Life Underwriting Supervisor supervises group of underwriters who review, analyze and inspect life insurance contracts. Accepts, modifies or declines a risk through evaluation of an individual's medical history or physical condition, occupational hazards, financial background, insurable interest and other information. Being a Life Underwriting Supervisor analyzes various rate plans utilizing the organization's claims history to determine the appropriate rate plan and benefits costs. Familiar with current legislative and compliance processes affecting life insurance. Additionally, Life Underwriting Supervisor may evaluate reinstatements and changes in existing policies. May have designations or course work toward the CLU, FLMI, etc. Has a sound working knowledge of medical terminology. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Life Underwriting Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Life Underwriting Supervisor typically requires 3 years experience in the related area as an individual contributor. (Copyright 2024 Salary.com)
As an Underwriting Supervisor, you will be responsible to develop and maintain underwriting strategies and procedures to minimize risk and ensure a controlled environment. This includes contributing to long term planning as well as initiatives geared toward operational excellence. This role also supports maintaining adherence to investor and regulatory requirements, capacity model, staffing, and offshore alliances with other line of businesses.
In addition, you will communicate decision (approval, suspense, denial) to appropriate individuals or to other line of business, and uphold fair lending practices of JPMorgan Chase Mortgage. Ensuing underwriting team meets targets for productivity, quality, and customer satisfaction, and perform second review of underwritten denials.
Chase is one of the largest U.S. providers of banking, lending, treasury, wealth management and investment services. Chase serves 50 million customers, including consumers, small businesses, mid-size companies, corporations, financial institutions, non-profits and governments. The focus of Chase’s Home Lending business is to deliver an unmatched customer experience through building lasting relationships, exceeding expectations, being courteous and professional, doing the right thing and owning customer inquiries from start to finish.
This is a hybrid role (3 days in office/2 remote)
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