Sr Analyst, Underwriting - Life
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Responsibilities
- 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.
- Reporting Relationships: Reports to Underwriting Manager or Director
- Typical Skills and Experiences:
- Education: Undergraduate studies in medical related discipline, marketing, insurance, risk management, economics, finance or business management preferred.
- License/Certification/Designation: LOMA Level 1 Certific
Benefits
Additional Information
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. Fully remote Life Underwriting role. Internal Note: Compensation Grade E4 Job Description Summary 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. Job Description
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