Consultant II, Underwriting Life
National Black MBA Association, Frankfort, KY, United States
Job Description Summary
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.
Key Responsibilities
Receives, evaluates and underwrites more complex applications for life insurance up to their maximum handling limit as approved by the Chief Underwriter, protecting confidentiality of documentation and information.
Maintains in-depth knowledge of underwriting manuals, rules, regulations, procedures, medical factors and practices impacting mortality and morbidity underwriting.
Evaluates and accesses applications requiring additional evidence of insurability, determining the need for and authorizing ordering of underwriting requirements such as medical examinations, blood profiles, home office specimens, physician reports, inspection reports, and client interviews.
Applies risk‑based decision‑making in accelerated underwriting to determine appropriate requirements and risk class, including fluid‑less underwriting decisions and alternative medical information.
Evaluates, appraises and quantifies data derived from financial information, establishes insurable interest, handles complex financial underwriting, and assists others through referrals and training.
Reaches terms on, coordinates and negotiates automatic and facultative reinsurance within contract terms of Nationwide’s reinsurance treaties.
Consults with other underwriters, accepts referred cases, motivates team performance, facilitates communication and supervises unusual or challenging cases.
Educates partners on underwriting process, practice and tools, trains less experienced staff, and leads training development and delivery.
Works on special projects with little direction, expected to develop project plans, requirements and timelines.
Meets with field partners, obtains input and feedback to better understand partner needs and expectations.
Interprets electrocardiogram tracings for life insurance applications and consults with Medical Director where needed.
Determines eligibility for temporary insurance, authorizes policy refunds, and authorizes reimbursement for medical records and other fees to confirm evidence of insurability.
Consults with Chief Underwriter, Staff Underwriting, Senior Underwriting Consultants and the Medical Director as needed.
Supports and assists in meeting goals and objectives for territories, special agent programs and contests.
Resolves challenges with effective solutions while improving service time, application quality, underwriting quality and wastage.
Handles up to $10,000,000 in life underwriting, up to $1,000,000 in morbidity underwriting and sign‑off authority for exceptions on Intelligent Underwriting.
Reporting Relationships
Reports to Underwriting Manager or Director.
Typical Skills and Experiences
Education:
Undergraduate studies in a medical related discipline, marketing, insurance, risk management, economics, finance or business management.
License/Certification/Designation:
Obtain AALU designation; pursue professional/technical studies such as CLU or FLMI; EKG Certified preferred.
Experience:
Ten years life underwriting experience.
Knowledge, Abilities and Skills
Medical Underwriting:
Understand anatomy, disease processes and assess mortality and morbidity risk to determine appropriate risk classification.
Financial Underwriting:
Solid foundation in sophisticated financial underwriting, life underwriting principles, basic contract law and interpretation of underwriting results.
Relationships:
Comfortable negotiating offers, explaining differences to advisors or sales leaders, engaging in reinsurance relationships, reaching terms on reinsurance decisions, active participation in industry meetings and the CE program.
Excellent verbal and written communication, strong collaboration and presentation skills. Able to handle highly complex issues with minimal direction, conflict resolution, adaptability, coaching, analytical and critical thinking skills, and creative problem‑solving.
Values
Regularly and consistently demonstrates Nationwide Values.
Job Conditions
Overtime Eligibility: Exempt (Not eligible).
Working Conditions: Normal office environment with option to work from home. Non‑standard hours and some travel may be required.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people to perform a somewhat different combination of duties.
Benefits
We offer medical, dental, vision, life insurance, short and long duration disability coverage, paid time off (minimum 18 days for new hires, prorated quarterly), nine paid holidays, 401(k) with company match, company‑paid pension plan, business casual attire and more. To learn more about the benefits we offer, review our benefits information.
Equal Opportunity Employer
Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic protected by applicable law.
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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.
Key Responsibilities
Receives, evaluates and underwrites more complex applications for life insurance up to their maximum handling limit as approved by the Chief Underwriter, protecting confidentiality of documentation and information.
Maintains in-depth knowledge of underwriting manuals, rules, regulations, procedures, medical factors and practices impacting mortality and morbidity underwriting.
Evaluates and accesses applications requiring additional evidence of insurability, determining the need for and authorizing ordering of underwriting requirements such as medical examinations, blood profiles, home office specimens, physician reports, inspection reports, and client interviews.
Applies risk‑based decision‑making in accelerated underwriting to determine appropriate requirements and risk class, including fluid‑less underwriting decisions and alternative medical information.
Evaluates, appraises and quantifies data derived from financial information, establishes insurable interest, handles complex financial underwriting, and assists others through referrals and training.
Reaches terms on, coordinates and negotiates automatic and facultative reinsurance within contract terms of Nationwide’s reinsurance treaties.
Consults with other underwriters, accepts referred cases, motivates team performance, facilitates communication and supervises unusual or challenging cases.
Educates partners on underwriting process, practice and tools, trains less experienced staff, and leads training development and delivery.
Works on special projects with little direction, expected to develop project plans, requirements and timelines.
Meets with field partners, obtains input and feedback to better understand partner needs and expectations.
Interprets electrocardiogram tracings for life insurance applications and consults with Medical Director where needed.
Determines eligibility for temporary insurance, authorizes policy refunds, and authorizes reimbursement for medical records and other fees to confirm evidence of insurability.
Consults with Chief Underwriter, Staff Underwriting, Senior Underwriting Consultants and the Medical Director as needed.
Supports and assists in meeting goals and objectives for territories, special agent programs and contests.
Resolves challenges with effective solutions while improving service time, application quality, underwriting quality and wastage.
Handles up to $10,000,000 in life underwriting, up to $1,000,000 in morbidity underwriting and sign‑off authority for exceptions on Intelligent Underwriting.
Reporting Relationships
Reports to Underwriting Manager or Director.
Typical Skills and Experiences
Education:
Undergraduate studies in a medical related discipline, marketing, insurance, risk management, economics, finance or business management.
License/Certification/Designation:
Obtain AALU designation; pursue professional/technical studies such as CLU or FLMI; EKG Certified preferred.
Experience:
Ten years life underwriting experience.
Knowledge, Abilities and Skills
Medical Underwriting:
Understand anatomy, disease processes and assess mortality and morbidity risk to determine appropriate risk classification.
Financial Underwriting:
Solid foundation in sophisticated financial underwriting, life underwriting principles, basic contract law and interpretation of underwriting results.
Relationships:
Comfortable negotiating offers, explaining differences to advisors or sales leaders, engaging in reinsurance relationships, reaching terms on reinsurance decisions, active participation in industry meetings and the CE program.
Excellent verbal and written communication, strong collaboration and presentation skills. Able to handle highly complex issues with minimal direction, conflict resolution, adaptability, coaching, analytical and critical thinking skills, and creative problem‑solving.
Values
Regularly and consistently demonstrates Nationwide Values.
Job Conditions
Overtime Eligibility: Exempt (Not eligible).
Working Conditions: Normal office environment with option to work from home. Non‑standard hours and some travel may be required.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people to perform a somewhat different combination of duties.
Benefits
We offer medical, dental, vision, life insurance, short and long duration disability coverage, paid time off (minimum 18 days for new hires, prorated quarterly), nine paid holidays, 401(k) with company match, company‑paid pension plan, business casual attire and more. To learn more about the benefits we offer, review our benefits information.
Equal Opportunity Employer
Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic protected by applicable law.
#J-18808-Ljbffr