Life Underwriting Consultant

Employment Type: Full-time

Location Type: Hybrid or Remote

Salary: Not Specified

Position Overview

Are you passionate about being part of a team that delivers extraordinary care to help individuals and businesses prepare for and protect their retirement? If so, then Nationwide Financial could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do, and we’re looking for associates who are passionate about delivering extraordinary care.

As a Life Underwriting Consultant, you will analyze, select, and classify life insurance applications of considerable technical complexity and exposure to ensure underwriting quality according to established policies, practices, and standards. You will review and make decisions on larger, more sophisticated, or unusual business. This role requires coordinating life selection standards to achieve satisfactory mortality experience and acceptable administrative results. You will have opportunities to provide leadership on projects, departmental committees, and the team by identifying problems and potential solutions, serving as a referral point for less experienced underwriters. You will work with latitude for independent judgment based on your underwriting authority and company standards.

Requirements

• Long Term Care Underwriting experience required.
• Ability to work autonomously and make decisions on a variety of impactful issues.
• Commitment to continuing learning and adaptation.

Key Responsibilities

• Receives, evaluates, and underwrites, on a medical or non-medical basis, more complex life insurance applications up to the 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.
• 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 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, including 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 applies risk-based decision-making skills to determine appropriate requirements and risk class. This includes making fluid-less underwriting decisions and utilizing 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 ... (content truncated)

Company Information

Nationwide Financial is committed to delivering extraordinary care to help individuals and businesses prepare for and protect their retirement. Our associates are passionate about putting customers at the center of everything we do.

Internal Compensation Grade: G4