If you’re passionate about helping people protect what matters most to them, 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 are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Compensation Grade: G.SD150

This is a hybrid position to be based in New York at our Battery Park Plaza location. It is anticipated that 2-3 days per week will be worked in office.

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Job Description Summary

Are you a critical thinker 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 solve real challenges, we want to know more about you!

Underwrites individual risk for acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of the most complex technical nature. Influences and manages customer relationships. Responsible for supporting the Underwriting operations through supervision of underwriting and support staff. Provides guidance and expertise in the development, improvement and implementation of the techniques, procedures, processes, workflow, guidelines and programs utilized to support staff in all lines of business. Responsible for setting, monitoring, achieving, and measuring the established goals for assigned area under the director. Approves accounts which exceeds underwriting staff's authority either due to complexity, premium and class of business or coverage provided.

Job Description

Location: Scottsdale-Freedom Specialty

Key Responsibilities:

Reviews individual risks or programs within assigned territory from brokers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.

Achieves individual production and loss ratio goals within assigned territory through sound territory management and marketing. Works with the most complex issues concerning coverage, programs, agents, brokers and program managers. The underwriter continually analyzes premium and loss results in their territory by agency, state, major class of business and by program. Performs audits of individual risks 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 technical questions of the highest complexity.

Handles policy maintenance items and other mid-term requests. Reviews endorsement requests and processes necessary changes to the policy. Reviews loss control reports and makes recommendations to the broker and/or changes to the policy. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action.

Independently establishes and maintains effective relationships with Brokers in order to generate premium dollars and profitably. Travels to broker offices as required for marketing visits. Frequently entertains Brokers to market services and ensure strong relationship to write business. Meetings typically include CFOs, CEOs of client organizations and several Underwriters from other organizations.

Leads underwriting meetings with Brokers, Clients, and other Underwriters. Meetings typically include CFOs, CEOs of client organizations and several Underwriters from other organizations. The CFO/CEO provides information. Underwriter clarifies and questions information provided by the client to appropriately assess the risk. Handles highly complex accounts and those that which potentially require higher limits of liability.

Responds to problems, questions and concerns from users, department management and others within and outside the department regarding Underwriting support and rating functions.

Assists in the administration of Company policies and underwriting philosophies to meet the objectives of the Department. Prepares statistical reports as required by the Underwriting units such as monthly volume, renewal retention.

Provides support in preparation for internal audits and those performed by reinsures and internally reviews/audits policies and/or endorsements to monitor quality, completeness, accuracy and adherence to the authority levels of staff.

Coordinates with other user groups the establishment of procedures to expedite work processes and work flow to meet underwriting and agent requests to quote, bind and issue policies.

Provides input and data to help drive and implement strategic underwriting plans. Provides business forecasting related to trends, and profitability within region/channel.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Director/AVP; may have some underwriting staff reporting to them or may act as mentor.

Typical Skills and Experiences:

Education: Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management. Masters level degree preferred.

Experience: Typically 5 or more years related experience as a D&O and/or E&O Underwriter. Leadership experience in the D&O lines of business is preferred. Proven ability to lead, train, motivate employees and set work priorities in all aspects of multi-line underwriting support and rating. Some experience in the technical aspects of data management, imaging and procedures and processes helpful.

Knowledge, Abilities and Skills: 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. Legal knowledge related to insurance, contract and business law preferred. Ability to communicate interpersonally with individuals and groups via the telephone and in writing. Ability to promote professional attitude. Strong organizational and planning skills. Ability to set work priorities that conform to established standards. Ability to evaluate, analyze and recommend solutions to problems relating to underwriting support and rating. Ability to devise business solutions to complex problems, implements the most appropriate, and monitor the effectiveness. Ability to make decisions on highly complex issues and work with minimal direction. Ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance. Ability to train and mentor underwriters, underwriting assistants, raters.

Other criteria, including leadership skills, competencies and experiences may take precedence. 

Staffing Exceptions to the above minimum job requirements must be approved by the: hiring manager’s leader and HRBP.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Ability to travel locally and overnight for client meetings as needed.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.

Benefits

We have an array of benefits to fit your needs, including: 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, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.

The national salary range for Consultant, Brokerage Management Liability - E&S/Specialty : $108,000.00-$224,000.00

The expected starting salary range for Consultant, Brokerage Management Liability - E&S/Specialty : $120,000.00 - $180,000.00