Sr. Consultant, Underwriting; Institutional Life Insurance

Position: Sr. Consultant, Underwriting (Institutional Life Insurance)
* 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
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* Experience:

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* ** Knowledge, Abilities and

Skills:

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* * 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 does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.
* 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. 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.  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.
* 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 complicated cases.
* Evaluates, appraises and quantifies data derived from personal or business financial information and establishes insurable interest in keeping with the principle of indemnification.  Handles the most complex financial underwriting applications and often assists others through referrals and training on financial underwriting.
* Reaches terms on, coordinates, and negotiates both automatic and facultative reinsurance on highly complex reinsurance situations within the contractual terms and conditions of Nationwide's various reinsurance treaties and product and market practices.
* Works on special projects as assigned and may work on projects with little to no direction, including project plans, requirements, timelines, etc.
* Meets and presents with field partners as the need arises. Acquires input and feedback during these visits to gain a greater understanding of our partners’ 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 and for medical records or other fees requested as associated with requirements needed to confirm evidence of insurability.
* Interprets electrocardiogram tracings received as evidence for life insurance applications. Consults with Medical Director as needed for cases where physician input is required.
* Consults with Chief Underwriter, Staff Underwriting, Senior Underwriting…