Life and Health Underwriting Executive
Location: Pinellas Park
Posted on: January 9, 2021
Purpose of JobResponsible for leading a team in setting USAA
Life Company underwriting policy in support of the Chief Life
Underwriter and other senior executives in setting USAA Life
Company underwriting policy. Assures policies, guidelines and risk
classification procedures are aligned with expected mortality and
morbidity performance. Accountable for assisting the Chief Life
Underwriter in overseeing and facilitating the ongoing
transformation of the underwriting process to create sustainable
and delightful member experiences, focused on reducing cycle time,
eliminating process friction, and optimizing automated underwriting
decision-making. Provides day-to-day supervision and management
support for the Life Company underwriting department.Job
RequirementsTasks:Identifies and manages existing and emerging
risks that stem from business activities and the job role.Ensures
risks associated with business activities are effectively
identified, measured, monitored, and controlled. ----Follows
written risk and compliance policies and procedures for business
activities.Creates and provides oversight and supervision of,
internal underwriting operating guidelines and procedures in
support of mortality management policy.--
Establishes medical underwriting policies and practices in
conjunction with Chief Life Underwriter and Medical Directors.
Provides executive thought leadership on complex and unique
underwriting cases and contestable claims. --
Accountable for overseeing and conducting ad-hoc mortality and risk
classification trend analyses.
As a project sponsor for the underwriting innovation journey,
provides oversight and is accountable for delivering defined
benefits while staying within budget and timeline parameters.--
Provides creative input and applies sound underwriting judgment in
consideration of new and emerging technologies to potentially
transform the underwriting process.
Leads the development of the Life Underwriting Policy team toward
optimization of automated underwriting decision-making.--
Accountable for monitoring existing underwriting automation
platform for performance and controls and identifies enhancements
to improve the overall member experience.
Responsible for validating underwriting rule changes to
underwriting system to ensure adherence to Life Company and/or USAA
Ensures compliance with legislation and regulation regarding life
insurance underwriting policies, practices and procedures.
Represents the underwriting discipline in new product development
Collaborates, builds and maintains relationships with reinsurance
and key business partners to promote a culture of continuous
improvement, solve business challenges and meet business goals.
Builds and leads a team of underwriting professionals responsible
for results delivery through recruiting, development, retention,
coaching and performance management.
Acts on behalf of the Chief Life Underwriter in his/her absence.
Minimum Education:Bachelor-'s Degree
4 additional years of related experience beyond the minimum
required may be substituted in lieu of a Degree.Minimum
Experience:10 years of life insurance underwriting experience with
in-depth understanding of medical, non-medical and financial
underwriting principles and practices. ----
4 years of people leadership experience in a life insurance
underwriting function to include building, managing and/or
developing high-performing teams.
Executive-level business acumen in the areas of underwriting
policy, innovation and life insurance industry practices, emerging
trends, major issues and regulatory considerations.
Extensive experience in evaluating new underwriting data sources
with an emphasis on electronic health data.
Experience developing and utilizing accelerated underwriting
processes, including the use of data analytics and third-party
evidence providers (e.g., prescription history).
Deep technical knowledge of underwriting systems.
Experience with underwriting rules engine and rules management.
$10,000,000 or more of Life Insurance Approval authority. --
Experience collaborating with key resources and stakeholders,
influencing decisions and managing work to achieve strategic goals.
Fellow of the Academy of Life Underwriting (FALU).
Fellow of the Life Management Institute (FLMI).Compensation:--USAA
has an effective process for assessing market data and establishing
ranges to ensure we remain competitive. You are paid within the
salary range based on your experience and market position. The
salary range for this position is: $135,200 - $243,500Employees may
be eligible for pay incentives based on overall corporate and
individual performance or at the discretion of the USAA Board of
Directors.Long Term Incentive Plan: Cash payment for Executive only
representing a cash payment which is both time and performance
based.Stipend: (AVP+ only)Benefits:--At USAA our employees enjoy
best-in-class benefits to support their physical, financial, and
emotional wellness.-- These benefits include comprehensive medical,
dental and vision plans, 401(k), pension, life insurance, parental
benefits, adoption assistance, paid time off program with paid
holidays plus 16 paid volunteer hours, and various wellness
programs.-- Additionally, our career path planning and continuing
education assists employees with their professional goals.Please
click on the link below for more details.
Keywords: USAA, Pinellas Park , Life and Health Underwriting Executive, Healthcare , Pinellas Park, Florida
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