Underwriter

Are you passionate about being part of a team that delivers extraordinary care to help individuals and businesses prepare for and protect their retirement? If so, then Nationwide Financial could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

We are looking for a candidate with the following skills/experience:

• Strong communication and interpersonal skills: Ability to effectively interact with team members, clients, and stakeholders.

• Fast learner: Quickly grasps new concepts and adapts to changing environments.

• Self-motivated: Takes initiative and works independently with minimal supervision.

• Enjoys a fast-paced environment: Thrives in dynamic settings and can handle multiple tasks simultaneously.

• Good with numbers: Proficient in numerical analysis and comfortable working with data.

• Undergraduate degree: Completed undergraduate degree preferred.

• Underwriting experience: Four years of underwriting experience preferred, preferably in the group discipline.

Location: If a candidate lives within 35 miles of the One Nationwide Plaza location, then they will be required to work a hybrid schedule with 2 days onsite per week. If a candidate lives outside of the 35-mile radius, then they are able to work remote, but may need to come onsite 1 day per month.

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

Internal Compensation Grade: E3

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Job Description Summary

Specialty insurance underwriting at Nationwide requires both superior analytic and exceptional communication skills. We work with our product and actuarial partners to bring brand new opportunities to our customers and our company. If you love numbers, niche products and are both self-motivated and self-reliant, we want to know more about you!

As a Senior Underwriter, you'll analyze, accept and accurately classify applications and renewals for special risk, accident, health insurance, life, disability and dental. You will be an essential part of our medical stoploss process.

Job Description

Key Responsibilities:

• Initiates, resolves, communicates and coordinates renewal action on in-force group policies, within authorization limits, and recommends action to be taken on others.

• Reviews financial data on traditional and alternate-funded renewals. Determines rate changes, funding arrangement/security required and prepares funding renewals.

• Reviews proposal requests. Requests information as needed according to established procedures and rejects ineligible risks.

• Reviews requests for traditional and alternate-funded proposals and relevant financial reports. Determines the appropriate funding alternatives and prepares and communicates quotes.

• Reviews and processes submissions on sold accounts. Recommends approval, declination and any necessary rate adjustment within authorized limits.

• Processes the issue of benefit revisions on in-force policies within authorization limits.

• Corresponds with the appropriate internal/external source to acquire additional information as necessary in the underwriting process.

• Assists with audits of program partners and internal underwriting staff.

• Acquires in-depth knowledge of all assigned product line contracts and associated forms.

• Monitors performance of assigned product lines and communicates results to supervisor.

• Reviews and analyzes underwriting referrals for new business and renewals from account executives and program partners and refers to manager if over authorization limit.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Group Underwriting Manager and does not have direct reports.

Typical Skills and Experiences:

Education: Undergraduate studies in business administration, math or insurance. Participation in, or attainment of, technical insurance designations such as HIAA or LOMA.

Experience: Four years of underwriting experience.

Knowledge, Abilities and Skills: Proven knowledge of group insurance underwriting principles and procedures. Knowledge of plan design and pricing. Knowledge of various funding mechanisms. Knowledge of group risk selection and methods for modifying risks to make them acceptable. Effective verbal and written communication skills to effectively connect with others. Ability to recognize problem situations, identify underlying issues, devise alternative solutions, select most appropriate solution and follow through to implementation. Ability to prioritize work/time. Proficient in the use of Microsoft Excel, Access and Word. Ability to analyze and interpret statistical and logical data. Ability to make basic decisions involving evaluating data and recommend solutions. Ability to conduct mathematics operations, including the evaluation of algebraic statements. Ability to interpret medical information and determine future impact. Ability to make decisions involving analyzing data, finding solutions and recommending solutions.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing Exceptions to the above must be approved by the Vice President and Human Resources.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Some travel is required, as needed. 

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.

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. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.