Sr Analyst, Underwriting

Position

Life Underwriting Specialist (Fully Remote)

As a Life Underwriting Specialist, you will analyze, select and classify applications for life insurance of a moderately complex nature according to established underwriting policies, practices and standards. You will coordinate life insurance selection standards according to underwriting practices and procedures to achieve satisfactory mortality and morbidity experience and acceptable administrative results. You will use independent judgment based on your underwriting authority and company underwriting standards.

• Receive, evaluate and underwrite, on a medical or non‑medical basis, mild to moderately complex applications for life insurance up to the maximum limit approved by the Chief Underwriter.
• Protect the confidentiality of documentation and information acquired throughout the underwriting process.
• Operate with autonomy while using referral points – mentors, staff underwriters and medical staff – as needed.
• Maintain in‑depth knowledge of manuals, underwriting materials, rules, regulations, procedures, medical factors and practices impacting mortality and morbidity underwriting.
• Maintain proven understanding of all underwriting administrative systems to conduct business and provide outstanding service to all internal and external customers and field partners.
• Evaluate and assess applications requiring additional evidence of insurability.
• Determine the need for and authorize the ordering of underwriting requirements, including but not limited to medical examinations, blood profiles, home office specimens, attending physician reports, inspection reports, client direct interviews, and other essential information.
• Develop a strong understanding of the accelerated underwriting process and apply risk‑based decision‑making skills to determine the appropriate requirements needed to provide protective value and appropriate risk class.
• Evaluate, appraise and quantify data derived from personal or business financial information and establish insurable interest in keeping with the principle of indemnification.
• Coordinate automatic and facultative reinsurance within the contractual terms and conditions of Nationwide’s various reinsurance treaties, product and market practices.
• Meet and present with field partners as needed; acquire input and feedback during visits to build a better understanding of partner needs and expectations.
• Determine eligibility for temporary insurance and authorize disbursement of policy refunds if the Temporary Insurance Agreement (TIA) is not eligible; also authorize reimbursement for medical records or other fees associated with requirements needed to confirm evidence of insurability.
• Consult with Chief Underwriter, Staff Underwriting, Underwriting Consultants, Senior Underwriters and the Medical Director as the need arises.
• Support and assist in meeting goals and objectives for varying territories, special agent programs and contests.
• Resolve 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.

Reports to Underwriting Manager or Director.

• Undergraduate studies in a medical related discipline, marketing, insurance, risk management, economics, finance or business management preferred.

• LOMA Level 1 Certificate (LOMA 280, LOMA 290) preferred.
• Participation in, or attainment of ALU Level 1 Cert (ALU 101, LOMA 280, 290, 311).

• 2 years underwriting experience; medical background; graduation from the training program.

• Medical Underwriting: understand anatomy of the human body and disease processes, assess impact of mortality and morbidity risk, and translate to appropriate risk classification.
• Basic financial underwriting: evaluate life financial supplement, understand…