Property Program Underwriter, Consultant - Reinsurance and Alternative Risk Transfer

Nationwide•Ohio-Work from Home-2, OH

9d•$120,000 - $224,000•Remote

About The Position

This role is for a Property Program Underwriter, Consultant specializing in Reinsurance and Alternative Risk Transfer within Nationwide's Property and Casualty team. The company is a Fortune 100 organization with significant annual sales, focused on innovation and customer value. The ideal candidate is a problem solver with analytical and creative abilities, capable of analyzing complex risk, finding insurance solutions, and making sound decisions. This consultant will be responsible for reviewing and analyzing complex Programs, underwriting individual risks for acceptability, pricing, coverage, terms, and conditions. They will lead the development and integration of new and existing programs, identify new program opportunities, participate in reinsurance decisions, and assist in developing loss control and risk management strategies. Collaboration with business partners for program-specific tools, communication of program updates, and building relationships with internal liaisons, external program managers, and brokers are key aspects of the role. The position also involves training and mentoring underwriting team members.

Requirements

Undergraduate studies with focus in Business, Finance, Accounting Economics, and/or Risk Management.
Typically, eight or more years’ related experience as a commercial insurance (primarily E&S) or specialty underwriter.
Demonstrated knowledge of commercial insurance (primarily E&S) or specialty 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.
Regularly and consistently demonstrates Nationwide Values.

Nice To Haves

Graduate degree preferred.
Program leadership experience is preferred.

Responsibilities

Serves as the primary underwriting lead for assigned programs with authority to make independent underwriting and portfolio management decisions within delegated authority levels.
Drives the sales and underwriting relationship for Programs products and services.
Develops, recommends, and executes strategic underwriting plans for programs and is accountable for achieving targeted performance outcomes.
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 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 reinsurers 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 relationships 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.
Owns the end-to-end audit process for programs, including planning, execution, findings, stakeholder communication, remediation plans, and follow-through.
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 or Specialty 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.