Consultant II, Underwriting Life

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.

Key Responsibilities

• 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 applications requiring additional evidence of insurability and authorizes underwriting requirements.
• Develops a strong understanding of the accelerated underwriting process and applies risk-based decision-making skills.
• Handles complex financial underwriting applications and assists others through referrals and training.
• Coordinates and negotiates both automatic and facultative reinsurance within contractual terms.
• Consults with other underwriters and supervises the handling of unusual or challenging cases.
• Educates internal and external partners on underwriting processes and helps train less experienced staff.
• Works on special projects with little to no direction, developing project plans and timelines.
• Meets and presents with field partners to build a better understanding of partner needs.
• Interprets electrocardiogram tracings and consults with Medical Director as needed.
• 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 needed.
• Supports and assists in meeting goals and objectives for varying territories and special agent programs.
• Resolves challenges with effective solutions while improving time service and underwriting quality.
• Handles up to $10,000,000 for life and up to $1,000,000 sign off for morbidity underwriting.
• May perform other responsibilities as assigned.

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

• Understands the anatomy of the human body and disease processes.
• Solid foundation for sophisticated financial underwriting.
• Excellent verbal and written communication skills.
• Ability to make decisions on highly complex issues with minimal direction.
• Advanced analytical and critical thinking skills.
• Ability to coach, train and mentor other underwriters.
• Proficiency in conflict resolution.
• Demonstrates strong resilience and supports others through change.

Benefits

• Medical/dental/vision insurance.
• Life insurance.
• Short and long-term disability coverage.
• Paid time off with a minimum of 18 days each full calendar year.
• Nine paid holidays.
• 401(k) with company match.
• Company-paid pension plan.
• Business casual attire.