[Hiring] Specialist, Program Underwriting @Nationwide

Role Description

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.

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.

Key Responsibilities

• Drives the sales and underwriting relationship for Programs products and services.
• Responsible for reviewing complex underwriting referrals that exceed program administrator’s authority level.
• Analyzes program referrals to ensure appropriate pricing, coverage, and terms and conditions are within underwriting guidelines.
• Conducts research, development, and presentation of new programs, forms, and manuals.
• Corresponds with program managers to gauge market trends and profitability.
• Assists with reinsurance placement based on department guidelines.
• Provides program research and development, form development, rate development, and technical assistance.
• Participates in bi-annual underwriting audits for each program.
• Establishes and maintains effective relationships with brokers and program managers.
• Participates in the integration of new and existing programs.
• Attends industry functions to promote the capabilities of the FS Programs team.
• Provides various monthly data reports to FS Programs staff.
• Acts as a resource for training and guidance for less experienced staff.
• May perform other responsibilities as assigned.

Qualifications

• Undergraduate studies with focus in Finance, Accounting, Economics, and/or Risk Management. Degree preferred.
• Typically three or more years related experience as a Professional, Financial and/or Specialty lines underwriter.
• Some experience in the technical aspects of data management helpful.

Requirements

• Demonstrated knowledge of Professional, Financial, and/or Specialty lines underwriting policies, practices, and procedures.
• Working knowledge of financial documents, financial analysis, investments, and market conditions.
• Understanding of legal concepts related to insurance, contract, and business law preferred.
• Ability to communicate complex underwriting concepts required.
• Effective verbal and written communication skills with a variety of individuals at various levels.
• Demonstrates negotiation skills and ability to persuade.
• Ability to analyze insurance risks to determine acceptability.
• Ability to devise, implement, and monitor business solutions to complex problems.
• Ability to make decisions without supervision.
• Ability to set work priorities in all aspects of data management.

Benefits

• Medical/dental/vision.
• Life insurance, short and long term disability coverage.
• Paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated 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.