This opportunity is available for fully remote work.
This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.
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Job Description Summary
Developing the underwriting strategy and ensuring it meets our risk appetite is essential to Nationwide's profitability and overall success. Our team utilizes our analysis and problem-solving skills to enable solutions that drive underwriting efficiency and streamlined approaches. If you are a creative problem solver, have strategic agility, and are an excellent communicator, we want to know more about you!As a Consultant, you’ll play a pivotal role in shaping our underwriting processes by leveraging cutting-edge technology and data-driven insights. Your expertise in rules engine development will drive efficiency, accuracy, and innovation within our underwriting function.
Job Description
Key Responsibilities:
Rules Engine Development:
Collaborates with cross-functional teams to design, develop, and enhance underwriting rules engines.
Translates complex underwriting guidelines into logical rules.
Implements and maintain rules-based decision-making systems to automate routine underwriting tasks.
Continuously optimize rules engines to improve risk assessment and streamline processes.
Data-Driven Decision Making:
Analyzes historical data, emerging trends, and market insights to inform rules engine design.
Integrates external data sources (such as medical databases, credit scores, and behavioral data) into the rules framework.
Ensures rules align with regulatory requirements and company policies.
Risk Assessment and Pricing:
Evaluates life insurance applications based on risk factors, medical history, and lifestyle.
Collaborates with actuaries to determine appropriate pricing and risk classification.
Utilizes rules engines to assess mortality risk accurately and efficiently.
Process Optimization:
Identifies bottlenecks and inefficiencies in the underwriting process.
Proposes enhancements to streamline workflows using rules-based automation.
Monitor performance metrics and adjust rules as needed.
Collaboration and Training:
Works closely with underwriters, IT teams, and business stakeholders.
Provides training and guidance on rules engine usage to underwriters.
Fosters a culture of continuous learning and innovation.
Quality Assurance:
Conducts regular audits to ensure rules engine accuracy and consistency.
Investigates discrepancies and address any issues promptly.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Manager or Director
Typical Skills and Experiences:
Education: Bachelor’s degree in computer science, Mathematics, Statistics, or related field.
Experience: 5+ years of experience in developing and managing automated underwriting rules engines for life insurance preferred.
License/Certification/Designation: Industry certifications such as FLMI (Fellow, Life Management Institute) or ALU (Associate, Life Management Institute) preferred, but not required.
Knowledge, Abilities and Skills: Strong knowledge of underwriting principles and practices. Proficiency in rules engine platforms (e.g., Drools, Blaze Advisor, or similar). Strong programming skills (Java, Python, or other relevant languages). Familiarity with data modeling and database management. Ability to interpret complex data and translate it into actionable rules. Understanding of insurance regulations and compliance requirements. Excellent communication skills and a team-oriented approach.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resource Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Not eligible (Exempt)
Working Conditions: Normal office environment.
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 people 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.
This position could be filled within any of the lower 48 U.S. states.Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf
NOTE TO EMPLOYMENT AGENCIES:
We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for Consultant, Underwriting Rules - Life : $95,000.00-$197,000.00The expected starting salary range for Consultant, Underwriting Rules - Life : $106,000.00 - $158,000.00Similar Jobs
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What We Do
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.
