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Manager, Beneficiary Services

Nationwide

RemoteSenior
Sign in to applyVerified 2h ago
Location
Remote
Work model
Remote
Level
Senior

About this role

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. This position will be responsible for leading a team of claim specialists that are responsible for processing Nationwide's suite of life insurance living benefits, including long-term care, critical and chronic illness, accelerated death benefits, and waiver of premium. Extensive knowledge and experience with these products and claim processing is required. Internal Note:

Compensation

Grade G3 This position will be hired on a SuccessFlex basis. The hired associate must reside within 35 miles of the following location: Grandview: 1000 Yard Street Grandview OH, 43215 Work schedule: 2 days in office, 3 days remote. This role does not qualify for employer-sponsored work authorization.  Nationwide does not participate in the Stem OPT Extension program.

Job Description

Summary We have the privilege of helping our customers and their loved ones at a time when they most need us, fulfilling our promise made when we sold them a life insurance policy, annuity, or retirement product. Our team values empathy and the ability to understand loss of life and its profound impact on people, along with a desire to provide extraordinary care. If you are a good listener, empathetic, passionate about outstanding customer service and have the ability to assist policyholders throughout the claims process, we want to know more about you! As a Manager, you’ll lead the day-to-day claims operations related to life insurance, annuities, or income products. You’ll drive claims performance to achieve operational results, alignment with business goals and strategies and claims expense outcomes.

Job Description

Key Responsibilities : Oversees a team responsible for Nationwide life and annuity claims - individual life, annuities, and income products claims’ organization, as well as long-term care, critical and chronic illness, and accelerated death benefits Leads claim risk management to limit losses due to overpayment, early duration claims (contestable) and fraud. Elevate cases to be referred to investigative firms and outside legal counsel. Implement and oversee claims best practices.  Leads a team of life insurance or annuity claims specialist, incorporating continuous improvement with technology and business practices to deliver operational results, including member experience, strategic alignment with business goals and claims expense outcomes.  Responsible for resolving claims handling issues and formal complaints from members, financial professionals, beneficiaries, and firm partners. Manages third party relationships, as appropriate, to mitigate risk for claims and drive efficiency.  Monitor the performance of vendors including claims service providers and investigative firms. Develops direct reports to achieve high performance in current roles and prepare them for future roles. May perform other responsibilities as assigned. Reporting Relationships: Leads five to 15 associates at various levels. Reports to The Director, Beneficiary Services- Life & Annuity Typical Skills and Experiences:

Education

Undergraduate degree in business administration, management, finance, pre-law or related field and/or technical insurance coursework preferred. MBA preferred. License/Certification/Designation:

Experience

7 years of financial services experiences in a customer service, quality control or operations environment. Broad experience and understanding of managing Annuity and Life Claims. Supervisory experience preferred. Knowledge, Abilities and Skills:   Extensive

Manager, Beneficiary Services at Nationwide, Remote | Yoinka