Specialist, Program Underwriting - Alternative Ventures at Nationwide | Congers, NY, US | Rezi

Specialist, Program Underwriting - Alternative Ventures at Nationwide

Specialist, Program Underwriting - Alternative Ventures

Nationwide · Congers, NY, US

3 weeks ago

Specialist, Program Underwriting - Alternative Ventures

Nationwide · Congers, NY, US

25 days ago
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About the Role

Nationwide's Property and Casualty team is seeking a passionate individual to innovate and simplify processes, providing exceptional customer value. This role involves analyzing complex risks and finding insurance solutions that balance customer needs with business goals.

Responsibilities

  • Drives the sales and underwriting relationship for Programs products and services.
  • Reviews and analyzes complex underwriting referrals that exceed program administrator authority.
  • Analyzes program referrals to ensure appropriate pricing, coverage, and terms and conditions.
  • Approves account specific referrals.
  • Conducts research, development, and presentation of new programs, forms, and manuals.
  • Reviews and analyzes new program business submissions and presents evaluations to management.
  • Provides recommendations to management regarding new business submissions.
  • Corresponds with program managers to gauge market trends and profitability.
  • Updates underwriting guidelines as necessary and recommends modifications.
  • Assists with reinsurance placement and gathers data for reinsurance submissions.
  • Maintains good working relationships with reinsurers.
  • 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, program managers, and managing general agents.
  • Attends meetings and travels for marketing visits.
  • Entertains brokers, program managers, and potential new partners.
  • Participates in the integration of new and existing programs.
  • Collaborates with business liaisons to develop program-specific tools.
  • Ensures appropriate business partners are informed and provide support for program integration.
  • Attends industry functions to promote team capabilities.
  • Assists in identifying new program business opportunities.
  • Provides monthly data reports to FS Programs staff.
  • Acts as a resource for training and guidance for less experienced staff.
  • May be responsible for underwriting and support staff.
  • May perform other responsibilities as assigned.

Requirements

  • Undergraduate studies with a focus in Finance, Accounting, Economics, and/or Risk Management.
  • Typically three or more years of related experience as a Professional, Financial, and/or Specialty lines underwriter.
  • Some experience in the technical aspects of data management is helpful.
  • Demonstrated knowledge of Professional, Financial, and/or Specialty lines underwriting policies, practices, and procedures.
  • Knowledge of insurance law and underwriting marketing principles and techniques.
  • Working knowledge of financial documents, financial analysis, investments, and market conditions.
  • Understanding of legal concepts related to insurance, contract, and business law is preferred.
  • Ability to communicate complex underwriting concepts.
  • Effective verbal and written communication skills with a variety of individuals at various levels, both internally and externally.
  • Demonstrates negotiation skills and ability to persuade.
  • Ability to understand and foster positive business relationships.
  • Ability to determine acceptability of referred business relative to guidelines.
  • Good understanding of financial concepts.
  • 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 support numerous parties at one time.
  • Ability to set work priorities in all aspects of data management, imaging, and procedures and processes is helpful.
  • Ability to make decisions that reflect the goals of the company, both financially and ethically.
  • Regularly and consistently demonstrates Nationwide Values.

Skills

  • Analytical skills
  • Creative abilities
  • Decision-making
  • Relationship building
  • Training and mentoring
  • Sales and underwriting
  • Risk analysis
  • Market trend analysis
  • Business opportunity identification
  • Collaboration
  • Communication
  • Negotiation
  • Persuasion
  • Problem-solving
  • Data management
  • Reinsurance placement

Location

  • Office environment

Work Type

  • Exempt
  • Travel locally and overnight for client meetings as needed

Experience Level

  • Three or more years related experience

Education Level

  • Undergraduate studies
  • Degree preferred

Salary/Compensations

  • $92,000.00-$171,000.00
  • $92,000.00 - $138,000.00

Benefits

  • Medical/dental/vision
  • Life insurance
  • Short and long term disability coverage
  • Paid time off (minimum of 18 days per year)
  • 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

About the Company

  • Nationwide is a Fortune 100 company with nearly $70 billion in annual sales.
  • At Nationwide®, 'on your side' goes beyond just words.
  • Customers and partners are at the center of everything we do.

Equal Opportunity

  • 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 (or classification) protected by applicable law.