[Hiring] Consultant II, Underwriting Life @Nationwide

Role Description

Our underwriters work hard to provide the exceptional customer experience for which Nationwide is known. Actively engaging with our firms and financial professionals to get to know their clients and their needs builds our understanding of the market, what is needed to win business and put our best offer out first.

If you thrive working autonomously, making decisions on a variety of impactful issues and continuing to learn and adapt to grow, we want to know more about you!

As a Life Underwriting Consultant, you'll analyze, select and classify applications for life insurance, of considerable technical complexity and exposure, to ensure underwriting quality according to established underwriting policies, practices and standards. You'll review and make decisions on larger, more sophisticated, or unusual business.

To succeed, you'll need to coordinate life selection standards according to underwriting practices and procedures to achieve satisfactory mortality experience and acceptable administrative results. You'll have opportunities to provide leadership on projects, departmental committees and on the team by identifying problems and potential solutions and be serving as a referral point for less experienced underwriters. You'll work with latitude for independent judgment based on your underwriting authority and company underwriting standards.

Qualifications

• Undergraduate studies in medical related discipline, marketing, insurance, risk management, economics, finance or business management.
• 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.
• Ten years life underwriting experience.

Requirements

• Receives, evaluates and underwrites 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.
• Maintains in-depth knowledge of manuals, underwriting materials, rules, regulations, procedures medical factors and practices impacting mortality and morbidity underwriting.
• Evaluates and accesses applications requiring additional evidence of insurability.
• Develops a strong understanding of the accelerated underwriting process.
• Evaluates, appraises and quantifies data derived from personal or business financial information.
• Reaches terms on, coordinates, and negotiates both automatic and facultative reinsurance.
• Consults with other underwriters on the team and accepts referred cases when designated.
• Educates internal and external partners on underwriting process, practice and tools.
• Works on special projects as assigned, with little to no direction.
• Meets and presents with field partners as needed.
• Interprets electrocardiogram tracings received as evidence for life insurance applications.
• Determines eligibility for temporary insurance and authorizes disbursement of policy refunds.
• 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 $10,000,000 for life, up to $1,000,000 sign off for morbidity underwriting.

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.