Provides direction, control, and continuous improvement of institutional underwriting services supporting the Institutional Solutions business, including Pension Risk Transfers (PRT), Structured Settlements, Guaranteed Investment Contracts (GICs), Funding Agreements, Funding Agreement‑Backed Notes (FABNs), and other institutional retirement and investment products.
Accountable for underwriting results delivered through Underwriting Managers in compliance with Company policies, risk guidelines, and regulatory requirements. Responsible for implementation of underwriting strategy, earnings enhancement initiatives, support of new product development, and oversight of technical enhancements supporting underwriting activities from pricing through contract installation.
WHAT WE CAN OFFER YOU:
Estimated Salary(Levels have variable responsibilities and qualifications):
Director, Institutional Underwriting: $138,500 - $235,500 plus annual bonus opportunity
401(k) plan with a 2% company contribution and 6% company match.
Work-life balance with vacation, personal time and paid holidays. See our benefits and perks page for details.
Applicants for this position must not now, nor at any point in the future, require sponsorship for employment.
WHAT YOU''''LL DO:
Underwriting Leadership & Execution
Direct day‑to‑day institutional underwriting activities through Underwriting Managers supporting PRT, Structured Settlements, and related products, ensuring consistent application of underwriting standards, pricing assumptions, and risk guidelines.
Risk Oversight & Decision Authority
Review, consult on, and approve complex or high‑exposure institutional transactions and underwriting exceptions within assigned authority to ensure appropriate risk selection and profitable outcomes.
Strategy Implementation & Earnings Enhancement
Implement underwriting strategies aligned with business objectives, including earnings enhancement initiatives, market competitiveness, and support for new institutional product development.
Technical & Platform Oversight
Provide underwriting leadership and oversight for system, model, and process enhancements impacting institutional underwriting, in partnership with Actuarial and Technology (ART), from pricing through installation.
Governance, Compliance & Controls
Ensure underwriting practices comply with Company policies, governance standards, and applicable legal and regulatory requirements; support audits, reviews, and risk oversight activities.
Talent, Performance & Continuous Improvement
Develop and maintain an engaged and accountable underwriting management team; monitor performance, quality, and service levels; and drive continuous improvement in productivity and operational effectiveness.
WHAT YOU'LL BRING:
Institutional Underwriting & Risk Expertise
Extensive experience underwriting complex, long‑duration institutional annuity or investment products, such as PRT, GICs, funding agreements, or similar solutions, with strong risk selection and pricing judgment.
Leadership & Strategic Execution
Demonstrated ability to lead through managers, implement underwriting strategy, drive change, and balance risk discipline with profitability and growth objectives.
Financial, Analytical & Technical Acumen
Strong financial and analytical skills to evaluate complex institutional transactions, with the ability to partner effectively on pricing models, underwriting systems, and process enhancements.
Collaboration & Communication
Proven ability to build effective relationships and communicate underwriting positions and recommendations across Actuarial, Investments, Technology (ART), Product, Operations, and senior leadership.
PREFERRED:
Advanced Industry Knowledge
Experience with Pension Risk Transfer (PRT) transactions, Funding Agreements, FABNs, Structured Settlements, or other institutional retirement and investment products
Professional Designations & Education
Advanced degree in Business, Finance, Economics, Risk Management, or related field and/or professional designations
Institutional Markets Expertise
Knowledge of institutional investment markets, asset-liability management principles, and the interaction between underwriting, actuarial, and investment functions.
Transformation & Technology Leadership
Experience leading underwriting transformation initiatives, including implementation of underwriting platforms, pricing models, workflow automation, or data analytics capabilities.
Regulatory & Governance Experience
Familiarity with insurance regulatory frameworks, governance practices, and risk management standards applicable to institutional insurance products.
Executive Influence
Demonstrated success presenting complex underwriting decisions, risk positions, and business recommendations to executive leadership and cross-functional stakeholders.
Why You'll Love It Here
This is your chance to inspire and guide teams and stakeholders on a journey toward greater efficiency, agility, and excellence in technology, while modernizing. Your work will directly improve how teams interact with our systems, and you'll see the tangible impact of your efforts every day. You'll be joining a team of strong technical servant leaders who values bias toward action, extreme ownership, and radical transparency. If you're ready to roll up your sleeves, make hard decisions, and put in some solid work, you'll thrive here.
We value diverse experience, skills, and passion for innovation. If your experience aligns with the listed requirements, please apply!
If you have questions about your application or the hiring process, email our Talent Acquisition area at careers@mutualofomaha.com. Please allow at least one week from time of applying if you are checking on the status.
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Fair Chance Notices
Mutual of Omaha is a solid, family-oriented company that’s reliable, trustworthy, knowledgeable and caring. We are a full-service, multi-line provider of insurance and financial service products for individuals, businesses and groups throughout the United States. We are committed to providing outstanding service to our policyholders and our dedication to customer service is the cornerstone of our vision and values.
Mission:
Our mission we help our customers protect what they care about and achieve their financial goals.
Vision:
For every customer a financial future imagined, planned, and secured.
Values:
1. We exist for our customers
2. We act with integrity
3. We are innovative
4. We are accountable for results
5. Together we achieve greatness.
Securities offered through Mutual of Omaha Investor Services, Inc., a Registered Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Mutual of Omaha Investor Services, Inc. a SEC Registered Investment Advisory Firm. FINRA (www.finra.org)/ SIPC (www.sipc.org). Home Office Address: Mutual of Omaha Plaza, Omaha, NE 68175. The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experiences. Any links to third-party websites and resources are provided solely as a convenience to you and not as an endorsement of the content. We make no representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party. Insurance products and services are offered by Mutual of Omaha Insurance Company or one of its affiliates, Mutual of Omaha Plaza, Omaha, NE 68175. Mutual of Omaha Insurance Company is licensed nationwide. E ach underwriting company is responsible for its own contractual and financial obligations. AFN46357
Specialties
Life Insurance, Disability Insurance, Long Term Care Insurance, Annuities, 401k, Career Opportunities, Employee Benefits, Financial Advisors