Note: The job is a remote job and is open to candidates in USA. Nationwide is a Fortune 100 property and casualty insurance company focused on helping customers protect what matters most. The Consultant will analyze complex specialty program risks, make underwriting and reinsurance decisions, develop and implement programs and underwriting guidelines, and build relationships with program managers, brokers, and internal business partners. The role also provides consulting, training, and mentoring while supporting program growth and profitability.
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 (e.g. including shared and layered property, general liability, excess, auto, recreation marine, energy, environmental, inland marine, warranty and workers compensation) individual risks, programs, or referrals within assigned territory from program managers and declines or accepts business based upon information necessary to make the decision. Some of the risks could be multinational or have alternative arrangements in place that make them unique. 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, semiautomatic 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
Skills
- Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management
- Typically five or more years related experience as a Professional, Financial and/or Specialty lines underwriter
- Some experience in the technical aspects of data management, imaging and procedures and processes helpful
- 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
- Understanding of employment principles and practices
- 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
- Ability to travel locally and overnight for client meetings as needed
- This position could be filled within any of the lower 48 U.S. states
- Experience with US/International Financial Lines, Commercial ML, Cyber and/or Professional Liability 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 Overview
Company H1B Sponsorship