Specialist, Program Underwriting - Alternative Ventures

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.

Job Description Summary

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

As a Specialist, you will partner with various program managers on specific account referrals, providing them with business resources and operational support. You'll review and analyze numerous, highly complex lines of business. You'll evaluate market trends and assist in identifying new business opportunities. You'll collaborate between business partners for development and implementation of program specific tools (i. e. underwriting guidelines, forms/rate filings, etc. ) for new programs or modifications to existing programs. In order to be successful, you will need to build and maintain effective relationships with internal business liaisons, external program managers, and brokers. You'll be responsible for the training and mentoring of underwriting team members.

Job Description

Key Responsibilities:  

• Drives the sales and underwriting relationship for Programs products and services. Responsible for reviewing complex (e.g. including shared and layered property, general liability, excess, auto, recreation marine, energy, environmental, inland marine, warranty and workers compensation) and other underwriting referrals that exceed program administrator’s authority level.  Some of the risks could be multinational or have alternative arrangements in place that make them unique. Analyzes program referrals to ensure appropriate pricing, coverage, and terms and conditions being offered are within underwriting guidelines. Authority to approve account specific referrals.

• Conducts research, development and presentation of new programs, forms and manuals. Reviews and analyzes new program business submissions; presents underwriting workup/evaluations to management for approval to senior management. Provides recommendations to management regarding new business submissions for approval.

• Corresponds with program managers on regular basis to gauge respective market trends and profitability and to foster good working relationships. Provides updates to underwriting guidelines as necessary. Recommends underwriting guideline modifications to management.

• Assists with reinsurance placement, per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Gathers data needed for reinsurance submissions and reinsurers presentations. Maintains good working relationship with reinsurers.

• Provides program research and development, form development, rate development, specials projects, technical assistance to brokers, as well as underwriting assistants, and other underwriters.

• Participates in bi-annual underwriting audits for each program to ensure that guidelines are being properly adhered to. Provides summation/analysis of audit results.

• Establishes and maintains effective relationships with brokers, program managers, managing general agents in order to generate premium dollars and profitably. Attends meetings with and travels to program administrator offices for marketing visits. Entertains brokers, program managers and potential new partners to ensure strong relationships to write business.

• Participates in the integration of new and existing programs. Collaborates with business liaisons to develop program specific tools (i.e. underwriting guidelines, forms/rate filings, etc.). Ensures that appropriate business partners are informed and provide support for program integration.

• Attends industry functions to promote the capabilities of the FS Programs team in order to generate premium dollars and profitably. Assists in helping to identifying new program business opportunities.

• Provides various monthly data reports to FS Programs staff.

• Acts as a resource for training and guidance