Underwriting Consultant Principal - Innovations | Remote (Minneapolis)

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

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 equality in our communities.

What you do:

As Underwriting Consultant Principal - Innovations, you'll play a key role in 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. In this role, you will work closely with the Underwriting leadership, Actuarial, Reinsurance, Forensic Underwriting, and the Innovations Team to bring automation and streamlined processing into the underwriting workflow. Working with the vendor manager and others, you will build strong relationships with key vendor relationships, as well as identify new opportunities. You will be a key 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 thrives in a fast-paced, collaborative culture, you're a perfect fit for Allianz Life. You will report to 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, when appropriate to test new tools and processes.
• Meets regularly with key stakeholders, reinsurers, and vendors to keep abreast of new technology, data sources, and processes that can improve the underwriting process.
• Works closely with Life Ops Enablement Team to identify key 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 impacting pricing assumptions.
• Will present findings, recommendations, and roadmap plans to all levels of leadership.
• Build out future state of the innovation platform
• 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.
• Utilization of artificial intelligence tools and resources (e.g. generative AI).

What you bring:

• 7+ years of underwriting experience with proven proficiency in all underwriting processes and philosophies to include strong 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
• Strong 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 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
• You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas.

Job posting range: $100,000 - $150,500

Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth. 

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, flexible spending and health savings accounts, tuition reimbursement, student loan retirement program, 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 is fair, caring, and inclusive. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer. For additional information regarding What It's Like To Work Here | Allianz Life . 

99668 | 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. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow. #LI-TD1