Summary
Overview
Work History
Education
Skills
Timeline
Generic

Richard Phillips

Cardington

Summary

Experienced Underwriting professional with strong foundation in risk assessment, financial analysis, and policy evaluation. Known for collaborative efforts and consistent delivery of results in fast-paced environments. Skilled in negotiating terms, interpreting data, and maintaining compliance with industry standards. Adaptable and reliable team player focused on achieving organizational goals.

Overview

20
20
years of professional experience

Work History

Life Underwriting Consultant

Nationwide BGA Underwriting
01.2021 - Current
  • Receives, evaluates and underwrites, on a medical and non-medical basis complex applications for life insurance up to $10,000,000 of death benefit.
  • Focus on 3 to 5 Trial applications and 15 to 20 Formal applications daily.
  • Learned industry-specific software for tracking and managing underwriting cases efficiently.
  • Participated in training sessions to understand underwriting principles and practices thoroughly.
  • Developed strong understanding of accelerated underwriting process to apply risk-based decision making skills to determine appropriate requirements needed to provide protective value.
  • Trained junior underwriters on best practices with emphasis on Psychiatric and Neurologic disorders, fostering a culture of continuous learning and improvement.


Life Underwriting Consultant

Nationwide WFG and Nationwide Agent Underwriting
12.2014 - 12.2020
  • Performed comprehensive background checks on applicants as part of due diligence efforts, mitigating exposure to fraudulent activity or misrepresentation risks.
  • Evaluated complex insurance applications, ensuring thorough risk assessment and accurate policy issuance.
  • Evaluated third party ID verification data and implemented necessary underwriting procedures, establishing useful and accurate processing of applicant personally identifiable information.
  • Conducted preliminary assessments of client profiles to identify potential underwriting issues.

Senior Life Underwriting Specialist

Nationwide Agent Underwriting
01.2006 - 12.2014
  • Implemented process improvements that reduced turnaround times for policy approvals significantly.
  • Conducted training sessions on underwriting software systems to enhance team proficiency.
  • Established relationships with agents to facilitate communication and expedite information retrieval.
  • Evaluated complex risks within established authority levels, ensuring sound underwriting decisions that balanced profitability and risk management objectives.

Education

No Degree - Psychiatry

University of Akron
Akron, OH

Skills

  • Expertise in underwriting evaluation
  • Understanding of underwriting guidelines
  • Client relationship management
  • Skilled in reaching agreements

Timeline

Life Underwriting Consultant

Nationwide BGA Underwriting
01.2021 - Current

Life Underwriting Consultant

Nationwide WFG and Nationwide Agent Underwriting
12.2014 - 12.2020

Senior Life Underwriting Specialist

Nationwide Agent Underwriting
01.2006 - 12.2014

No Degree - Psychiatry

University of Akron

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