Winged Keel Group is the premier national high-end life insurance platform. With 12 offices nationally, the firm specializes in the structuring, implementation, and administration of Traditional Life Insurance, Business Continuation Insurance, Private Placement Life Insurance and Annuities, and Corporate-Owned Life Insurance portfolios. For more information on Winged Keel Group, please visit www.wingedkeel.com.
Position Summary:
The Life Insurance Underwriting Associate is responsible for the coordination and management of all aspects of the underwriting and implementation process. This includes providing efficient, pro-active service to clients, negotiating with the life insurance companies, and having in-depth knowledge of life insurance products and carriers, applications and the underwriting process.
Position Responsibilities:
General underwriting case management
Provide regular case status updates to the Client Relationship Managers (CRMs) and Project Managers (PMs)
Ensure that status updates are emailed to clients and advisors either directly or through the CRMs and PMs regularly
Confirm that agent is contracted, licensed, and appointed
Conduct 15-30-minute telephone interviews with clients or advisors to collect their personal, financial, medical, and avocation history
Schedule medical exams, send reminders and follow up to ensure successful completion
Coordinate ordering of APS records and review records upon receipt to assess medical history
Negotiate with carrier underwriters for best possible risk classification and elimination of additional requirements
Understand how final offers will impact the case design and work cooperatively with design analysts to update the design appropriately
Complete and review life insurance application paperwork
Work closely with insurance company case managers to ensure all items are processed and policies are issued in an efficient and timely manner
Prepare and send Portfolio Summaries to clients after coverage has been placed inforce
Breakdown underwriting files and inform Client Services team of future administrative obligations for the portfolio
Ideal Candidate will Possess the Following:
Strong knowledge of the life insurance underwriting process and life insurance terminology preferred
3-5 years’ experience in the life insurance industry preferred
Knowledge of broker-dealer and licensing preferred
Experience using AI for project based work
Strong understanding of life insurance risk classifications
General medical knowledge (ability to read Attending Physician Statements)
Strong interpersonal and communication skills – written and verbal
Strong negotiating skills
Strong problem-solving skills
Proficient in Word and Excel
Ability to work in a fast-paced environment along a steep learning curve
Ability to organize, prioritize and manage multiple tasks and requests
Ability to work under pressure and meet deadlines while being pro-active
Highly detail oriented
Exercises good judgement
Working Conditions/Demands/Complexity:
Required to work on a computer for a substantial part of the day
Frequent work in the evenings and occasionally weekends, as needed to meet deadlines
A strong fundamental skillset in the above areas from the outset. Candidate will have a unique opportunity to apply and grow these skills in a highly productive, successful, and challenging environment
Work on a hybrid bases from our Needham office
Compensation / Benefits:
Attractive annual compensation package is commensurate with experience
Eligible for annual performance-based bonus
Comprehensive benefit package includes medical, dental, life, disability, 401(k), Section 125, and other voluntary benefits.