Sr Analyst, Underwriting - Life

Nationwide•Ohio-Work from Home-2, OH

5d•$69,500 - $129,000•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 Specialist, you'll analyze, select and classify applications for life insurance of a moderately complex nature according to established underwriting policies, practices and standards. You'll coordinate life insurance selection standards according to underwriting practices and procedures to achieve satisfactory mortality and morbidity experience and acceptable administrative results. We'll count on you to use independent judgment based on your underwriting authority and company underwriting standards.

Requirements

2 years underwriting experience
medical background
graduation from the training program
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.
Proven foundation for basic financial underwriting - can evaluate the life financial supplement, understands more sophisticated beneficiary situations, e.g., buy/sell agreements, beneficiaries other than immediate family, foreign risks.
Very comfortable negotiating offers and calling out on offers that are other than applied for to explain reasons to the advisor or sales leader.
Basic knowledge of products and reinsurance - is comfortable and has relationships with our facultative reinsurance partners.
Solid verbal and written communication skills for contact with agents, associates, applicants for insurance, policyholders and outside suppliers of underwriting information.
Ability to analyze, assess and classify life insurance risks to achieve company mortality and morbidity objectives.
Ability to understand, anticipate and proactively act on customer needs.
Ability to set work priorities that conform to time, service and quality standards.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Regularly and consistently demonstrates the Nationwide Values.

Nice To Haves

Undergraduate studies in medical related discipline, marketing, insurance, risk management, economics, finance or business management preferred.
LOMA Level 1 Certificate (LOMA 280, LOMA 290) preferred.
Participation in, or attainment of ALU Level 1 Cert (ALU 101, LOMA 280, 290, 311).

Responsibilities

Receives, evaluates and underwrites, on a medical or non-medical basis, mild to moderately 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.
Operates with autonomy but still uses referral points – mentors, staff underwriters and medical staff – as needed.
Maintains in-depth knowledge of manuals, underwriting materials, rules, regulations, procedures medical factors and practices impacting mortality and morbidity underwriting.
Maintains proven 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.
Evaluates, appraises and quantifies data derived from personal or business financial information and establishes insurable interest in keeping with the principle of indemnification.
Coordinates automatic and facultative reinsurance within the contractual terms and conditions of Nationwide’s various reinsurance treaties, 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 for medical records or other fees associated with requirements needed to confirm evidence of insurability.
Consults with Chief Underwriter, Staff Underwriting, Underwriting Consultants, Senior Underwriters 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.
Sign off up to $3,000,000 for life, limited sign off for morbidity underwriting, and limited sign off for exceptions on Intelligent Underwriting.
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