Consultant Underwriter, Specialty Brokerage - Excess Casualty

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.

Position is open to hybrid work schedule based in New York City.

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Job Description Summary

Are you a critical problem solver 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 tackle real challenges, we want to know more about you!

As an Underwriting Consultant in our Specialty Brokerage Excess Casualty Division, we'll count on you to build and grow relationships with general agents, brokers and other customers.

In this role, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Specialty Excess Casualty line of business. In addition, you’ll achieve production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. You will work with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.

Job Description

Key Responsibilities: 

• Develops and implements business strategies, underwriting plans and portfolio management strategies for specific line of business. Provides business forecasting related to trends, and profitability within region/channel.

• Directs distribution partner/results and recommends corrective action if necessary. Conducts regular visits with partners to understand business needs and to identify new business opportunities.

• Coordinates and participates 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. Maintains good working relationship with re-insurers.

• Maintains composition of designated book of business to achieve favorable results. Monitors performance and provides report card on regional/channel results. Takes action based on results as needed.

• Interacts with all departments of the company to achieve company goals and objectives.

• Communicates regional and/or business unit initiatives and goals. Builds alignment within territory teams within the region and across the regions.

• Provides input and feedback on performance for Underwriters and Managers within specified lone of business.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Associate Vice President/Director. No direct or indirect reports.

Typical Skills and Experiences: 

Education: Undergraduate studies in finance, accounting economics, and/or risk management.

License/Certification/Designation: CPCU preferred

Experience: Six years of related experience as a Casualty Underwriter preferred. Informal or formal leadership experience in casualty lines of business is preferred. Some experience in the technical aspects of data management, imaging and procedures and processes helpful.

Knowledge, Abilities and Skills: In-depth knowledge of excess casualty lines, underwriting policies, practices and procedures, underwriting marketing principles and techniques. In-depth knowledge of financial analysis and statements, investments, market conditions essential. Knowledge related to insurance, contract and business law preferred.