firm, life can be brilliant. Ameriprise has corporate locations throughout the U.S. and across the globe, and advisor offices in all 50 states. Learn how you can build your career at Ameriprise Financial. *Ameriprise Financial Q2 2020 Statistical Supplement All content on this page is provided for informational purposes only and should not be used as the sole basis for investment decisions. Ameriprise Financial cannot guarantee future financial results. Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involve investment risks including possible loss of the entire amount invested. By clicking on a hyperlink, you may be directed to a non-Ameriprise website. Be aware that the linked site will be subject to rules, regulation, and privacy and security provisions that are separate, and may differ, from Ameriprise Financial. Investment advisory products and services are made available through Ameriprise Financial Services, LLC., a registered investment adviser.
