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Nationwide · 2 days ago

Sr Consultant, Program Underwriting - E&S/Specialty

Scottsdale, AZ

Full-time

Hybrid

Senior Level, Lead/Staff

$136K/yr - $242K/yr

8+ years exp

Nationwide is a Fortune 100 company focused on helping people protect what matters most. They are seeking a Sr Consultant in Program Underwriting to analyze complex risks, develop strategic plans, and maintain effective relationships with program managers and internal partners.

BankingFinancial ServicesInsuranceLife Insurance

H1B Sponsor Likely

Responsibilities

High level individual contributor subject matter expert within the business unit. Responsible for driving the sales and underwriting relationship for Programs products and services. Responsible for establishment of program goals and metrics for a specific vertical; ensuring alignment with scorecards. Provides forecasting related to trends and profitability; takes action based on results as needed

Directs the program manager relationships and results and recommends corrective action if necessary. Understands business needs and identifies new business opportunities

Reviews highly complex (e.g. including D&O, E&O, Employment Practices Liability, Medical Professional Liability, Contractual Liability, Cyber Liability, Shared and Layered Property, General Liability, Excess, auto, Recreation Marine, Energy, Environmental, Inland Marine, Warranty and Workers Compensation) individual risks, programs, or accounts. Some of the risks could be multinational or have alternative arrangements in place that make them unique. Approves accounts which exceed underwriting staff authority/program managers authority due to level of complexity, premium, class of business or coverage provided

Administers and participates in discussions with reinsurers per department guidelines, verifying the appropriate use of all reinsurance facilities used by the department, including various treaty, semi-automatic and facultative reinsurance. Maintains good working relationship with reinsurers

Directs the development, implementation and monitoring of underwriting guidelines, rates, forms, product endorsements and procedures. Monitors and approves the preparation of rates, forms, and endorsement filings and authorizes the use of such rates, forms, and endorsements

Interacts with various business partners (i.e. claims, actuary, compliance, etc.) to achieve company goals and objectives. Communicates Program initiatives and performance goals. Builds alignment with teams within and across the organization

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 managers to market services and ensure strong relationships to write profitable business

Responsible for identifying new program opportunities, facilitating all steps involved in the due diligence process and making recommendations to senior management on new opportunities. Responsible for 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

Qualification

Underwriting expertiseFinancial analysisProgram leadershipInsurance regulations knowledgeData managementProject managementCommunication skillsNegotiation skillsProblem-solvingInterpersonal skills

Required

Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management

Typically eight years related experience as a Professional, Financial and/or Specialty lines underwriter

In-depth knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques

In-depth knowledge of financial documents, financial analysis, investments, market conditions essential

Must possess excellent verbal and written communication skills to interact with internal/external business partners at all levels

Ability to work with the wholesale brokerage distribution system

Demonstrated advanced skills to influence and negotiate with internal/external business partners at all levels

Must possess interpersonal savvy and well-developed program leadership ability

Must have the ability to manage large programs; develop and apply innovative approaches to program initiatives and problem solutions

Must be able to analyze and interpret mathematical, statistical and logical data and evaluate its reliability and significance

Proven ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies, reinsurance

Must have strong project and process management skills

Must have ability to evaluate, analyze and devise solutions to complex programs; implement the most appropriate business 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 establish region or channel objectives

Ability to apply/learn job related software

Preferred

Graduate degree preferred

Program leadership experience in professional lines of business is preferred

Legal knowledge related to insurance, contract and business law preferred

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

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees

http://nationwide.com

H1B Sponsorship

Nationwide has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (8)

2022 (2)