Consultant, Emerging Markets Underwriting

Nationwide Mutual Insurance•Scottsdale, AZ

1d•Remote

About The Position

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. This role is a Consultant in the Emerging Markets Implementation Team responsible for vetting, onboarding, and managing results and distribution relationships on emerging risk opportunities. This role reports to the Director of Program Underwriting in the Emerging Markets team. Emerging Markets is a specialized department within the Alternative Risk & Emerging Markets organization. The Emerging Markets team is focused on the exploration and discovery of emerging risks and unmet customer needs that are strategically aligned to generate new sources of revenue by leveraging traditional and non-traditional partnerships. We are focused on building and executing new products, risk transfer models, and/or distribution models to bring new revenue and learnings to Nationwide ESS. Are you a hyper curious learner with the ability to adapt current UW approaches to match a new product or offering? Are you able to collaborate with experts across multiple disciplines to launch and manage products through different distribution channels? 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! This is an opportunity for an underwriting professional who wants meaningful ownership without people management, enjoys working independently, and is excited to grow their expertise across risk management, product development, and business development. To be successful, you will need to build and maintain strong, collaborative relationships with customers, partners, vendors, E&S/S Executive team, leaders and staff, Product, Finance, Legal, P&C and Enterprise Innovation, Enterprise Ventures and Emerging Business Group, as well as other groups as needed. Additionally, you will manage the profit and loss statement (P&L) for the launched products in the portfolio ensuring profitability balanced with growth. You must be able to structure complex problems and develop creative solutions, take independent action, and adapt well to change. You will need to understand specific business dynamics, company context and strategy, and use this knowledge for problem-solving and to effectively communicate key messages to all audiences, regardless of medium, and deliver a high-quality work product that is supported by fact-based analysis and is in line with all commitments. 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.

Requirements

Risk Assessment & Underwriting Analysis
Program & Product Development Support
Business Development Mindset
Curiosity & Continuous Learning
Self‑Motivation & Accountability
Analytical & Critical Thinking
Relationship Building & Collaboration
Risk Management & Underwriting
Program & Product Development Support
Business Development & Relationship Management
Reinsurance & Portfolio Support
Self‑Directed Execution & Collaboration
Education : Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management.
Experience : Typically five or more years related experience as a Professional, Financial and/or Specialty lines underwriter.
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.

Nice To Haves

Graduate degree preferred.
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.
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.

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.

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