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Northwestern MutualNM

Sr Application Processor

Northwestern Mutual is an American financial services mutual organization that provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, and more. Its products include life insurance, disability income, long-term care insurance, annuities, and investments.

Northwestern Mutual

Employee count: 5000+

Salary: 38k-57k USD

United States only

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Summary

As a Senior Application Processor, you will work as part of a team responsible for consulting, communicating and corresponding on issues related to the input of life insurance application data, including auditing applications and data input, for the purpose of establishing computer records for underwriting and other required purposes. You will troubleshoot and resolve complex application issues, whether technical/system or application-related, identifying errors and determining appropriate corrective action. As appropriate, you will handle analytical and technical review of sensitive/confidential cases referred by Application Processors and others, as appropriate. You have a commitment to staying up-to-date on company guidelines to better enable yourself to effectively analyze and respond to exceptions and unusual situations. Above all, you demand excellence of yourself; you handle tasks with the highest possible degree of accuracy and discretion.

Primary Duties and Responsibilities

  • The Sr. Processor is responsible for all the duties outlined in the lower level position with additional responsibilities for the job tasks involving more in-depth analytical and technical review of sensitive cases referred by Processors as well as LUCs, and other workgroups in TC/TUP.

  • The Sr. Processor is accountable for accurate and timely completion of all Home Office and Field Office input work types.

  • The incumbent is also responsible for inputting the confidential applications for HO employees and VIP cases.

  • The employee must be familiar with company guidelines and unusual situations to analyze the in-force term contract.

  • The Sr. Processor initiates appropriate resolution or referral to the underwriter/coordinator upon same day completion of H.O. input.

  • Accurate Home Office input is an integral part of establishing permanent client data records which impacts premium billing, premium refunds, corporate planning and New Business analysis.

  • The employee completes Field Office input of applications that are submitted as part of the Centralized Application Input program and those that cannot be done by the field staff or need to be reprocessed as required for cases with system limitations, new products, and/or department and training test cases.

  • The Sr. Processor must inspect, analyze, and check for completeness and discrepancies and makes appropriate E-Referrals (notes) to the underwriter within department guidelines and standards.

  • The Sr. Processor also serves as a resource for Field Office Input Coordinator for questions and provides recommendations for case completion.

  • The incumbent also serves as the contact resource for cases that need special handling such as, JCL, Manual Splits and Premium Waiver Splits.

  • The Sr. Processor is responsible to troubleshoot and resolve complex App Input issues whether system or application related.

  • The Sr. Processor demonstrates analytical and technical skills by:

  • Identifying errors, determining the appropriate corrective action to take

  • Reviewing and correcting insurance rejects on the data base" Adding/Removing applications from exiting and new ISA

  • Inputting the detailed changes and communicate them to the underwriter or TC Coordinator.

  • Identifying and referring specific fields which require underwriter attention

  • Activating new Insurance Service Accounts (ISA)

  • Documenting necessary case notes for proper handling of app

  • Maintaining performance levels within the standards set for quality and other metrics.

  • The Sr. Processor is responsible to provide customer-focused service to internal and external customers by:

  • Fostering a positive work team environment

  • Participating in divisional or department committees

  • Providing service through interpersonal, verbal and written communication

  • Providing training support to the Network Offices upon request

  • Serving as an App Input resource to the Field as the primary contact for the New Business Call Center

  • Supporting and participating in divisional PACE objectives

  • Distributing exception cases and FOI to all App Processors

  • Independently resolves problems with applications submitted Not in Good Order (NIGO)

  • Training and supporting new team members as needed

Qualifications

  • Successful completion of any required testing.

  • Demonstrated ability to handle fast-paced, high volume work with high degree of accuracy.

  • Ability to interact tactfully and positively with the Field Force and Home Office personnel.

  • Keyboarding skills required.

  • Demonstrated ability to complete assignments with minimal direction and to handle details accurately.

This position has been classified as an Associated Person under NMIS guidelines and requires fingerprinting and completion of required form.Non-Registered Fingerprinted - FINRA

Compensation Range:

Pay Range - Start:

$18.37

Pay Range - End:

$27.55

Geographic Specific Pay Structure:

Structure 110:

Structure 115:

We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, clickhere to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

Northwestern Mutual is an equal opportunity employerwho welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

About the job

Apply before

Posted on

Job type

Full Time

Experience level

Senior

Salary

Salary: 38k-57k USD

Location requirements

Hiring timezones

United States +/- 0 hours

About Northwestern Mutual

Learn more about Northwestern Mutual and their company culture.

View company profile

We are Northwestern Mutual, a company dedicated to helping individuals and businesses achieve financial security for over 167 years. Our foundation is built on a mutual ownership structure, meaning our policyowners are also our owners. This unique approach allows us to focus on long-term value and the best interests of our clients, rather than the short-term demands of shareholders. We believe in a comprehensive planning approach, where our financial professionals work closely with clients to understand their unique goals and aspirations. This collaborative process combines the expertise of our advisors with a personalized digital experience and industry-leading products to help clients plan for what's most important in their lives.

Our core mission is to empower people to protect and grow their wealth. We offer a wide range of financial solutions, including life insurance, disability income insurance, long-term care insurance, annuities, and investment products and services. We understand that financial well-being is about more than just numbers; it's about providing peace of mind and enabling people to live the lives they envision. We are committed to innovation, continuously seeking ways to enhance our client experience and product offerings. This includes investing in technology and digital platforms to make financial planning more accessible and efficient. We also foster a culture of learning and development for our employees and financial representatives, ensuring they have the knowledge and tools to provide the best possible guidance. Our commitment extends to the communities we serve, and we actively support initiatives that promote financial literacy and well-being.

Claim this profileNorthwestern Mutual logoNM

Northwestern Mutual

Company size

5000+ employees

Founded in

1857

Chief executive officer

Timothy J. Gerend (effective January 1, 2025)

Employees live in

View company profile

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