Consultant Underwriter, Specialty Brokerage - Excess Casualty

Nationwide Insurance; New York (NY); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Nationwide Insurance is searching for an Underwriting Consultant in New York City, focusing on Specialty Brokerage Excess Casualty. This role requires strong analytical capabilities, an understanding of complex risk, and collaborative skills to drive successful underwriting strategies. Join a team dedicated to helping clients protect what matters most!

Benefits

401(k) with company match

Paid time off

Company-paid pension plan

Medical/dental/vision insurance

Qualifications

• Six years of related experience as a Casualty Underwriter preferred.
• CPCU designation preferred.
• Experience with data management and procedures is helpful.

Responsibilities

• Develop and implement underwriting plans and portfolio management strategies.
• Analyze claims and loss history to manage business profitability.
• Build and grow relationships with distribution partners.

Skills

Analytical skills

Negotiation skills

Communication skills

Presentation skills

Education

Undergraduate studies in finance, accounting or risk management

Job description

If you’re passionate about helping people protect what matters most to them, 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 are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Position is open to hybrid work schedule based in New York City.

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Job Description Summary

Are you a critical 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 tackle real challenges, we want to know more about you!

As an Underwriting Consultant in our Specialty Brokerage Excess Casualty Division, we'll count on you to build and grow relationships with general agents, brokers and other customers.

In this role, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Specialty Excess Casualty line of business. In addition, you’ll achieve production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. You will work with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.

Job Description

Key Responsibilities:

• Develops and implements business strategies, underwriting plans and portfolio management strategies for specific line of business. Provides business forecasting related to trends, and profitability within region/channel.

• Directs distribution partner/results and recommends corrective action if necessary. Conducts regular visits with partners to understand business needs and to identify new business opportunities.

• Coordinates and participates 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. Maintains good working relationship with re-insurers.

• Maintains composition of designated book of business to achieve favorable results. Monitors performance and provides report card on regional/channel results. Takes action based on results as needed.

• Interacts with all departments of the company to achieve company goals and objectives.

• Communicates regional and/or business unit initiatives and goals. Builds alignment within territory teams within the region and across the regions.

• Provides input and feedback on performance for Underwriters and Managers within specified lone of business.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Associate Vice President/Director. No direct or indirect reports.

Typical Skills and Experiences:

Education: Undergraduate studies in finance, accounting economics, and/or risk management.

License/Certification/Designation: CPCU preferred

Experience: Six years of related experience as a Casualty Underwriter preferred. Informal or formal leadership experience in casualty lines of business is preferred. Some experience in the technical aspects of data management, imaging and procedures and processes helpful.

Knowledge, Abilities and Skills: In-depth knowledge of excess casualty lines, underwriting policies, practices and procedures, underwriting marketing principles and techniques. In-depth knowledge of financial analysis and statements, investments, market conditions essential. Knowledge related to insurance, contract and business law preferred. Knowledge of employment principles and practices. Excellent verbal and written communication skills to communicate with individuals and groups via telephone, fax, e-mail and in person. Presentation skills. Proven ability to supervise, train, motivate employees and set work priorities in all aspects of multi-line underwriting support and rating. Demonstrates advanced negotiation skills. Ability to work with assigned distribution partners. Ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies, reinsurance. Ability to learn and use job-related software, including Microsoft Office Suite products. Ability to devise business solutions to complex problems, implement the most appropriate and monitor effectiveness. Ability to make decisions on highly complex issues and work with minimal direction. Ability to coach, train and mentor managers and underwriting personnel. Ability to analyze and interpret mathematical, statistical and logical data and evaluate its reliability and significance.

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 Human Resources Business Partner.

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.

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.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

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. The national salary range for Consultant Underwriter, Specialty Brokerage - Excess Casualty : $108,000.00-$224,000.00 The expected starting salary range for Consultant Underwriter, Specialty Brokerage - Excess Casualty : $120,000.00 - $180,000.00