Northwestern Mutual

Underwriting Consultant - Remote.

Wisconsin, United States

Northwestern Mutual Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

Candidates should possess a bachelor's degree preferred or demonstrated consistent success in prior Underwriting roles, evidenced by satisfactory case management and quality reviews. A minimum of 5 years of underwriting experience is required, along with analytical skills and the ability to make independent decisions on complex cases, applying sound judgment and utilizing established rules. Strong written and oral communication skills, proficiency in computer skills, and the ability to work accurately while maintaining speed and flexibility are also necessary.

Responsibilities

The Underwriting Consultant will build relationships with Financial Advisors and internal partners, providing guidance and assistance regarding case underwriting and risk appraisal. They will analyze and appraise insurance applications, approve or decline them based on established standards, solve complex problems and escalations, and utilize advanced UW knowledge to mentor other underwriters. The role involves active case and requirement management, customized service, and communicating and negotiating with Field Partners to explain decisions and assist in policy placement. Additionally, the consultant will actively obtain necessary information, collaborate with medical directors and technical staff, adhere to procedures and regulatory processes, meet quality, service, and production goals, and participate in projects and department initiatives.

Skills

Life Underwriting
Disability Underwriting
Long-term Care Insurance
Risk Assessment
Case Analysis
Reinsurance
Underwriting Standards
Client Communication
Problem Solving
Industry Knowledge

Northwestern Mutual

Provides financial security services, and wealth management

About Northwestern Mutual

Northwestern Mutual offers personalized financial planning, life insurance, and investment services, leveraging leading-edge technology to manage over $125 billion in client assets for more than 4.5 million clients.

Key Metrics

Milwaukee, WisconsinHeadquarters
1856Year Founded
N/ACompany Stage
Consulting, Fintech, Financial ServicesIndustries
10,001+Employees

Benefits

Growing your Career
Compensation & Time Off
Insurance plans
Health Savings Account
Wellness programs & resources
401(k) plan and cash balance contributions

Risks

Fintech platforms like Carefull challenge traditional financial advisory services.
Internal competition may arise from Wellthi's focus on the Black community.
Customer dissatisfaction may grow due to increased retirement age expectations.

Differentiation

Northwestern Mutual maintains the highest financial strength ratings in the industry.
The company launched 'The Great Realization' campaign to refocus customer priorities.
Northwestern Mutual offers a unique Long-Term Advantage product with life insurance benefits.

Upsides

The aging population increases demand for retirement planning and long-term care solutions.
Partnerships with tech firms enhance Northwestern Mutual's data analytics capabilities.
Digital transformation in insurance leads to more personalized customer experiences.

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