Property Program Underwriter, Consultant - Reinsurance and Alternative Risk Transfer

Nationwide Mutual Insurance Company; Ohio; Ibrido; USD 120.000 - 224.000; Tempo pieno

Vantaggi offerti da questo lavoro

Medical/dental/vision, life insurance,

Pension plan

Paid time off and holidays

Descrizione del lavoro

Nationwide Mutual Insurance Company is seeking a seasoned Consultant, Program Underwriting - Alternative Ventures to lead underwriting for assigned programs and drive growth and profitability.

You will collaborate with claims, actuary, compliance, finance and other stakeholders to apply expert underwriting for E&S and specialty programs while developing guidelines, endorsements and strategic initiatives across the portfolio.

Competenze

• Underwriting experience in commercial insurance (E&S) or specialty underwriting.
• Program leadership experience preferred.
• Strong verbal and written communication skills.
• Ability to travel locally/overnight as needed.

Mansioni

• Serve as primary underwriting lead for assigned programs.
• Drive the sales and underwriting relationship for Programs products and services.
• Develop, recommends, and executes strategic underwriting plans for programs and is accountable for outcomes.
• Provide business forecasting related to trends and profitability within Program vertical.
• Responsible for achieving established goals for assigned programs.
• Aligns with program managers on risks, referrals, and decision-making.

Conoscenze

Underwriting knowledge

Program management

Financial analysis

Negotiation

Communication

Project management

Leadership

Regulatory knowledge

Formazione

Bachelor's degree in Business/Finance/Risk

Graduate degree preferred

Descrizione del lavoro

Job Description Summary

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.

Job Description Key Responsibilities

• Serves as the primary underwriting lead for assigned programs with authority to make independent underwriting and portfolio management decisions within delegated authority levels.


• Drives the sales and underwriting relationship for Programs products and services.


• Develops, recommends, and executes strategic underwriting plans for programs and is accountable for achieving targeted performance outcomes.


• 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 complex individual risks, programs, or referrals within assigned territory from program managers and declines or accepts business based upon information necessary to make the decision.


• Risks could be guaranteed cost, quota share, shared and layered, 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 reinsurers 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 relationships 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.


• Owns the end-to-end audit process for programs, including planning, execution, findings, stakeholder communication, remediation plans, and follow-through.


• 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 or Specialty 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 Senior Consultant, Director, or AVP. Acts primarily as an individual contributor; may have three or less direct reports.

Typical Skills and Experiences

Education

Undergraduate studies with focus in Business, Finance, Accounting Economics, and/or Risk Management. Graduate degree preferred.

Experience

Typically, eight or more years’ related experience as a commercial insurance (primarily E&S) or specialty underwriter. Program leadership experience is preferred.

Knowledge, Abilities and Skills

Demonstrated knowledge of commercial insurance (primarily E&S) or specialty underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Strong understanding of financial documents, financial analysis, investments, market conditions essential. 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.

This position could be filled within any of the lower 48 U.S. states.

Benefits

• 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.

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 Consultant, Program Underwriting - Alternative Ventures : $120,000.00-$224,000.00

The expected starting salary range for Consultant, Program Underwriting - Alternative Ventures : $120,000.00 - $180,000.00

Smoke-Free Iowa Statement

Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

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

Equal Opportunity Employer Statements

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.

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.