VP, Property Underwriting Performance – Excess and Surplus/Specialty and Commercial Lines

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, 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 and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Please Note: This position is open to working remotely in the United States.

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Job Description Summary

Are you seeking an incredible opportunity to drive the underwriting strategy of a Fortune 100 company? Are you an expert in Excess and Surplus/Specialty and Commercial Lines insurance? If you thrive in an environment where you can collaborate with leaders across business lines and home office teams to achieve financial goals, strategic vision and build industry expertise, then we want to hear from you!

As the leader for Property Underwriting Performance, you will deliver market-leading product line expertise to drive profitable performance through underwriting excellence by guiding multiple E&S/Specialty and Commercial Lines functions in risk selection, appetite, guidelines, coverage, and pricing for Property risks inclusive of Catastrophe (CAT) exposures, Crime and Inland Marine. You will work across the Nationwide Excess and Surplus/Specialty and Commercial Lines value chains to provide best-in-class underwriting, pricing, processes, and governance.

Job Description

Key Responsibilities: 

• Thought Leadership - Provide profit driven thought leadership to the Nationwide E&S/Specialty and Commercial Lines organizations on market trends in data usage, pricing, coverage, and appetite. Acquire and leverage market intelligence to compare to peers' and position designated products to ensure a competitive fit for partners/customers.

• Operational Excellence - Establish and maintain Property portfolio best practices across Nationwide E&S/Specialty and Commercial Lines. Lead underwriting process improvements, underwriting guideline enhancements, training and referrals as needed. Assist with underwriting audits as needed by the Quality Team. Working with the Reinsurance team to assist placement as needed. 

• Portfolio Optimization - Develop effective collaboration with Pricing Actuaries and ERM CAT team to ensure pricing, geographic exposure distribution, and peril risks are adequately priced, controlled and monitored. Assist in accumulation management across all CAT exposures.

• Talent Development - Lead Nationwide E&S/Specialty and Commercial Lines associates on future of work skill development and education along with team effectiveness and development.

• Participate in business review at a portfolio, product, and key account level. Engage in execution of corrective action plans to achieve profitability targets

May perform other responsibilities as assigned.

Reporting Relationships: Reports to SVP.

Typical Skills and Experiences: 

Education: Undergraduate degree required in Business, Finance, Insurance, Economics, Statistics, or related field.

Experience: 15+ years of Property line of business underwriting, including CAT; regulatory, analytics, rate/rule/and form filings and profitability management is preferred. Experience in commercial lines, admitted and non-admitted, including shared and layered is also preferred.

Knowledge, Abilities and Skills:  Expert knowledge of Property, Inland Marine, and crime for both admitted and non-admitted underwriting, risk and regulatory environment. Technical underwriting, product and insurance carrier value chain expertise, advanced analytics, modeling and data fluency.

Expertly demonstrates a strategic mindset, organizational and interpersonal savvy, strong written and verbal communication skills, along with an ability to negotiate and influence others, and drive vision and purpose. Exercises independent judgement and effectively makes sound business decisions. Creatively resolves unique and challenging business problems.

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 Nationwide Values.

Job Conditions: