Nationwide · 7 hours ago
Consultant, Life Underwriting
United States
Full-time
Remote
Senior Level, Lead/Staff
$84K/yr - $126K/yr
10+ years exp
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Responsibilities
Receives, evaluates and underwrites, on a medical or non-medical basis more complex applications for life insurance up to their maximum handling limit as approved by the Chief Underwriter. Protects the confidentiality of documentation and information acquired throughout the underwriting process. Works within broad limits and authority, with minimal oversight, on highly sophisticated assignments requiring niche knowledge in area of expertise.
Maintains in-depth knowledge of manuals, underwriting materials, rules, regulations, procedures medical factors and practices impacting mortality and morbidity underwriting. Maintains a solid understanding of all underwriting administrative systems to conduct business and provides outstanding service to all internal and external customers and field partners.
Evaluates and accesses applications requiring additional evidence of insurability. Determines the need for and authorizes the ordering of, underwriting requirements to include, but not limited to, medical examinations, blood profiles, home office specimens, attending physician reports, inspection reports, client direct interviews, and other essential information.
Develops a strong understanding of the accelerated underwriting process and can apply risk-based decision-making skills to determine the appropriate requirements needed to provide protective value as well as determining appropriate risk class. This may include but not limited to, making fluid-less underwriting decisions as well as the utilization of alternative sources of medical information while maintaining appropriate tolerance for accepting risk.
Consults with other underwriters on the team and accepts referred cases when designated. Suggests innovative solutions, motivates team performance and facilitates open communication to achieve desired results. Resolves challenging and unusual cases with minimal assistance.
Evaluates, appraises and quantifies data derived from personal or business financial information and establishes insurable interest in keeping with the principle of indemnification. Handles complex financial underwriting applications and often assists others through referrals and training on financial underwriting.
Reaches terms on and coordinates both automatic and facultative reinsurance within the contractual terms and conditions of the Nationwide’s various reinsurance treaties, and product and market practices.
Meets and presents with field partners as needed. Acquires input and feedback during these visits to build a better understanding of partner needs and expectations.
Determines eligibility for temporary insurance and authorizes disbursement of policy refunds if the Temporary Insurance Agreement (TIA) is not eligible. Also authorizes reimbursement and for medical records or other fees requested as associated with requirements needed to confirm evidence of insurability.
Interprets electrocardiogram tracings received as evidence for life insurance applications. Consults with Medical Director on cases where physician input is required.
Consults with Chief Underwriter, Staff Underwriting, Senior Underwriting Consultants, and the Medical Director as the need arises.
Supports and assists in meeting goals and objectives for varying territories, special agent programs and contests.
Resolves challenges with effective solutions while maintaining focus on improving time service, quality of application submissions and underwriting quality and wastage.
Handling up to $7,500,000 for life, up to $1,000,000 sign off for morbidity underwriting, and sign off authority for exceptions on Intelligent Underwriting.
Qualification
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Required
Must have experience in Life Underwriting.
Ten years of life underwriting experience.
Undergraduate studies in marketing, insurance, risk management, economics, finance or business management.
Obtainment of AALU designation.
Extensive knowledge of life underwriting principles and practices, including basic contract law.
In-depth knowledge of anatomy, physiology, pathology, medical and non-medical risks as they relate to life insurance.
Very comfortable negotiating offers and calling out on offers that are other than applied for to explain reasons to the advisor or sales leader.
Excellent verbal and written communication skills, characterized by clarity, logic and a willingness to inquire and actively listen.
Well developed presentation skills, characterized by effective communication in a variety of modes, media, and situations.
Proven track record of dealing with ambiguity in a flexible and responsive manner.
Ability to effectively and efficiently make difficult decisions and suggest alternative solutions.
Demonstrates strong resilience and supports others through change.
Possesses a proactive orientation, characterized by clear vision.
Anticipates likely developments and implications, and advises, motivates and can detail breakthrough strategies related to underwriting issues.
Preferred
Participation in, or attainment of, professional/technical studies or designation such as the Chartered Life Underwriter (CLU) and Fellow of Life Management Institute (FLMI).
EKG Certified preferred.
Benefits
Medical/dental/vision
Life insurance
Short and long term disability coverage
Paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
Nine paid holidays
8 hours of Lifetime paid time off
8 hours of Unity Day paid time off
401(k) with company match
Company-paid pension plan
Business casual attire
Company
Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.
10,001+ employees
Funding
Current Stage
Late StageLeadership Team
Jim Fowler
Chief Technology Officer
Ramon Jones
Executive Vice President and Chief Marketing Officer
Recent News
2024-11-08
Google Patent
2024-11-08
Company data provided by crunchbase
