Consultant, Program Underwriting (Fronting & Alternative Risk Transfer)

Nationwide Mutual Insurance Company; Northern (KY); Hybrid; USD 90,000 - 150,000; Full time

Job summary

Nationwide Mutual Insurance Company in the United States seeks an experienced underwriting consultant to oversee and underwrite professional lines risks. You will analyze complex portfolios, develop guidelines and collaborate with multiple departments to drive profitability. Travel to client sites may be required; a strong background in financial analysis and negotiation is essential. This role offers remote work with national travel as needed.

Qualifications

• Underwriting policies, practices and procedures in professional lines.
• Strong financial analysis and interpretation of data.
• Excellent verbal and written communication with internal/external partners.

Responsibilities

• Review and analyze highly complex professional lines risks.
• Underwrite risk for acceptability, pricing, coverage, terms and conditions.
• Develop and implement underwriting guidelines, rates, forms and procedures.
• Collaborate with claims, actuary, compliance and other partners to meet company goals.
• Lead training and guidance for underwriting staff and program managers.
• Travel to program manager offices as needed for marketing and relationship building.

Skills

Underwriting

Financial analysis

Communication

Negotiation

Education

Bachelors in Finance/Economics

Job description

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team 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.Ideal candidate will possess knowledge of multi-line P&C business as position will include liability & property underwriting, Candidates should have experience with matching deductible policies, reinsuring to captives, and policies supported by facultative reinsurance. #LI-AS1#LI-remote **Job Description Summary**Are you a problem solver who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to know more about you! As a Consultant, you'll be responsible for reviewing and analyzing numerous, highly complex lines of business. You'll underwrite individual risk for acceptability, pricing, coverage, terms and conditions. You'll lead in the development and integration of new and existing programs and identify new program opportunities. You will participate in making reinsurance decisions; assist in developing and implementing loss control and risk management strategies. You'll collaborate between business partners for development and implementation of program specific tools (i. e. underwriting guidelines, forms/rate filings, etc) for new programs or modifications to existing programs. You'll communicate program updates to program managers and other business liaisons. In order to succeed, you will need to build and maintain effective relationships with internal business liaisons, external program managers, and brokers. You will be responsible for the training and mentoring of underwriting team members.******Job Description********Key Responsibilities:*** Drives the sales and underwriting relationship for Programs products and services. Provides input and data to help drive and implement strategic underwriting plans. Provides business forecasting related to trends, and profitability within Program vertical. Responsible for achieving established goals for assigned programs.* Analyzes program manager relationships/results and recommends corrective actions if necessary. Understands business needs and identifies new business opportunities.* Reviews highly complex (e.g. including shared and layered property, general liability, excess, auto, recreation marine, energy, environmental, inland marine, warranty and workers compensation) individual risks, programs, or referrals within assigned territory from program managers and declines or accepts business based upon information necessary to make the decision. Some of the risks could be multinational or have alternative arrangements in place that make them unique. Acts as a subject matter expert in analyzing exposures to losses; develops adequate premium charge for the exposure. Determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.* Actively engages in discussions with re-insurers per department guidelines verifying the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Responsible for compiling data to be provided for reinsurers presentations. Maintains good working relationship with re-insurers.* Develops and implements underwriting guidelines, rates, forms, product endorsements and procedures. Assists in the development of department policies and underwriting and standard methodologies.* Interacts with various business partners (i.e. claims, actuary, compliance, etc.) to achieve company goals and objectives. Acts as an internal consultant responsible for resolving escalated issues and communicating to business liaisons and external sources regarding program initiatives.* Responsible for audits of individual risks/programs for compliance with company guidelines, state regulations and reinsurance conditions. Development and implementation of specific action plans may be required. Responsible for the resolution of advanced complex technical issues.* Independently establishes and maintains effective relationships with Program Managers in order to generate growth and profitably. Travels to existing and potential program manager offices, as required for marketing visits. Frequently entertains Program Mangers to market services and ensure strong relationship to write profitable business.* Leads in the implementation of all new programs from development of underwriting guidelines, form/rate filings, compliance/regulatory matters, finance, reinsurance, claims, legal, accounting, actuarial and marketing matters to ensure proper program integration.* Attends industry functions to promote E&S/S Programs brand and capabilities of the programs team in order to help identify new program business opportunities.* Acts as a resource for direction, training and guidance for less experienced staff. May be responsible for underwriting and support staff.* Maintains knowledge of insurance regulations; provides consulting regarding legislation that impacts the organization.May perform other responsibilities as assigned. **Reporting Relationships:** Reports to Director/AVP. Acts primarily as an individual contributor; may have three or less direct reports. **Typical Skills and Experiences:** **Education**: Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management. Graduate degree preferred. **Experience**: Typically five or more years related experience as a Professional, Financial and/or Specialty lines underwriter. Program leadership experience in professional lines of business is preferred. Some experience in the technical aspects of data management, imaging and procedures and processes helpful. **Knowledge, Abilities and Skills**:Demonstrated knowledge of Professional, Financial, and/or Specialty lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Strong understanding of financial documents, financial analysis, investments, market conditions essential. Legal knowledge related to insurance, contract and business law preferred. Understanding of employment principles and practices. Must possess strong verbal and written communication skills to interact with internal/external business partners at all levels. Must have skills to influence and negotiate with internal/external business partners at all levels. Must have the ability to manage large programs; develop and apply innovative approaches to program initiatives and problem solutions. Proven ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance. Must have project and process management skills. Must have ability to evaluate, analyze and devise solutions to complex programs; implement the most appropriate solution and monitor the effectiveness. Ability to support numerous internal/external business partners and make decisions that reflect the goals of the company, both financially and ethically. Ability to lead, train, motivate employees and set work priorities. Ability to apply/learn job related software. 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 HR Business Partner. **Values**: Regularly and consistently demonstrates Nationwide Values. **Job Conditions**: **Overtime Eligibility**: Not Eligible (Exempt) **Working Conditions**: Normal office environment. Ability to travel locally and overnight for client meetings as needed. **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.We currently anticipate accepting applications until 11/06/2026. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.