Consultant, Underwriting Rules - Life
About The Position
Are you passionate about being part of a team at a Fortune 100 company with nearly $70 billion in annual sales that delivers extraordinary care to help individuals and businesses prepare for and protect their future? If so, then Nationwide Financial could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care. This opportunity is available for fully remote work. This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program. #LI-Lp1 Job Description Summary Developing the underwriting strategy and ensuring it meets our risk appetite is essential to Nationwide's profitability and overall success. Our team utilizes our analysis and problem-solving skills to enable solutions that drive underwriting efficiency and streamlined approaches. If you are a creative problem solver, have strategic agility, and are an excellent communicator, we want to know more about you! As a Consultant, you’ll play a pivotal role in shaping our underwriting processes by leveraging cutting-edge technology and data-driven insights. Your expertise in rules engine development will drive efficiency, accuracy, and innovation within our underwriting function.
Requirements
- Education: Bachelor’s degree in computer science, Mathematics, Statistics, or related field.
- Experience: 5+ years of experience in developing and managing automated underwriting rules engines for life insurance preferred.
- Knowledge, Abilities and Skills: Strong knowledge of underwriting principles and practices.
- Proficiency in rules engine platforms (e.g., Drools, Blaze Advisor, or similar).
- Strong programming skills (Java, Python, or other relevant languages).
- Familiarity with data modeling and database management.
- Ability to interpret complex data and translate it into actionable rules.
- Understanding of insurance regulations and compliance requirements.
- Excellent communication skills and a team-oriented approach.
Nice To Haves
- License/Certification/Designation: Industry certifications such as FLMI (Fellow, Life Management Institute) or ALU (Associate, Life Management Institute) preferred, but not required.
Responsibilities
- Rules Engine Development: Collaborates with cross-functional teams to design, develop, and enhance underwriting rules engines. Translates complex underwriting guidelines into logical rules. Implements and maintain rules-based decision-making systems to automate routine underwriting tasks. Continuously optimize rules engines to improve risk assessment and streamline processes.
- Data-Driven Decision Making: Analyzes historical data, emerging trends, and market insights to inform rules engine design. Integrates external data sources (such as medical databases, credit scores, and behavioral data) into the rules framework. Ensures rules align with regulatory requirements and company policies.
- Risk Assessment and Pricing: Evaluates life insurance applications based on risk factors, medical history, and lifestyle. Collaborates with actuaries to determine appropriate pricing and risk classification. Utilizes rules engines to assess mortality risk accurately and efficiently.
- Process Optimization: Identifies bottlenecks and inefficiencies in the underwriting process. Proposes enhancements to streamline workflows using rules-based automation. Monitor performance metrics and adjust rules as needed.
- Collaboration and Training: Works closely with underwriters, IT teams, and business stakeholders. Provides training and guidance on rules engine usage to underwriters. Fosters a culture of continuous learning and innovation.
- Quality Assurance: Conducts regular audits to ensure rules engine accuracy and consistency. Investigates discrepancies and address any issues promptly.
- May perform other responsibilities as assigned.
Benefits
- medical/dental/vision
- life insurance
- short and long term disability coverage
- paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
- nine paid holidays
- 8 hours of Lifetime paid time off
- 8 hours of Unity Day paid time off
- 401(k) with company match
- company-paid pension plan
- business casual attire
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
