Sr. Consultant, Brokerage Excess Underwriting - E&S/Specialty

Nationwide•Scottsdale, AZ

3d•$136,000 - $204,000•Remote

About The Position

This role is within Nationwide's Property and Casualty team, focusing on Excess & Surplus/Specialty (E&S/S) lines of insurance. The position involves underwriting complex risks, developing insurance solutions, and managing broker relationships. It operates in a fast-paced, collaborative, and team-oriented environment within a growing industry. The Senior Underwriting Consultant will have a high level of authority and judgment, working with minimal direction to achieve production and loss ratio goals. Responsibilities include evaluating risks for acceptability, pricing, coverage, terms, and conditions, as well as developing new business classes, managing workflow, coaching, and mentoring other underwriters. The role also involves representing the department in company initiatives and potentially approving referrals that exceed lower-level underwriter authority.

Requirements

Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
Eight years CL underwriting experience handling large or complex accounts, excess & surplus lines experience preferred.
Knowledge of complex CL underwriting policies, practices and procedures, insurance law and underwriting/marketing principles and techniques.
Knowledge of Standard Bureau Rating plans and concepts such as catastrophe management.
Knowledge of Alternative rating methods and plans and pricing theory.
Knowledge of Treaty & Facultative reinsurance.
Knowledge of regulatory issues, the wholesale broker system, market conditions and company operations.
Ability to communicate effectively, verbally, and in writing, inter personally with individuals and groups via telephone, tele/video conference, fax, e-mail and in person.
Demonstrates advanced negotiation skills and ability to work as a project lead.
Ability to manage the line of business assigned, which may include monitoring of aggregates.
Ability to work with the wholesale broker system.
Ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies, reinsurance.
Ability to use/learn job related computer software.
Ability to handle the most complex accounts.
Ability to devise business solutions to complex problems, implement the most appropriate, and monitor the effectiveness.
Ability to make decisions on highly complex issues and work with minimal direction.
Ability to train and mentor all levels of underwriters, underwriting assistants and interns.
Ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance.
Ability to apply market trends and competitor intelligence to underwriting approach.
Regularly and consistently demonstrates the Nationwide Values.

Nice To Haves

Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Responsibilities

Underwrite individual risks for acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of the most complex technical nature with the highest level of authority for the Excess Casualty line of business.
Achieve production and loss ratio goals with assigned brokers and program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts.
Determine appropriate reinsurance placement if any on individual accounts.
Foster positive business relationships with co-workers, brokers, and reinsurers.
Research, develop and present new classes of business including market viability, forms development, manuals, available reinsurance and assist the manager with department strategies.
Manage the workflow of assigned underwriters, employee coaching and development, and mentoring underwriters at all levels.
Approve referrals that exceed the authority of lower level underwriters in the absence of the Manager.
Represent the department in various division and company committees/initiatives.
Research and develop new classes of business as directed.
Research market trends and competition.
Assess market viability, create forms & endorsements, and develop rates with actuarial support.
Partner with Actuarial, Finance, and Claims teams on large, complex accounts.
Review individual risks with assigned brokers and either decline or accept business.
Analyze exposures to loss with the highest level of technical expertise and accuracy.
Develop an adequate premium charge for the exposure.
Determine endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk.
Place reinsurance, if any, for the account within department guidelines.
Achieve team/individual production and loss ratio goals with assigned brokers through sound broker management and marketing.
Continually analyze premium and loss results of assigned brokers.
Continually assess quality of broker submissions and make corrective action recommendations.
Oversee or handle policy maintenance items and other mid-term requests.
Review endorsement requests and authorize necessary changes to the policy.
Review Loss Control reports and recommendations; partner with the broker to ensure loss control compliance.
Follow up on outstanding information as required.
Review claim activity and take appropriate action.
Foster positive business relationships with brokers, through frequent contact.
Develop and maintain good rapport and resolve broker conflicts.
Travel to broker offices as required for training or marketing visits.
Entertain brokers visiting the Company as required.
Assist with development of marketing ideas and strategies for Underwriting events and other marketing campaigns.
Demonstrate a thorough understanding of facultative reinsurance and place reinsurance per department guidelines.
Maintain a good working relationship with reinsurers.
Responsible for the resolution of technical questions of the highest complexity.
Proactively develop technical and business knowledge through internal and external venues.
Teach classes to build technical underwriting knowledge to brokers, SSU students and other underwriters.
Mentor new and existing underwriting talent.
May perform other responsibilities as assigned.