At Allianz Life, we are guided by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.
What you do:
As Underwriting Principal – Innovations, you'll meaningfully contribute to Allianz Life's growth and long-term success by researching, evaluating, testing, and implementing new tools and programs to advance the underwriting process, improving the applicant experience, and increasing producer loyalty. You will work with the Underwriting leadership, Actuarial, Reinsurance, Forensic Underwriting, and the AllFinanz Platform Team to bring automation and streamlined processing into the underwriting workflow. Working with the Underwriting Vendor Director and others, you will build strong relationships with key vendor relationships, and identify new opportunities. You will be a main contributor the multi-year roadmap for continuous improvement in the Policy Acquisition Ecosystem.
If you're experienced in all underwriting processes and philosophies, you're a great fit for this role. Technical capabilities aside, if you're a mission-driven self-starter who's comfortable with ambiguity, and who succeeds in a fast-paced, collaborative culture, you're a perfect fit for Allianz Life. You will report into the Underwriting Director.
- Serve as a critical part to the placement of Life Insurance coverage and can directly impact our position in the marketplace and relationship with distribution partners
- Focus on mortality by evaluating risk of death, which includes history, degree of medical maintenance, treatment, and flags of potential future risk
- Performs the research and analysis to prepare recommendations for modifications in current tool usage, as well is implementing new tools.
- Leads pilots to test new tools and processes.
- Meets with important partners, reinsurers, and vendors to keep abreast of new technology, data sources, and processes that can improve the underwriting process.
- Works with Life Ops Enablement Team to identify important areas for automation, including development, implementation, and expansion of the instant decision process.
- Partners with Forensic Underwriter to identify gaps and trends in the fluidless programs, with a goal of increasing the fluid-less rate, without negatively affecting pricing assumptions.
- Will present findings, recommendations, and roadmap plans to all levels of leadership.
Complexity of Assignments: • Requires in-depth knowledge and experience with accelerated/fluidless programs, the use of underwriting digital health data sources, and underwriting rules output. • Uses best practices and knowledge of internal or external business issues to improve process, programs or services. • Prepares and presents at the executive level program results and recommendations.
What you bring:
- 7+ years of underwriting experience with proficiency in all underwriting processes and philosophies to include cardiac background and older age underwriting; ability to handle advanced decision level authorities without a co-signature
- Completion of LOMA 280/281 and 290/291; actively working toward AALU and FLMI; Professional Designations: AALU/FALU and FLMI preferred
- PC and typing skills to include general Microsoft skills required to data enter and process information; extremely comfortable with web-based underwriting analysis tools and imaging systems
- Effective written and verbal communication skills with the ability to build rapport and gain acceptance at all levels internally and externally while exercising diplomacy and resourcefulness
- Critical thinking skills and attention to detail with ability to quickly identify information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events
- Ability to interpret meaning of information for others; translating or explaining what information means and how it can be used
- Ability to develop specific goals, plan, and prioritize work
Range $78,000 - $156,000
Actual base salary may vary based on factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program.
What we offer:
At Allianz Life, we're proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, health savings account, tuition reimbursement, student loan retirement plan, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our great benefits, campus amenities and inclusive, engaged culture are among the many reasons we're recognized as a top workplace employer.
45774 | Underwriting | Professional | Allianz US Life | Full-Time | Permanent
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Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
United States
