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Job Listing

Number of Positions: 1
Job Listing
Job ID: 13890995
 
Job Location:
 

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Job Title:Chief Underwriter - Vice President, Insurance New Business & Underwriting (R23_0000001818)
Work Type:Work Days: Weekdays, Work Vary: No , Shift: First (Day), Hours Per Week: 40, Work Type: Regular
 
Salary Offered:Minimum $15.00 Hourly
Benefits:Unspecified.
 
Physical Required:Unspecified
Drug Testing Required:Unspecified
Education Required:Associate's Degree
Experience Required:24 Months
 
Required Skills:
About Our Company
We're a diversified financial services leader with more than $1 trillion in assets under management and administration. Our team of 20,000 people in more than 20 countries advise, manage and protect the assets and income of more than 2 million individual, small business and institutional clients. We are a long-standing leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial Services, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time
Exempt/Non-Exempt

Exempt
Job Family Group

Business Support & Operations
Line of Business

INSUR Insurance
Preferred Skills:
 
Job Description:
The Chief Underwriter - Vice President, Insurance New Business & Underwriting position is responsible for the Company's underwriting of individual life and disability income insurance. The position is responsible for managing all technical underwriting decisions and guidelines, new business operations and the underwriting services vendors. Works with the Reinsurance Officer in Insurance Products to establish and maintain reinsurance programs. This position has approval authorities within our retention limits.
Key Responsibilities:
Lead Insurance Underwriting, New Business operations and UW Vendor Management for RiverSource life and disability insurance. Also oversees medical director and works with them and UW team to review complex cases.

Provide strategic leadership, budgeting and tracking of financials, and quality review process for Underwriting department. Adapt strategies to changing circumstances as required. Clearly communicate the strategic direction to the team and key partners, including spokesperson to RVS wholesaling and AMP advisors about our UW and new business processes.

Lead the development, review, and adherence to sound underwriting guidelines that align to our priorities and reinsurance guidelines. Manage problem resolution and case specific resolution authority on Underwriting cases which require escalation.

Lead projects in underwriting and new business, including technology initiatives, process improvement and re-engineering efforts to ensure department is operating in an efficient, effective, cost-effective manner.

Partner with reinsurance officer, GCO, Compliance, and Regulatory to assess and prevent risk events for the company. Additional internal partners include Technology, Wholesaling, Marketing, Internal Audit, Claims, etc.

Ensure effective controls are in place to proactively manage risk and remain in compliance with company policies and procedures and government regulations.

Provides leadership to staff and direct reports, including goal setting, mentoring, coaching, and providing ongoing performance feedback.

Required Qualifications:
CLU, FALU, ChFC, CFP or FLMI

Compliance/regulatory/legal knowledge; requires a firm grasp of contract law, suitability, and market conduct issues.

Deep knowledge of Insurance products, guidelines and processes.

Medical knowledge; in depth understanding of anatomy, physiology, medical impairments, medical tests, etc.

Financial/insurance knowledge including estate, tax, retirement, and investment planning.

Exceptional problem-solving skills and decision-making skills combined with strategic vision and the ability to drive projects to successful completion. Strong communication and presentation skills, both written and verbal.

Proven ability to collaborate and influence others at all levels as well as high comfort level working across multiple business units and stakeholders.

Strong organizational skills and attention to detail.

Preferred Qualifications:
Series 26

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