Consultant, Brokerage Excess Underwriting - E&S/Specialty

Job Conditions 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 Experience with wholesale broker distribution chain strongly desired. 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 hear from you! Job Description Key Responsibilities Research and develop new classes of business as directed. Research market trends and competition. Assess market viability, create forms & endorsements, and develop rates with actuarial support. On large, complex accounts, partner with Actuarial team to develop rates/pricing, Finance team to review potential insureds profitability profile, and claims team to review SIR viability and potential frequency and severity of losses. Review individual risks with assigned brokers and either decline or accept business based on information necessary to make the decision. The underwriter analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determines endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk. Within department guidelines places reinsurance, if any, for the account. Achieve team/individual production and loss ratio goals with assigned brokers through sound broker management and marketing. Work on the most complex issues concerning coverage, terms and conditions, and continually analyze premium and loss results of assigned brokers by state, major classes of business, etc. Continually assess quality of broker submissions and make corrective action recommendations. Oversee or handle policy maintenance items and other mid‑term requests. Review endorsement requests and authorize necessary changes to the policy. Review Loss Control reports and recommendations and partner with the broker to ensure loss control compliance. Follow up on outstanding information as required. Review claim activity and take appropriate action. Foster positive business relationships with brokers, through frequent contact. Develop and maintain good rapport and resolve broker conflicts. Travel to broker offices as required for training or marketing visits. Entertain brokers visiting the Company as required. Assist with development of marketing ideas and strategies for Underwriting events and other marketing campaigns. Demonstrate a thorough understanding of facultative reinsurance and place reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Maintain good working relationship with reinsurers. Resolve technical questions of the greatest complexity. Proactively develop technical and business knowledge through internal and external venues. Teach classes to build technical underwriting knowledge to brokers, SSU students and other underwriters. Mentor new and existing underwriting talent. May perform other responsibilities as assigned. Reporting Relationships Reports to Underwriting Manager. May have up to three direct reports. Indirect reports not typically assigned. Typical Skills And Experiences Education Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree. License/Certification/Designation Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred. Experience Eight years CL underwriting experience handling large or complex accounts, excess & surplus lines experience preferred. Knowledge, Abilities and Skills Knowledge of complex CL underwriting policies, practices and procedures, insurance law and underwriting/marketing principles and techniques. Knowledge of Standard Bureau Rating plans and concepts such as catastrophe management. Knowledge of alternative rating methods and plans and pricing theory. Knowledge of Treaty & Facultative reinsurance. Knowledge of regulatory issues, the wholesale broker system, market conditions and company operations. Values Regularly and consistently demonstrates the Nationwide Values. Job Conditions Overtime Eligibility Exempt (Not Eligible) Working Conditions Normal office environment. Extended and non‑standard work hours based on project and customer deliverable. Travel 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 Medical/dental/vision, life insurance, short and long term disability coverage, paid time off with new hires receiving a minimum of 18 days of paid time off each full calendar year prorated 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. Equal Opportunity Statement 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 protected by applicable law. Other Information This position could be filled within any of the lower 48 U.S. states. Smoke‑Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company‑issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at View phone number on click.appcast.io. For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) Note To Employment Agencies We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means. Compensation Nationwide 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. Note on Compensation for Part‑Time Roles: Please be aware that the salary ranges listed below reflect full‑time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full‑time schedule. National salary range for Consultant, Brokerage Excess Underwriting – E&S/Specialty: $104,000.00–$194,000.00 Expected starting salary range for Consultant, Brokerage Excess Underwriting – E&S/Specialty: $104,000.00–$156,000.00 #J-18808-Ljbffr Nationwide