AVP, Middle Market Property Underwriting - Commercial
About The Position
Nationwide is hiring a technical executive leader for Middle Market Property Underwriting. The role sets and implements strategic direction for assigned lines of business, drives profitable growth, monitors portfolio health, and recommends product and underwriting improvements. The position calls for deep commercial underwriting expertise and an understanding of industry conditions, market trends, and competitive dynamics. With the integration of N2G responsibilities, the position will have 3–4 direct reports, including oversight of the N2G Technical Director for Property. It will assume responsibility for an additional $50 million in Property premium and a broader portfolio comprising ISO-based Commercial Property, Commercial Output Property, Inland Marine, and Capital Assets (domestic and international). The role will also provide leadership and oversight for potential shared and layered international Property offerings. The position reports to the SVP, Commercial Lines - Middle Market, and may be filled remotely within any of the lower 48 U.S. states. Overtime eligibility is not available.
Requirements
- Typically, 15 or more years of Middle Market and/or related commercial lines underwriting experience, including extensive technical understanding of specific lines of business.
- At least 5 years of management experience.
- Undergraduate studies, preferably in business or a related field.
- Comprehensive knowledge of industry strategy, including underwriting, pricing, operations, finance, and product development.
- Strong underwriting, insurance-industry-segment, and overall business acumen.
- Strategic and organizational agility, and ability to manage a vision and purpose.
- Strong problem-solving skills and a proven record of sound decision-making.
- Strong analytical skills and aptitude for financial evaluation of business performance.
- Ability to collaborate and build strong relationships across the organization.
- Ability to influence, drive results, work with ambiguity, and communicate effectively at all organizational levels.
- Self-starter with initiative and an innovative approach.
- Proven track record of setting goals and delivering results.
- Extensive underwriting expertise and ability to integrate knowledge across product lines and segments.
- Advanced technical and industry expertise.
- Knowledge of commercial property and casualty products, insurance operations, finance and actuarial concepts, the regulatory environment, reinsurance, account management, underwriting, producer management, and product development.
- Capabilities in analysis and problem solving, decision-making, relationship building, courage, innovation, effective communication, engaging and motivating people, negotiation, influencing others, service, process improvement, execution, planning, and organizing work.
- Regularly and consistently demonstrate Nationwide Values.
Nice To Haves
- Graduate studies preferred.
- Other criteria, including leadership skills, competencies, and experience, may take precedence.
Responsibilities
- Develop and present strategies for assigned lines of business to achieve growth and profitability targets.
- Collaborate with Loss Control and Claims teams to identify trends and recommend refinements to underwriting practices, Loss Control capabilities, or Claims insights.
- Analyze market trends and the competitive landscape to identify opportunities for expansion.
- Analyze claims and pricing study data to identify portfolio loss drivers and recommend tactical and strategic changes.
- Oversee the design and development of property- or casualty-specific enhancements that meet the needs of Industry Practice Leaders and Middle Market clients.
- Meet with Actuarial partners to provide feedback and recommend improvements to pricing capabilities based on current market trends.
- Manage underwriting compliance for the assigned area under applicable rating plans and respond to requests from departments of insurance or rating bureaus when needed.
- Serve as a subject matter expert for assigned lines in developing training, capabilities, and enterprise-wide initiatives.
- Set policy-limit strategy for using facultative reinsurance when limits exceed strategy or guidelines.
- Create industry white papers to educate the Middle Market organization and broker partners.
- Collaborate with product and portfolio, industry practices, underwriting capabilities, actuarial, and inside and field underwriting leadership teams to execute line-of-business strategy.
- Oversee management of a high-performing technical team, including performance management, engagement, salary administration, training, development, workflow, organization planning, day-to-day management, hiring, and disciplinary actions.
- Provide leadership and oversight for potential shared and layered international Property offerings.
- Perform other responsibilities as assigned.
Benefits
- Medical, dental, and vision coverage
- Life insurance
- Short- and long-term disability coverage
- Paid time off; newly hired associates receive a minimum of 18 days per full calendar year, prorated quarterly based on hire date
- Nine paid holidays
- Eight hours of Lifetime paid time off
- Eight hours of Unity Day paid time off
- 401(k) with company match
- Company-paid pension plan
- Business casual attire
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What This Job Offers
Job Type
Full-time
Career Level
Executive
