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About the Role

Nationwide Financial is seeking passionate individuals to join their team and deliver extraordinary care to help individuals and businesses prepare for and protect their future. This role involves analyzing, selecting, and classifying complex life insurance applications, making impactful decisions, and contributing to the team's growth and learning.

Responsibilities

• Receives, evaluates and underwrites more complex applications for life insurance.
• Protects the confidentiality of documentation and information acquired throughout the underwriting process.
• Maintains in-depth knowledge of underwriting manuals, materials, rules, regulations, procedures, medical factors, and practices impacting mortality and morbidity underwriting.
• Maintains solid understanding of all underwriting administrative systems to conduct business and provides outstanding service.
• Evaluates and accesses applications requiring additional evidence of insurability.
• Determines the need for and authorizes the ordering of underwriting requirements.
• Develops a strong understanding of the accelerated underwriting process and applies risk-based decision-making skills.
• Evaluates, appraises and quantifies data derived from personal or business financial information and establishes insurable interest.
• Handles complex financial underwriting applications and assists others through referrals and training.
• Reaches terms on, coordinates, and negotiates both automatic and facultative reinsurance within contractual terms and conditions.
• Consults with other underwriters on the team and accepts referred cases when designated.
• Suggests innovative solutions, motivates team performance and facilitates open communication.
• Supervises the handling of unusual or challenging cases.
• Educates internal and external partners on underwriting process, practice and tools.
• Helps train less experienced underwriting staff.
• Coordinates, participates and leads training development and delivery for issues or initiatives requiring technical expertise.
• Works on special projects as assigned, with little to no direction.
• Meets and presents with field partners as needed.
• Acquires input and feedback during field partner visits to build a better understanding of partner needs and expectations.
• Interprets electrocardiogram tracings received as evidence for life insurance applications.
• Consults with Medical Director for cases where physician input is required.
• Determines eligibility for temporary insurance and authorizes disbursement of policy refunds if the TIA is not eligible.
• Authorizes reimbursement for medical records or other fees requested as associated with requirements needed to confirm evidence of insurability.
• 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.
• Handles up to $10,00,000 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.

Requirements

• Long Term Care Underwriting experience required
• 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
• 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.
• Financial Underwriting: Solid foundation for sophisticated 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 managing 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 for internal/external contacts.
• Strong collaboration and presentation skills in individual or group settings.
• Ability to make decisions on highly complex issues and work with minimal direction.
• Proficiency in conflict resolution.
• Agile and adaptable.
• Advanced ability to handle ambiguity in a flexible and responsive manner.
• Ability to coach, train and mentor other underwriters.
• Advanced analytical and critical thinking skills.
• Able to analyze highly complex insurance risks to assess acceptability including policy language, alternative rating plans, methodologies, and reinsurance.
• Ability to communicate difficult concepts and influence others to adopt a different point of view.
• Excellent judgment and creative problem-solving skills including negotiation and conflict resolution skills.
• Proven track record of reaching a solution in situations where there may be multiple options.
• Able to make difficult decisions and suggest alternative solutions.
• Consistently draws on appropriate perspectives and resources.
• Demonstrates strong resilience and supports others through change.
• Regularly and consistently demonstrates the Nationwide Values.
• This position could be filled within any of the lower 48 U.S. states.

Skills

• Medical Underwriting
• Financial Underwriting
• Life underwriting principles and practices
• Contract law
• Anatomy
• Physiology
• Pathology
• Medical and non-medical risks
• Underwriting results management
• Negotiation
• Communication (verbal and written)
• Collaboration
• Presentation
• Decision-making
• Conflict resolution
• Adaptability
• Ambiguity tolerance
• Coaching
• Training
• Mentoring
• Analytical thinking
• Critical thinking
• Risk assessment
• Problem-solving
• Judgment
• Resilience

Location

• Hybrid
• Remote
• Lower 48 U.S. states

Work Type

• Hybrid
• Remote

Experience Level

• Ten years life underwriting experience

Education Level

• Undergraduate studies in medical related discipline, marketing, insurance, risk management, economics, finance or business management.
• AALU designation.
• Chartered Life Underwriter (CLU)
• Fellow of Life Management Institute (FLMI)
• EKG Certified preferred.

Salary/Compensations

• The national salary range for Consultant II, Underwriting - Life : $108,000.00-$200,000.00
• The expected starting salary range for Consultant II, Underwriting - Life : $108,000.00 - $162,000.00

Benefits

• Medical/dental/vision
• Life insurance
• Short and long term disability coverage
• Paid time off (minimum of 18 days per year)
• 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

About the Company

• Nationwide is a Fortune 100 company with nearly $70 billion in annual sales.
• Nationwide delivers extraordinary care to help individuals and businesses prepare for and protect their future.
• At Nationwide®, ‘on your side’ goes beyond just words.
• Customers and partners are at the center of everything Nationwide does.

Equal Opportunity

• 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 (or classification) protected by applicable law.
• Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles.
• The company offers designated smoking areas in which smoking is permitted at each individual location.
• The Act prohibits retaliation for reporting complaints or violations.