Consultant Underwriter, Specialty Brokerage - Excess Casualty

Nationwide•New York, NY

1d•Hybrid

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 will work underwriting National Accounts new and renewal excess general casualty business including negotiating price, terms and conditions with retail broker partners while proactively managing capacity, risk appetite and profitability. Preferred risk profile targets customers with 250M or more in revenue, with emphasis on Fortune 500 companies. Our broker partners are extremely important to our underwriting model and success; we are seeking someone with the ability to develop as well as strengthen relationships and a strong market facing presence. This position will be hybrid with 2 days per week in our NY Battery Park Plaza office (New York City) required. This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program. Job Description Summary Are you a critical 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 tackle real challenges, we want to know more about you! As an Underwriting Consultant in our Specialty Brokerage Excess Casualty Division, we'll count on you to build and grow relationships with general agents, brokers and other customers. In this role, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Specialty Excess Casualty line of business. In addition, you’ll achieve production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. You will work with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.

Requirements

Undergraduate studies in finance, accounting economics, and/or risk management.
Six years of related experience as a Casualty Underwriter preferred.
In-depth knowledge of excess casualty lines, underwriting policies, practices and procedures, underwriting marketing principles and techniques.
In-depth knowledge of financial analysis and statements, investments, market conditions essential.
Knowledge related to insurance, contract and business law preferred.
Knowledge of employment principles and practices.
Excellent verbal and written communication skills to communicate with individuals and groups via telephone, fax, e-mail and in person.
Presentation skills.
Proven ability to supervise, train, motivate employees and set work priorities in all aspects of multi-line underwriting support and rating.
Demonstrates advanced negotiation skills.
Ability to work with assigned distribution partners.
Ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies, reinsurance.
Ability to learn and use job-related software, including Microsoft Office Suite products.
Ability to devise business solutions to complex problems, implement the most appropriate and monitor effectiveness.
Ability to make decisions on highly complex issues and work with minimal direction.
Ability to coach, train and mentor managers and underwriting personnel.
Ability to analyze and interpret mathematical, statistical and logical data and evaluate its reliability and significance.

Nice To Haves

CPCU preferred
Informal or formal leadership experience in casualty lines of business is preferred.
Some experience in the technical aspects of data management, imaging and procedures and processes helpful.

Responsibilities

Develops and implements business strategies, underwriting plans and portfolio management strategies for specific line of business.
Provides business forecasting related to trends, and profitability within region/channel.
Directs distribution partner/results and recommends corrective action if necessary.
Conducts regular visits with partners to understand business needs and to identify new business opportunities.
Coordinates and participates 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.
Maintains good working relationship with re-insurers.
Maintains composition of designated book of business to achieve favorable results.
Monitors performance and provides report card on regional/channel results.
Takes action based on results as needed.
Interacts with all departments of the company to achieve company goals and objectives.
Communicates regional and/or business unit initiatives and goals.
Builds alignment within territory teams within the region and across the regions.
Provides input and feedback on performance for Underwriters and Managers within specified lone of business.
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