Consultant Underwriter, Specialty Brokerage - Excess Casualty
Nationwide, New York, NY, United States
Job Overview
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! This role will work underwriting National Accounts new and renewal excess general casualty business, negotiating price, terms and conditions with retail broker partners while proactively managing capacity, risk appetite and profitability. Preferred risk profile targets customers with $250M or more in revenue, with emphasis on Fortune 500 companies.
Our broker partners are extremely important to our underwriting model and success; we are seeking someone who can develop and strengthen relationships and has a strong market‑facing presence.
This position will be hybrid with 2 days per week in our NY Battery Park Plaza office (New York City) required.
*This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.
Job Description Summary As an Underwriting Consultant in our Specialty Brokerage Excess Casualty Division, you will build and grow relationships with general agents, brokers and other customers, determine individual risk acceptability, pricing, coverage, terms and conditions, and develop, analyze, and evaluate information and exposures on risks of a complex technical nature. You will achieve production and loss‑ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. You will work with a high level of authority and judgment, determine appropriate reinsurance placement and assist with research, development and presentation of new products, forms and manuals. You will also have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.
Key Responsibilities
Develops and implements business strategies, underwriting plans and portfolio management strategies for specific lines of business. Provides business forecasting related to trends, and profitability within region/channel.
Directs distribution partner results and recommends corrective action if necessary. Conducts regular visits with partners to understand business needs and identify new business opportunities.
Coordinates and participates in discussions with re‑insurers per department guidelines, verifying the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance.
Maintains composition of designated book of business to achieve favorable results, monitors performance and provides report cards on regional/channel results, and takes action based on results as needed.
Interacts with all departments of the company to achieve company goals and objectives.
Communicates regional and/or business unit initiatives and goals, building alignment within territory teams within the region and across regions.
Provides input and feedback on performance for Underwriters and Managers within the specified line of business.
May perform other responsibilities as assigned.
Reporting Relationships Reports to Associate Vice President/Director. No direct or indirect reports.
Typical Skills and Experiences Education : Undergraduate studies in finance, accounting, economics, and/or risk management.
License/Certification/Designation : CPCU preferred.
Experience : Six years of related experience as a Casualty Underwriter preferred. Informal or formal leadership experience in casualty lines of business is preferred. Some experience in the technical aspects of data management, imaging and procedures and processes helpful.
Knowledge, Abilities, and Skills : In‑depth knowledge of excess casualty lines, underwriting policies, practices and procedures, underwriting marketing principles and techniques. In‑depth knowledge of financial analysis and statements, investments, market conditions, insurance, contract and business law, employment principles and practices. Excellent verbal and written communication skills, presentation skills, and advanced negotiation skills. Ability to coach, train and mentor managers and underwriting personnel. Strong analytical skills to evaluate complex insurance risks, policy language, commercial and alternative rating plans, and reinsurance. Proficiency with Microsoft Office Suite and other job‑related software.
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 Human Resources Business Partner.
Values Regularly and consistently demonstrates Nationwide Values.
Job Conditions Overtime Eligibility : Not Eligible (Exempt).
Working Conditions : Normal office environment.
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 We offer a comprehensive benefits package including medical, dental, and vision coverage; life insurance; short‑ and long‑term disability coverage; paid time off (including 18 days minimum for new hires, 9 paid holidays, 8 hours of Lifetime PTO, and 8 hours of Unity Day PTO); 401(k) with company match; a company‑paid pension plan; and business casual attire. Additional details are available upon request.
Equal Employment 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.
For New York residents, please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf.
Compensation Nationwide pays on a geographic‑specific salary structure and placement within the starting salary range for this position will be determined by multiple factors including skills, education, training, credentials, experience and market. The national salary range for Consultant Underwriter, Specialty Brokerage – Excess Casualty is $120,000.00–$224,000.00. The expected starting salary range is $120,000.00–$180,000.00.
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Our broker partners are extremely important to our underwriting model and success; we are seeking someone who can develop and strengthen relationships and has a strong market‑facing presence.
This position will be hybrid with 2 days per week in our NY Battery Park Plaza office (New York City) required.
*This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.
Job Description Summary As an Underwriting Consultant in our Specialty Brokerage Excess Casualty Division, you will build and grow relationships with general agents, brokers and other customers, determine individual risk acceptability, pricing, coverage, terms and conditions, and develop, analyze, and evaluate information and exposures on risks of a complex technical nature. You will achieve production and loss‑ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. You will work with a high level of authority and judgment, determine appropriate reinsurance placement and assist with research, development and presentation of new products, forms and manuals. You will also have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.
Key Responsibilities
Develops and implements business strategies, underwriting plans and portfolio management strategies for specific lines of business. Provides business forecasting related to trends, and profitability within region/channel.
Directs distribution partner results and recommends corrective action if necessary. Conducts regular visits with partners to understand business needs and identify new business opportunities.
Coordinates and participates in discussions with re‑insurers per department guidelines, verifying the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance.
Maintains composition of designated book of business to achieve favorable results, monitors performance and provides report cards on regional/channel results, and takes action based on results as needed.
Interacts with all departments of the company to achieve company goals and objectives.
Communicates regional and/or business unit initiatives and goals, building alignment within territory teams within the region and across regions.
Provides input and feedback on performance for Underwriters and Managers within the specified line of business.
May perform other responsibilities as assigned.
Reporting Relationships Reports to Associate Vice President/Director. No direct or indirect reports.
Typical Skills and Experiences Education : Undergraduate studies in finance, accounting, economics, and/or risk management.
License/Certification/Designation : CPCU preferred.
Experience : Six years of related experience as a Casualty Underwriter preferred. Informal or formal leadership experience in casualty lines of business is preferred. Some experience in the technical aspects of data management, imaging and procedures and processes helpful.
Knowledge, Abilities, and Skills : In‑depth knowledge of excess casualty lines, underwriting policies, practices and procedures, underwriting marketing principles and techniques. In‑depth knowledge of financial analysis and statements, investments, market conditions, insurance, contract and business law, employment principles and practices. Excellent verbal and written communication skills, presentation skills, and advanced negotiation skills. Ability to coach, train and mentor managers and underwriting personnel. Strong analytical skills to evaluate complex insurance risks, policy language, commercial and alternative rating plans, and reinsurance. Proficiency with Microsoft Office Suite and other job‑related software.
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 Human Resources Business Partner.
Values Regularly and consistently demonstrates Nationwide Values.
Job Conditions Overtime Eligibility : Not Eligible (Exempt).
Working Conditions : Normal office environment.
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 We offer a comprehensive benefits package including medical, dental, and vision coverage; life insurance; short‑ and long‑term disability coverage; paid time off (including 18 days minimum for new hires, 9 paid holidays, 8 hours of Lifetime PTO, and 8 hours of Unity Day PTO); 401(k) with company match; a company‑paid pension plan; and business casual attire. Additional details are available upon request.
Equal Employment 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.
For New York residents, please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf.
Compensation Nationwide pays on a geographic‑specific salary structure and placement within the starting salary range for this position will be determined by multiple factors including skills, education, training, credentials, experience and market. The national salary range for Consultant Underwriter, Specialty Brokerage – Excess Casualty is $120,000.00–$224,000.00. The expected starting salary range is $120,000.00–$180,000.00.
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