Sr. AVP, Crime and Fidelity Small Market Underwriting – E&S/Specialty

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.

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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!

As a Sr AVP, you'll be responsible for setting, monitoring, achieving, and measuring the established goals for the region or channel. You'll develop and implement region's or channel's strategic plans and objectives. You'll analyze, develop, and monitor expense budget. You will be accountable for underwriting guidelines, rates, forms and procedures across regions or within territory. You'll also be counted on to influence relationships with general agents, brokers, and other customers.

Job Description

Key Responsibilities: 

• Develops and implements strategic underwriting plans. Provides business forecasting related to trends, and profitability within region/channel.

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

• Directs the general agency, brokerage relationships/results, and recommends corrective action if necessary. Conducts regular visits with general agents/brokerage to understand business needs and to identify new business opportunities.

• Approves accounts which exceed underwriting staffs’ authority due to level of complexity, premium, class of business or coverage provided.

• 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.

• Responsible for overall production and loss ratio goals through sound marketing. Promotes company products and programs.

• Administers 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.

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

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

• Monitors industry trends to stay well-informed of new products, distribution systems, trends, competitor offerings, emerging business and legal trends impacting management liability exposure.

• Maintain and uphold knowledge of emerging business and legal trends impacting the management liability exposure of the line of insurance we write.

• Review account submissions for brokerage territory and make determination on adequacy of information and preliminary risk acceptability.

• Analyze and review application, financial documents, company management and prospects, industry prospects, legal structure and outstanding litigation.

• Determine proper insurance program including layer attachment, terms, conditions, pricing and alternatively decline or non-renewal coverage.

• Service of existing account and new accounts, including quote letters, binders, policy issuance, endorsement drafting and issuance.

• Keep informed of the competitor products, philosophy and distribution systems

• Directs associate management including performance management, salary planning and administration, training and development, workflow and organizational planning, hiring and placement, and disciplinary actions.

May perform other responsibilities as assigned. 

Reporting Relationships:  Reports to VP and will manage a team of Underwriting Professionals

Typical Skills and Experiences: 

Education:  Undergraduate studies with focus in finance, accounting, economics, and/o