Senior Bilingual Underwriting Consultant

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September 19

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BMO U.S.

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Banking • Finance • Fintech

BMO U. S. is a diversified financial services company operating in the United States. It offers a broad range of financial products and services including personal and business banking, mortgage services, investments, financial planning, insurance, and wealth management. Additionally, it provides commercial loans, commercial mortgages, and other financial solutions tailored for small businesses and large enterprises. The company places a strong emphasis on customer service and offers digital and cross-border banking solutions to meet the needs of diverse clients. BMO U. S. is also involved in asset management and capital markets operations, making it a full-service financial institution.

5001 - 10000 employees

🏦 Banking

💸 Finance

💳 Fintech

📋 Description

• Assess early death and early incidence of critical illness for accurate underwriting mortality and morbidity • Assess complex medical and avocational histories including current financial concepts in Individual Life insurance • Assess individual risk within signing authority using underwriting principles • Review and assess AML and governance risk and client applications • Adjudicate client risk factors and review Attending Physician Statements • Review Fair Market Value of corporately owned policies and liaise with client advisory partners • Liaise with specialists, actuaries, medical providers, Reinsurance and Actuarial to determine risk • Calculate underwriting decision and mortality rating; decide on reinsurance sharing and negotiate reinsurance agreements • Update systems, document notes and prepare for audit review • Perform presentations and onsite visits with brokers and MGAs; review special underwriting requests • Keep up to date with medical knowledge and financial market trends • Risk score Universal Life clients and work with Corporate AML office • Review and assess reinsurance decisions and negotiate complex cases • Reserve and manage capacity for large cases; calculate reserve amounts • Provide insight to Director Underwriting on reinsurance trends

🎯 Requirements

• Undergraduate degree • 5-10 years experience in an underwriting environment • ALU II – working towards F.A.L.U. • Business Numeracy (In-depth) • Analytical skills (In-depth) • Negotiation skills (In-depth) • Bilingualism French and English is an asset • Fluent in French and English to support business operations outside the province of Quebec

🏖️ Benefits

• health insurance • tuition reimbursement • accident and life insurance • retirement savings plans • performance-based incentives • discretionary bonuses • other perks and rewards