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Chief Underwriter (Charlotte, NC (Hybrid) or Fully Remote)

Company: Brighthouse Financial
Location: Charlotte
Posted on: November 27, 2022

Job Description:

Req Id: 4122Job location: Charlotte, NC, US, 28277Where you'll work:Our hybrid workplace model offers the freedom to work fully remote or occasionally in one of our offices. This is a remote position with a hybrid option for candidates based in Charlotte, NC.How you'll contribute:As a Leader, Mortality Insights, Controls and Medical Services, you'll be responsible for the management and oversight of the Brighthouse life insurance underwriting philosophy and the controls necessary to ensure we achieve our expected mortality and morbidity results, protect against fraud and anti-selection, and adhere to our best in cost model. This person is directly responsible for Medical Services, Mortality Insights, Mortality and Protective Value Studies, Claims Oversight, Audit, and Underwriting Development. They will also provide expert consultation on individual risks, litigation and regulatory matters, and work with the Head of Underwriting on strategic and operational matters.In this role, you'll get to:--- Manage overall life underwriting risk assessment process for Brighthouse Financial, impacting Company bottom line and producer satisfaction. Has authority to veto acceptance of any risk and can only be overridden by Head of Underwriting.--- Provide medical and financial underwriting expertise and consultative services to underwriters, including training curriculum development and delivery regarding highly complex underwriting situations, such as medical assessments, foreign travel, aviation, avocation, and financial underwriting.--- Coordinate with the Product, Pricing, Operations and Underwriting leadership in setting life insurance underwriting strategies, driving the transformation of risk selection processes while balancing the need to maintain and improve mortality results and comply with appropriate insurance and financial services regulations. Includes setting the underwriting strategy, philosophy, guidelines and procedures for Brighthouse Financial.--- Consult with Head of Underwriting on requests for high profile, large premium cases, and provides input into new product development and application form content.--- Manage the audit and control functions for Life Underwriting.--- Manage the medical team, including medical consultants.--- Provide expert review on claim and rescissions, as well as regulatory or legal matters. May represent the Company on regulatory or litigation matters. Charged with handling of claims payments in excess of $500,000 and general administrator oversight in claims handling matters.--- Grant adjustments to individual underwriter authority up to Brighthouse corporate retention following case audits and reviews.--- Analyze and provide sign off for individual underwriter audit results, acting as liaison between auditor, underwriter, and leadership.--- Support Underwriting Data & Analytics with the development, content and delivery of mortality and protective value studies.--- Support underwriting vendor relationships.--- Manage other projects as assigned by Head of Underwriting.We're looking for people who have:--- Minimum of 15 years individual life underwriting experience underwriting multi-million dollar, highly complex life cases. Long Term Care underwriting experience helpful.--- Experience with oversight and auditing functions required.--- Experience with contestable claims evaluation and living rescissions strongly preferred. Background in claims and/or Long-Term Care underwriting helpful.--- Minimum life underwriting individual authority of $10Million or more.--- Previous experience crafting and implementing underwriting procedures preferred.--- Expert understanding of: all risk factors relating to mortality risk management (medical, financial, occupational, environmental, etc.); insurance principles including mortality, insurable interest and actuarial theory; compliance with insurance, privacy and FINRA regulations; reinsurance treaties, pool agreements and auto-bind retention limits; and individual life insurance products and riders.--- Holds FALU, FLMI and/or CLU industry designations and bachelor's degree--- FINRA Series 6 and 26 preferred.--- Demonstrates sound business judgment, produces results, focuses on customers, and have excellent negotiation, relationship building and influencing skills.--- Ability to partner with senior executives across distribution, operations, product development, finance, etc. Experienced leader with the ability to attract, select, develop and manage the performance of highly skilled professional associates.--- Excellent interpersonal and communication skills. Able to interact effectively within and without the enterprise at all levels to build strong cooperative relationships that drive profitable sales.--- Ability to understand process, technology, underwriting and service across the various distribution channels and administrators. Strong negotiation skills and ability to influence and gain consensus of individuals with whom they do not have a direct reporting relationship--- Ability to develop strategies, create, and implement plans to solve problems. Experience in leading the development, execution, and measurement of strategic plans.--- Handles multiple priorities with tight and shifting deadlines--- Strong financial acumen to understand business value and make recommendations on vendor expenses.--- Proven success as a leader and manager--- High personal impact, self-starter, critical thinkerResearch shows some people may not apply for a role if they don't check all the boxes of a job description. If you don't check every box listed, that's okay. We would love to hear from you.People you'll work with:--- Direct Reports/Team: 8 Direct reports. Titles of the Direct reports: Associate Chief Underwriter, Senior Life Underwriting Auditor, etc.--- Other Key Stakeholders: This position will work closely with the leader of product compliance on filing and updating new life applications, the leader of product on sales concepts and mortality expectations, our compliance and government relations teams on market conduct and regulatory affairs, and our legal partners surrounding litigation matters.What you'll receive:--- Compensation - Base salary ranging from $165,000 to $190,000 plus competitive performance-based incentives determined by company and individual results--- Flexible Work Environment - Work fully remote or occasionally in the office to better thrive in all areas of life--- Paid Time Off - Recharge with a minimum of 25 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time--- Financial Health - Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services--- Health and Wellness - Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family--- Family Support - Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and reimbursement up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey--- Life and Disability Support - Gain access to company-paid basic life insurance and short-term disability insuranceTravel :NoneNumber of Openings :1The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We'd love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.Why join us?Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S., and we specialize in products designed to help people protect what they've earned and ensure it lasts.We empower employees to collaborate and create space for people to bring their passion to work and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences. You can find out more about our company culture by visiting We're proud to be a FORTUNE 500 company and recognized as one of Charlotte's Healthiest Employers by the Charlotte Business Journal. We're also honored to be named to Newsweek's inaugural list of America's Most Trusted Companies. Ranked by 2020 admitted assets. Best's Review : Top 200 U.S. Life/Health Insurers. A.M. Best, 2021. From FORTUNE 2022 Fortune Media IP Limited. All rights reserved. Used under license. FORTUNE and FORTUNE 500 are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Brighthouse Financial.PI

Keywords: Brighthouse Financial, Charlotte , Chief Underwriter (Charlotte, NC (Hybrid) or Fully Remote), Accounting, Auditing , Charlotte, North Carolina

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