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Job Description Summary
Leads the Excess Casualty Insurance Retail Distribution coverage line of business (LOB) for the enterprise. Responsible for developing the Excess Casualty coverage book of business strategy for MLS and executing on all premium and profitability goals.Job Description
Reporting Relationships: Reports to SVP, CML, Fin Inst. Surety. Direct reports include Underwriting Consultant, Underwriters, and Sr Underwriters.
Core Duties and Responsibilities:
Develop a strategy for going to market and launching LOB as part of the MLS suite of offerings. Secure appropriate reinsurance for Excess Casualty. Develop and retain needed relationships to ensure long term success meeting or exceeding the business goals for this product.Establish pricing for Excess Casualty. Oversee the creation of the database needed for the pricing model including the correct partnership with actuarial expertise. Markets to customers effectively and within underwriting requirements.Hire and lead a staff of subject matters experts and analysts to manage this book of business. Identify and secure the needed claims resources for this LOB.Assume management of future E&O lines as started up by MLS. Performs other duties as assigned.Typical Skills and Experiences:
Education: Bachelors in Economics/Finance Mathematics, International relations and/or political science desired.
License/Certification/Designation: MBA preferred. CPCU desired.
Experience: Ten years’ experience managing this line of business or related experience required. Strong business development experience as well as customer relationship skills needed. Deep underwriting expertise required as evidenced by 10 years of underwriting excess casualty accounts. Presentation and communication skills needed.
Knowledge, Abilities and Skills:
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.
Job Conditions:
Overtime Eligibility: Exempt (Not Eligible)
Working Conditions: Normal office environment. Some travel may be required.
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 people 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.pdfNationwide 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 VP, Excess Casualty Lines : $217,500.00-$362,500.00The expected starting salary range for VP, Excess Casualty Lines : $217,500.00-$362,500.00