Consultant II - Life Underwriting (Brokerage) REMOTE

About the role

This Consultant, Life Underwriting opportunity sits within Nationwide’s Brokerage General Agency (BGA) area, a relationship-driven part of the life insurance business that partners closely with brokerage firms and distribution partners to support new business through the underwriting process.

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 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 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.
• 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.
• 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.
• 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 and is expected to develop project plans, requirements, timelines, etc.
• 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.
• 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. Also authorizes reimbursement and 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.
• Solves challenges with effective solutions while maintaining focus on improving time service, quality of application submissions and underwriting quality and wastage.
• Handling up to $10,000,000 for life, up to $1,000,000 sign off for morbidity underwriting, and sign off authority for exceptions on Intelligent Underwriting.

Requirements

The role is especially attractive for underwriters who want meaningful case complexity. The team supports large and sophisticated cases, works under real volume and field pressure, and values underwriters who can balance responsiveness with sound decision-making.

Qualifications

Education: Undergraduate studies in medical related discipline, marketing, insurance, risk management, economics, finance or business management.

Licenses/Certifications/Designations: 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.

Experience: Ten years life underwriting experience.

Skills

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.

Benefits

We have an array of benefits to fit your needs, including: 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, and more.