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Nationwide · 3 months ago

Consultant II, Underwriting Life

United States

Full-time

Remote

Senior Level, Lead/Staff

$108K/yr - $200K/yr

10+ years exp

Nationwide is a company focused on delivering exceptional care to help individuals and businesses prepare for their futures. They are seeking a Life Underwriting Consultant who will analyze complex life insurance applications, make high-stakes decisions, and collaborate with financial professionals to provide tailored solutions. The role involves mentoring peers and driving innovation in underwriting practices.

BankingFinancial ServicesInsuranceLife Insurance

H1B Sponsor Likely

Responsibilities

Underwrite sophisticated life insurance applications with autonomy and precision

Lead initiatives, mentor peers, and serve as a go-to expert

Partner closely with sales and financial professionals to understand client needs and deliver competitive, tailored solutions

Drive innovation through accelerated and intelligent underwriting strategies

Represent Nationwide at industry events and help shape best practices

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 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 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

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, coordinates, and negotiates both automatic and facultative reinsurance within the contractual terms and conditions of Nationwide's various reinsurance treaties and product and market practices

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. Supervises the handling of unusual or challenging cases

Educates internal and external partners on underwriting process, practice and tools. Helps train less experienced underwriting staff. Coordinates, participates and leads training development and delivery for issues or initiatives requiring technical expertise

Works on special projects as assigned, with little to no direction and is expected to develop project plans, requirements, timelines, etc

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

Interprets electrocardiogram tracings received as evidence for life insurance applications. Consults with Medical Director for cases where physician input is required

Determines eligibility for temporary insurance and authorizes disbursement of policy refunds if the 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

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 $10,00,000 for life, up to $1,000,000 sign off for morbidity underwriting, and sign off authority for exceptions on Intelligent Underwriting

Qualification

Life underwriting experienceFALU certificationCLU certificationFLMI certificationFinancial acumenRisk assessment skillsCollaborationContinuous learningDecision makingMentoring

Required

10+ years of life underwriting experience

Strong financial acumen and advanced risk assessment skills

A collaborative spirit and a passion for continuous learning

Confidence and flexibility in making complex decisions and influencing outcomes

Solid foundation for sophisticated financial underwriting

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

Knowledge of managing and interpreting underwriting results

Very comfortable negotiating offers and calling out on offers that are other than applied for to explain reasons to the advisor or sales leader

Proven knowledge of products and reinsurance - is comfortable and has relationships with our facultative reinsurance partners

Excellent verbal and written communication skills for internal/external contacts

Strong collaboration and presentation skills in individual or group settings

Ability to make decisions on highly complex issues and work with minimal direction

Proficiency in conflict resolution

Agile and adaptable

Advanced ability to handle ambiguity in a flexible and responsive manner

Ability to coach, train and mentor other underwriters

Advanced analytical and critical thinking skills

Able to analyze highly complex insurance risks to assess acceptability including policy language, alternative rating plans, methodologies, and reinsurance

Ability to communicate difficult concepts and influence others to adopt a different point of view

Excellent judgment and creative problem-solving skills including negotiation and conflict resolution skills

Proven track record of reaching a solution in situations where there may be multiple options

Able to make difficult decisions and suggest alternative solutions

Consistently draws on appropriate perspectives and resources

Demonstrates strong resilience and supports others through change

Preferred

FALU, CLU, FLMI, and EKG certification preferred

Obtainment of AALU designation

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

Glassdoor3.9

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.

Founded in 1925

Columbus, Ohio, USA

10001+ employees

http://nationwide.com

H1B Sponsorship

Nationwide has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2023 (8)

2022 (2)