MultiLife Inforce Illustration Consultant

MultiLife Inforce Illustration Consultant

As a key member of the MultiLife business line, the MultiLife Inforce Illustration Consultant partners with Financial Professionals and internal stakeholders to deliver accurate, compliant illustrations at both the plan and policy level for corporate-owned (COLI) and corporate-sponsored, individually-owned (CSIO) programs. Unlike traditional one-policy-at-a-time work, this role operates at scaleingesting and validating census files, producing composite ("composition") illustrations, and modeling mixed underwriting cohorts (GI / SI / FU) across hundreds or even thousands of lives.

Serving as a subject matter expert in product mechanics and tax testing, the Consultant safeguards data integrity, drives timely turnaround, and ensures a seamless experience for both Financial Professionals and plan sponsors. The role proactively updates projections as conditions evolve, collaborates with internal teams to manage workflows and support case design, and delivers insights into policy performance to guide decision-making. Operating under limited supervision, the Consultant may also mentor colleagues and help elevate team expertise.

Job Responsibilities

• Census-Driven Illustration Production Ingests, validates, and normalizes census files (CSV / XLSX) with strict field mapping (e.g., Client ID, Plan ID, DOB, compensation class, tobacco status, face amounts). Builds composite ("composition") illustrations and plan-level summaries, and generates individual packets when needed for executives, outliers, or exceptions.
• Inforce Re-Projections & Cohort Modeling Executes batch re-projections for plan changes such as salary updates, new entrants or terminations, face-amount adjustments, and premium mode changes. Models mixed underwriting cohorts (Guaranteed Issue, Simplified Issue, Full Underwriting) and rate-class distributions, including tobacco splits and age-band impacts. Translates plan rules (e.g., benefit formulas, caps) into scalable illustration inputs and produces consolidated plan-level outputs such as cash values, cost of insurance, and premium roll-ups.
• Product & Process Expertise Serves as a subject matter expert on life insurance products, tools, and illustration systems. Provides support to Financial Professionals by explaining new products, riders, and features that enhance case design and client outcomes.
• Workflow Management Collaborates with Financial Professionals, underwriting, new business, and client services teams to ensure smooth handoffs and seamless processes from illustration through policy issue.
• Reporting & Insights Delivers data-driven insights on policy performance, historical trends, and scenario modeling to guide client and plan-level decision-making.
• Client Case Support Assists with complex case design by modeling multiple scenarios, tax treatments, and cash-flow strategies to help build optimal solutions for clients and plan sponsors.
• Resource Optimization During periods of lower illustration volume, supports the MultiLife Inforce team with non-financial, routine transactions to maximize operational efficiency and resource utilization.

Knowledge, Skills, and Abilities

Education

Work Experience

Base Salary Range : $70,000 to $85,000

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes : race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.