Skills & Competencies for Life Underwriting Director
Life Underwriting Director job profile
Book a Demo and Receive a Sample Job ProfileJOB SUMMARY for Life Underwriting Director
Directs and oversees the life insurance underwriting program for individuals and/or groups.
JOB RESPONSIBILITIES for Life Underwriting Director
Responsible for ensuring integrity of underwriting activities and processes. Provides coaching to underwriters and assists on more complex applications.
Life Underwriting Director SALARY RANGE
BASE 50%
$160,831
TOTAL 50%
$194,264
Job Level
M04
Job Code
EX05000276
Education/Degree
Bachelor's Degree
Reports To
Top Management
Life Underwriting Director Skills and Competencies List
10 hard skills or competencies (industry competencies) for Life Underwriting Director
1
Industry Competency –
Insurance Industry
Proficiency Level -4
Level 1 Behaviors
(General Familiarity)
Explains how reinsurance aids in meeting the long-term debts and financial obligations of a business.
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Level 2 Behaviors
(Light Experience)
Locates resources to acquire updates regarding market shifts and regulatory changes in insurance.
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Level 3 Behaviors
(Moderate Experience)
Prepares insurance plans based on client needs to minimize financial risk or losses during uncertain events.
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Level 4 Behaviors
(Extensive Experience)
Monitors industry changes to improve the strategic directions of insurance operations.
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Level 5 Behaviors
(Mastery)
Develops strategic methods for selling insurance policies to increase the profit of our organization.
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2
Industry Competency –
Insurance Legal and Regulatory Environment
Proficiency Level -3
Level 1 Behaviors
(General Familiarity)
Explains the application of insurance regulatory laws to avoid civil penalties and license suspension.
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Level 2 Behaviors
(Light Experience)
Supports the execution of a legal and regulatory framework to promote strict insurance compliance.
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Level 3 Behaviors
(Moderate Experience)
Performs compliance reviews to determine possible violations and deficiencies in insurance regulations.
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Level 4 Behaviors
(Extensive Experience)
Trains teams on new laws and regulations to reduce liability risks and compliance violations.
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Level 5 Behaviors
(Mastery)
Establishes best practices in creating insurance laws and regulations to prevent frauds and malpractices.
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3
Life Underwriting Director
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Life Underwriting Director
Proficiency Level - 4
5
Competency for -
Life Underwriting Director
Proficiency Level - 5
12 soft skills or competencies (core competencies) for Life Underwriting Director
1
Core Competencies –
Business Process Improvement
Proficiency Level -4
Level 1 Behaviors
(General Familiarity)
Names various methods used to practice business process improvement.
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Level 2 Behaviors
(Light Experience)
Suggests changes to the existing processes and structure in our business.
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Level 3 Behaviors
(Moderate Experience)
Recommends the business process management system that meets our business needs.
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Level 4 Behaviors
(Extensive Experience)
Resolves underlying issues that bring about the business process bottlenecks.
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Level 5 Behaviors
(Mastery)
Restructures ways to align business processes with organizational goals.
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2
Core Competencies –
Standard Operating Procedures (SOP)
Proficiency Level -4
Level 1 Behaviors
(General Familiarity)
Lists the typical processes of SOP development.
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Level 2 Behaviors
(Light Experience)
Supports the analysis of our business and operations processes for SOP design and development.
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Level 3 Behaviors
(Moderate Experience)
Researches new tools and techniques for SOP daily management.
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Level 4 Behaviors
(Extensive Experience)
Resolves complex issues arising from SOP practices; develops preventative solutions accordingly.
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Level 5 Behaviors
(Mastery)
Monitors industry for SOP trends and best practices; makes recommendations about those that benefit our business.
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3
Life Underwriting Director
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Life Underwriting Director
Proficiency Level - 4
5
Competency for -
Life Underwriting Director
Proficiency Level - 5
Summary of Life Underwriting Director skills and competencies
There are 10 hard skills for Life Underwriting Director, Insurance Industry, Insurance Legal and Regulatory Environment, Personal Insurance, etc.
0 general skills for Life Underwriting Director.
12 soft skills for Life Underwriting Director, Business Process Improvement, Standard Operating Procedures (SOP), Budgeting, etc.
While the list totals 22 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Life Underwriting Director, he or she needs to be skilled in Business Process Improvement, be skilled in Standard Operating Procedures (SOP), and be skilled in Budgeting.
0 general skills for Life Underwriting Director.
12 soft skills for Life Underwriting Director, Business Process Improvement, Standard Operating Procedures (SOP), Budgeting, etc.
While the list totals 22 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Life Underwriting Director, he or she needs to be skilled in Business Process Improvement, be skilled in Standard Operating Procedures (SOP), and be skilled in Budgeting.
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