Sr. Consultant, Underwriting Practice and Insights - E&S/Specialty (Market Data and Actuarial)

Nationwide Insurance; Rockaway (NJ); Remote; USD 119,000 - 179,000; Full time

Job summary

Nationwide Insurance seeks a Sr Consultant for its Property and Casualty team in Rockaway, New Jersey. The role involves developing underwriting strategies, utilizing analytical skills to improve efficiency and drive profitability, and leading teams in the assessment of market risks. Candidates with strong actuarial science and financial analysis backgrounds are encouraged to apply, with potential for remote work across the U.S.

Benefits

Medical, dental, vision, and life insurance

401(k) with company match

Paid time off (minimum of 18 days)

Company-paid pension plan

Business casual attire

Paid holidays

Lifetime paid time off

Unity Day paid time off

Qualifications

• 10-15 years of experience in insurance with a strong background in Management Liability.
• Fellowship or near-Fellowship status with a recognized actuarial organization preferred.
• Expertise in insurance financials and pricing strategies.

Responsibilities

• Develop and recommend underwriting or product policies, procedures, and standards.
• Lead the analysis of market conditions and internal business levers.
• Advise on strategic actions to balance premium growth and combined ratio targets.

Skills

Financial analysis

Actuarial science

Management Liability underwriting

Data-driven decision making

Strategic thinking

Education

Bachelor’s degree in Actuarial Science, Finance, Mathematics, Statistics, Economics

Advanced degree

Tools

SQL

Python

R

Excel

Power BI

Tableau

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 with E-Risk Services located in Rockaway, New Jersey. For the ideal candidate, all remote US locations may be considered.

The ideal candidate will have a strong background in actuarial science, financial analysis, and Management Liability (MLS) underwriting. While expertise in all three areas is preferred, candidates with a solid foundation in any combination of these disciplines are encouraged to apply.

Position will have 1-2 direct reports.

Compensation grade H3.

#LI-AS1

#LI-remote

Job Description Summary

Developing the underwriting strategy and ensuring it meets our risk appetite is essential to Nationwide's profitability and overall success. Our team utilizes our analysis and problem solving skills to enable solutions that drive underwriting efficiency and streamlined approaches. If you are a creative problem solver, have strategic agility, and are an excellent communicator, we want to know more about you!



As a Sr Consultant, we'll count on you to develop and recommend underwriting or product policies, procedures and standards. You'll ensure coordination between home office and field operations and support the development and implementation of strategies that support multiple product related profitability objectives.

Job Description

Key Responsibilities:

• Lead the analysis of the correlation between market conditions (economic indicators, financial market volatility, industry risks) and internal business levers (policy rate adjustments, broker commission structures, underwriting appetite).

• Develop and oversee predictive modeling, scenario planning, and profitability studies to inform pricing strategies and growth initiatives.

• Advise underwriting, finance, and distribution teams on strategic actions to balance premium growth and combined ratio targets.

• Identify emerging risks and opportunities across Management Liability product lines (D&O, E&O, EPL, Fiduciary, Cyber, etc.).

• Partner with actuarial pricing, reserving, and data management teams to enhance the financial strength and competitiveness of the Management Liability portfolio.

• Build and deliver executive-level reporting and presentations to influence underwriting strategy, distribution engagement, and market positioning.

• Represent actuarial and financial perspectives in strategic planning, budgeting, and product development initiatives.

• Monitor competitive trends, regulatory changes, and economic developments that may impact profitability or market share.

May perform other responsibilities as assigned .

Reporting Relationships : Report to VP. Role is an individual contributor.

Typical Skills and Experiences:

Education: Bachelor’s degree in Actuarial Science , Finance, Mathematics, Statistics, Economics, or related field; advanced degree a plus .

License/Certification/Designation : Fellowship or near-Fellowship status with a recognized actuarial organization (FSA, FCAS) preferred; or equivalent deep actuarial and financial expertise .

Experience : 10 –15 years of experience in insurance, with a strong background in Management Liability, Commercial Lines, or related specialty lines.

Knowledge , Abilities and Skills :

Expertise in insurance financials, pricing strategies, portfolio optimization, and combined ratio management. Demonstrated success in using data-driven insights to influence business strategy and improve financial performance. Strong leadership and collaboration skills; proven ability to manage cross-functional initiatives and influence without direct authority. Advanced proficiency in actuarial modeling tools, data analysis software (Excel, SQL, Python, R), and visualization platforms (Power BI, Tableau). Exceptional communication and executive presentation skills. Deep understanding of broker relationships and the distribution landscape within Management Liability. Strategic thinker with a commercial mindset and strong business acumen.

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 H uman Resource Business Partner.

Values : Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility : Exempt (Not Eligible)

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 .

We currently anticipate accepting applications until 06/23/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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.

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

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 Sr Consultant, Underwriting Practice and Insights - E&S/Specialty : $110,000.00-$212,000.00 The expected starting salary range for Sr Consultant, Underwriting Practice and Insights - E&S/Specialty : $119,000.00 - $179,000.00