Specialist, Contract Underwriting - E&S/Specialty (Alternative Distribution)

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Additional Information

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. This is a unique role within Contract Underwriting that is responsible for leveraging strong partner relationships, a solution-oriented mindset, and technical underwriting acumen to drive profitable growth across the Alternative Distribution portfolio. In this role, you will partner with Contract Underwriting appointed Wholesale Managing General Agents to vet, operationalize, manage, and grow new and existing alternatively distributed products. Alternative Distribution refers to business that is solicited through wholesale binding distribution and generally falls within Contract Underwriting appetite but is transacted via non-traditional channels, i.e. digital storefronts and non-API supported placement (i.e. bordereaux). You'll be responsible for vetting, developing, and actively managing these solutions and collaborating with partners to analyze, develop, implement, and refine underwriting guidelines and pricing as appropriate. You will manage the P&L of each individual solution and handle individual account underwriting for referral business that falls outside prescribed authority. You will also provide operational support and oversight to ensure non-API supported solutions such as bordereaux-managed business is captured and ingested appropriately as well as ensuring the risks within the greater portfolio fall within prescribed authority, mix of business targets, and other predefined underwriting parameters. In order to be successful in this role, you will need to build and maintain effective relationships with internal business liaisons as well as external partners. Additional expectations associated with this role: Portfolio & Profitability Management: Monitor program and portfolio performance, including profitability, growth, and loss trends; develop and implement corrective action plans as needed. Analyze results across programs, classes of business, and geographies to optimize underwriting strategy. Participate in and support bi-annual underwriting audits as needed to ensure guideline adherence; provide detailed analysis and recommendations based on findings. Produce and deliver monthly and ad hoc performance reports to underwriting leadership and other internal/external stakeholders. Product Development & Strategy: Conduct research, development, and implementation of new and existing solutions, including underwriting guidelines, forms and rate structures. Collaborate with external partners as well as internal business liaisons to design and deploy product-specific tools and enhancements. Recommend and implement updates to underwriting guidelines based on product performance, market trends and emerging risks. Identify and capitalize on new business opportunities through market analysis and strategic insight. Relationship Management & Business Development: Establish and maintain strong relationships with wholesale managing general agents and internal stakeholders to drive profitable growth. Serve as a trusted advisor and technical underwriting resource to partners, resolving complex issues and supporting deal execution. Conduct regular communication with partners to assess market conditions, profitability, and pipeline opportunities. Travel as needed for agency visits, audits, marketing meetings, and relationship-building activities. Represent the organization at industry events and contribute to marketing initiatives that promote underwriting capabilities and generate new business opportunities. Ideal Candidate Will Possess: Bachelor's degree in Finance, Accounting, Economics, Risk Management, or related field preferred. Approximately 6+ years of experience in specialty, program, or contract underwriting. Strong understanding of underwriting guidelines, insurance law, contract structures, and coverage design. Knowledge of reinsurance principles and placement strategies preferred. *This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program* #LI-CL1 #LI-Remote 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 hear from you! Our Excess & Surplus/Specialty (E&S/S) lines allow us to provide insurance that other carriers may not offer.