Consultant, Underwriting Life

Nationwide•Town of Wirt, NY

23h•Remote

About The Position

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 a more complex nature according to established underwriting policies, practices and standards. This includes coordinating life selection standards according to underwriting practices and procedures. We'll count on you to demonstrate self-directed leadership on special projects and departmental committees. You'll also have opportunities to assume an informal leadership role by identifying problems and potential solutions within the team. In addition, you may serve 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. You will likely have multi-distribution, or multi-carrier experience.

Requirements

Undergraduate studies in 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).
Ten years of life underwriting experience
Medical Underwriting: Understands the anatomy of the human body and disease processes and can assess the impact of an individual’s mortality and morbidity risk and can translate that to assess the appropriate risk classification.
Solid foundation for complex financial underwriting.
Extensive knowledge of life underwriting principles and practices, including basic contract law.
In-depth knowledge of anatomy, physiology, pathology, medical and non-medical risks as they relate to life insurance.
Knowledge of handling and interpreting underwriting results.
Very comfortable negotiating offers and calling out on offers that are other than applied for to explain reasons to the advisor or sales leader.
Proven knowledge of products and reinsurance - is comfortable and has relationships with our facultative reinsurance partners.
Can reach terms on reinsurance decisions.
Actively involved in industry meetings/conferences and our CE program.
Excellent verbal and written communication skills, characterized by clarity, logic and a willingness to inquire and actively listen.
Well developed presentation skills, characterized by effective communication in a variety of modes, media, and situations.
Proven track record of dealing with ambiguity in a flexible and responsive manner.
Maintains comfort with uncertainty, risk, and challenge.
Ability to effectively and efficiently make difficult decisions and suggest alternative solutions.
Consistently draws upon appropriate perspectives and resources.
Negotiates skillfully in difficult situations, with both internal and external groups.
Able to communicate difficult concepts and influence others to adopt a different point of view.
Demonstrates strong resilience and supports others through change.
Possesses a proactive orientation, characterized by clear vision.
Anticipates likely developments and implications, and advises, motivates and can detail breakthrough strategies related to underwriting issues.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Regularly and consistently demonstrates the Nationwide Values.

Nice To Haves

EKG Certified preferred.

Responsibilities

Receives, evaluates and underwrites, on a medical or non-medical basis more 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.
Works within broad limits and authority, with minimal oversight, on highly sophisticated assignments requiring niche knowledge in area of expertise.
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 all 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 to include, 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 can apply risk-based decision-making skills to determine the appropriate requirements needed to provide protective value as well as determining appropriate risk class. This may include but not limited to, making fluid-less underwriting decisions as well as the utilization of alternative sources of medical information while maintaining appropriate tolerance for accepting risk.
Consults with other underwriters on the team and accepts referred cases when designated.
Suggests innovative solutions, motivates team performance and facilitates open communication to achieve desired results.
Resolves challenging and unusual cases with minimal assistance.
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 and coordinates both automatic and facultative reinsurance within the contractual terms and conditions of the Nationwide’s various reinsurance treaties, and product and market practices.
Meets and presents with field partners as needed. Acquires input and feedback during these visits to build a better understanding of partner needs and expectations.
Determines eligibility for temporary insurance and authorizes disbursement of policy refunds if the Temporary Insurance Agreement (TIA) is not eligible. Also authorizes reimbursement and for medical records or other fees requested as associated with requirements needed to confirm evidence of insurability.
Interprets electrocardiogram tracings received as evidence for life insurance applications.
Consults with Medical Director on cases where physician input is required.
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 $7,500,000 for life, up to $1,000,000 sign off for morbidity underwriting, and sign off authority for exceptions on Intelligent Underwriting.
May perform other responsibilities as assigned.