Sr. Consultant, Underwriting; Institutional Life Insurance

Overview

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.

Responsible for examining all prospective bank‑owned, corporate‑owned and corporate‑sponsored, individually‑owned life insurance policies. You will assess and analyze a bank or company's risk profile and case design to determine the appropriate underwriting offer, coverage, term and conditions.

• Independently assess applications for guaranteed issue, simplified issue, or regular issue, making informed decisions based on underwriting criteria.
• Underwrite lives on a medical basis as needed, utilizing expertise to accurately assess risk.
• Analyze financial statements, SEC 10‑K and 10‑Q filings, and FDIC reports to inform underwriting decisions and risk assessments.
• Evaluate and determine the insurable interest of organizational structures, making independent recommendations based on findings.

• Lead the evaluation and approval of plan design modifications, ensuring alignment with company policies and market needs.

• Understand and apply reinsurance treaty terms.
• Make decisions that uphold compliance and mitigate risk.
• Continuously update and apply in‑depth knowledge of underwriting guidelines, making independent judgments in complex cases.

• Series 6
• Series SIE

• A minimum of three years experience in corporate‑owned life and corporate‑sponsored insurance underwriting.

• Knowledge of plan design structures of both corporate‑owned and corporate‑sponsored policies.
• Knowledge of complex financial statements.
• Knowledge of reinsurance – both automatic and facultative.
• Knowledge of regulatory issues and market conditions.
• Knowledge of medical underwriting.
• Ability to evaluate risk.
• Excellent verbal and written communication skills.

This role is open to fully remote work.

This role does not qualify for employer‑sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.

Our underwriters work hard to provide the exceptional customer experience for which Nationwide is known. Effectively 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 Senior Life Underwriting Consultant, you'll analyze, select and classify applications for life insurance of considerable technical complexity and exposure to ensure underwriting quality in accordance with established policies, practices and standards. You'll review and make decisions regarding the largest, most complex or unusual business. You'll be a subject matter authority for others who need advice on sophisticated underwriting concepts (both medical and financial) and will at times be involved in projects that are setting philosophy for Nationwide’s underwriting.

• 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, with minimal oversight, 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.…