Life Underwriting Consultant, Facultative Reinsurance
Position OverviewOur Facultative Life Underwriting team plays a critical role in helping our clients navigate complex medical, non-medical, and financial risks with confidence. We are looking for an experienced, decisive, and client-focused underwriting professional who thrives in a collaborative, fast-paced reinsurance environment.This role is ideal for an underwriter who combines deep technical expertise with strong judgment, the ability to influence client outcomes, and a passion for delivering high-quality decisions. You will be a trusted partner to our clients and an ambassador for Munich Re in the market.Reporting into the 2nd VP, Underwriting Services you will…Independently underwrite facultative life reinsurance cases, applying sound judgment to complex medical, non medical, and financial risks.Provide timely, high quality underwriting decisions supported by clear rationale and consistent documentation.Collaborate with clients and internal partners to resolve inquiries and support competitive outcomes.Represent Munich Re professionally through client interactions and industry engagement.Your Role:Using independent judgment with the manual as a guide only, medically, non-medically and financially evaluate facultative reinsurance applications for life insurance with competitive and quality decisions.Recognize pertinent risk factors and understand insurable risk and financial justification to make strong decisions; ensure appropriate documentation to support these decisions.Keep up with mortality trends and industry underwriting practices of both clients and competitors. Maintain current understanding of client personnel and their business practices.Provide value-added services to clients including prompt responses to telephone inquiries and emailed questions.Provide prompt handling of facultative new business and additional requirements.Provide reasons for underwriting decision and explanation to client underwriter. Have the ability to defend and sell your decision so the client underwriter is confident when presenting the decision to the financial representative.Represent and promote Munich Re with phone contact, industry meetings, business travel to client offices and participation on external reviews/audits.Co-sign cases for team members.Your Profile:Bachelor's Degree8+ years of life underwriting experience, including direct life insurer preferably in the brokerage distribution marketReinsurance underwriting experience preferredIndustry related designation (ALMI, FLMI, AALU, FALU, CLU) preferredStrong knowledge of medical terminology, anatomy and physiologyImpaired/substandard risk experienceAbility to read electrocardiograms preferredStrong medical, non-medical and financial risk assessment abilitiesAptitude for approving greater mortality risk assumptions and cosign work of othersAbility to understand insurance contracts as well as legal process and various products offered in the U.S. life marketDemonstrated client or agent face-to-face skillsPresentations or published article experienceEstablished demonstration of drive and initiative to improve processes and/or client perceptionsParticipation on team projects requiredWhat Can We Offer You?We are proud to offer our employees, their domestic partners and their children a wide range of insurance benefits:Two options for your health insurance plan (PPO or High Deductible).Prescription drug coverage (included in your health insurance plan).Vision and dental insurance plans.Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1× annual salary and AD&D coverage equal to 1× annual salary.Short and Long-Term Disability coverage.Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children).Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).Additional BenefitsA robust 401(k) plan with up to a 6% employer match.Paid time off that begins with 24 days each year, with additional days added for milestone service anniversaries.Eligibility to receive a yearly bonus as a Munich Re employee.A variety of health and wellness programs provided at no cost, including gym fitness reimbursement.Paid time off for eligible family care needs.Tuition assistance and educational achievement bonuses.A corporate matching gifts program that further enhances your charitable donation.Paid time off to volunteer in your community.The base salary range anticipated for this position is $120,503 to $139,530, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.We are an equal-opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.J-18808-Ljbffr