Sr Consultant, Brokerage Management Liability Underwriting - E&S/Specialty

Compensation Grade (for internal use only): H.SD150

Job Description Summary

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 know more about you!

Top level individual contributor subject matter expert within the business unit. Responsible for setting, monitoring, achieving, and measuring the established goals for specific region or channel. Develops and implements region's or channel's strategic plans and objectives. Analyzes, develops, and monitors expense budget. Monitors and approves the preparation of rates and forms filings and authorizes the use of such rates and forms. Influences relationships with general agents, brokers, and other customers. Approves accounts, which exceed underwriting staff authority either due to level of complexity, premium, class of business or coverage provided. Accountable for underwriting guidelines, rates, forms and procedures across regions or within territory.

Job Description

Location: Scottsdale-Freedom Specialty

Key Responsibilities:

• Develops and implements strategic underwriting plans for specific line of business. Provides business forecasting related to trends, and profitability within region/channel.

• Directs the general agency, brokerage relationships/results, and recommends corrective action if necessary. Understands business needs and to identify new business opportunities.

• Directs the general agency, brokerage relationships/results, and recommends corrective action if necessary. Conducts regular visits with general agents/brokerage to understand business needs and to identify new business opportunities.

• Administers 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 good working relationship with re-insurers.

• Maintains composition of designated book of business to achieve favorable results. Monitors performance and provides report card on regional/channel results. Takes action based on results as needed.

• Administers 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 good working relationship with re-insurers.

• Interacts with all departments of the company to achieve company goals and objectives.

• Communicates regional and/or brokerage initiatives and goals. Builds alignment within territory teams within the region and across the regions.

• Provides input and feedback on performance for Underwriters and Managers within specified lone of business.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Director/AVP

Typical Skills and Experiences:

Education: Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management. Master’s level degree preferred.

Experience: Eight years related experience as a D&O and/or E&O Underwriter preferred. Leadership experience in the D&O 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 lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. In-depth knowledge of financial documents, financial analysis, investments, market conditions essential. Legal knowledge related to insurance, contract and business law preferred. Knowledge of employment principles and practices. Excellent verbal and written communication skills to communicate with individuals and groups via telephone, fax, e-mail and in person. Proven ability to supervise, train, motivate employees and set work priorities in all aspects of multi-line underwriting support and rating. Demonstrates advanced negotiation skills. Ability to work with the wholesale/general agency/brokerage distribution system. Ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies, reinsurance. Ability to apply/learn job related software. Ability to devise business solutions to complex problems, implement the most appropriate and monitor effectiveness. Ability to make decisions on highly complex issues and work with minimal direction. Ability to coach, train and mentor managers and underwriting personnel within specified line of business. Ability to analyze and interpret mathematical, statistical and logical data and evaluate its reliability and significance.

Other criteria, including leadership skills, competencies and experiences may take precedence. 

Staffing Exceptions to the above minimum job requirements must be approved by the: hiring manager’s leader and HRBP.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Ability to travel locally and overnight for client meetings as needed.

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 associates assigned to the job to perform a somewhat different combination of duties.