Consultant, Program Underwriting - Alternative Ventures

Nationwide•Columbus, OH

5d•$120,000 - $224,000•Hybrid

About The Position

This role goes beyond analysis to deliver actionable recommendations, lead program strategy and performance, make underwriting decisions, and drive initiatives from problem identification through execution—while maintaining full accountability and aligning outcomes at both program and portfolio levels. The Consultant will be responsible for reviewing and analyzing numerous, highly complex lines of business. They will underwrite individual risk for acceptability, pricing, coverage, terms and conditions. They will lead in the development and integration of new and existing programs and identify new program opportunities. The role involves participating in making reinsurance decisions, assisting in developing and implementing loss control and risk management strategies, and collaborating with business partners for the development and implementation of program-specific tools (e.g., underwriting guidelines, forms/rate filings) for new or modified programs. Communication of program updates to program managers and other business liaisons is also a key responsibility. Building and maintaining effective relationships with internal business liaisons, external program managers, and brokers is crucial for success. The role also includes training and mentoring of underwriting team members.

Requirements

Extensive E&S property underwriting experience in program/MGA environments across domestic and international portfolios with the ability to identify trends, assess portfolio performance, and drive strategic underwriting decisions
Expertise in complex property classes, such as real estate, renewable energy, builders’ risk, inland marine, industrial, and CAT-exposed risks
Strong foundation in property underwriting fundamentals, such as risk analysis, coverage design, pricing, policy structure, and audit
Typically five or more years related experience as a Professional, Financial and/or Specialty lines underwriter.
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.
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.
Legal knowledge related to insurance, contract and business law preferred.
Understanding of employment principles and practices.

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