Inforce Illustration Consultant

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September 19

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Penn Mutual

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For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help generations grow stronger by instilling the confidence and reliability that comes from a secure financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive and robust solutions to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit www.pennmutual.com.

1001 - 5000 employees

Founded 1847

📋 Description

• Ingests, validates, and normalizes census files (CSV/XLSX) with strict field mapping • Builds composite (“composition”) illustrations and plan-level summaries, and generates individual packets when needed • Executes batch re-projections for plan changes and models mixed underwriting cohorts and rate-class distributions • Translates plan rules into scalable illustration inputs and produces consolidated plan-level outputs such as cash values, cost of insurance, and premium roll-ups • Serves as a subject matter expert on life insurance products, tools, and illustration systems • Collaborates with Financial Professionals, underwriting, new business, and client services teams to ensure smooth handoffs • Delivers data-driven insights on policy performance, historical trends, and scenario modeling • Assists with complex case design by modeling multiple scenarios, tax treatments, and cash-flow strategies • Supports the MultiLife Inforce team with non-financial, routine transactions during lower illustration volume periods

🎯 Requirements

• Bachelor’s degree in business, finance, actuarial science, or related field • 5-7 years of MultiLife (Executive Benefits) Inforce Illustration experience Preferred, or 7 – 10 years related work experience in the Life insurance industry, Required • Strong knowledge of life insurance products (UL, IUL, VUL) and illustration systems • Experience working with census-driven data, batch processing, or large-scale modeling (hundreds to thousands of lives) • Proficiency with Microsoft Excel (advanced formulas, pivot tables) and ability to validate and normalize large datasets (CSV/XLSX) • Solid understanding of underwriting cohorts (GI/SI/FU), plan rules, and tax considerations (e.g., MEC/7702) • Strong communication and collaboration skills • Highly organized, detail-oriented, and capable of managing multiple priorities with limited supervision • Ability to leverage AI-driven tools and automation technologies to enhance illustration workflows

🏖️ Benefits

• For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals.