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 is a great opportunity to join our Suitability Team! The primary focus for this position will be within our Fixed Life Insurance product line.

 

FINRA Series 6 and Series 26 licenses are required for this role. It is required that candidates have their FINRA Series 6 at the time of application. The series 26 license must be obtained with 120 days of your start date.

 

Key Responsibilities & Qualifications:

Conduct detailed reviews Nationwide Life Insurance business applications to determine the suitability and ensure the business is complete and in good order from a regulatory standpointFinancial services industry experience requiredKnowledgeable in Fixed Life Insurance products - knowledge of Nationwide Fixed Life insurance products would be a plus.Motivated, attention to detail, and strong prioritization skillsGrowth‑minded seeking development and future career paths

 

This position will be hired on a SuccessFlex basis.

The hired associate must reside within 35 miles of the following location(s):

Ohio: 1000 Yard St, Grandview Heights, OH, 43212

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.

Internal Compensation Grade: E2

#LI-LH1

#lifeinsurance

#compliance

#auditing

#regulatory

Job Description Summary

Success on our team is directly related to embracing change, providing exceptional customer service and having a passion for getting things done right. We work together to build our business and grow profitably, with unwavering attention to detail. If you are naturally curious, want to grow and learn and develop your expertise in financial services, we want to know more about you!

As a Suitability Principal, you’ll be responsible for conducting an end to end review of all Fixed, Immediate and Indexed annuity business for numerous firms within different distribution channels. You'll determine the suitability of the products being sold to clients and conduct a detailed business review to ensure documentation is in good order and processes have been closely followed.

Job Description

Key Responsibilities:

Reviews new Fixed, Immediate, and Indexed annuity business applications received. Uses NAIC and State Regulations to determine if business is complete and suitable. Interacts with Compliance concerning questionable sales.

Works with the appropriate parties to acquire additional documentation on new business to complete application. 

Manages phone queue to assist internal partners with suitability questions and status information.

Conducts process review and aligns with compliance practices.

Ensures Product Training and CE training/Agent Requirements are met.

Underwrites and reviews transfer forms.

Inputs data into administrative systems, imaging systems, and databases.

Provides Agents a detailed and careful explanation for declined applications, handles concerns with thoughtful communication.

Maintains consistent alignment with departmental practices and regulatory guidelines.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Supervisor or Manager.

Typical Skills and Experiences:

Education: Undergraduate degree in Business or Finance preferred.

License/Certification/Designation: Series 6, 26 required. Associates must obtain the required Federal and/or state licenses/registrations within the time period designated by the business unit. Additional licenses/registrations may be required when new products and services are implemented. If an associate fails or is unable to obtain required licenses/registrations within the time period designated by the business unit, the associates will be ineligible to continue in the position

Experience: 3 -5 years Field experience, Insurance back office, Service or Sales Management.

Knowledge, Abilities and Skills: Solid understanding of insurance and/or individual annuity products and services. Familiarity with state and federal insurance laws and regulations preferred. Ability to read, analyze, and interpret documents. Outstanding verbal and written communication skills with the ability to have difficult conversations and manage through disagreements. Ability to solve sophisticated problems and handle concerns.

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

Staffing Exceptions to the above minimum job requirements must be approved by the: hiring manager’s leader and HRBP.

Values: Regularly and consistently demonstrates 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.

Credit/Background Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

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.

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 Suitability Principal, Annuity & Life : $55,000.00-$102,000.00

The expected starting salary range for Suitability Principal, Annuity & Life : $55,000.00 - $82,000.00