Nationwide
Location
Parsippany, NJ | United States
Job description
If you're passionate about helping people protect what matters most to them, 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!
The Cyber/Technology E&O Product Management Underwriter will work under the direction of the current team's underwriting director in order to ensure that E-Risk's cyber/technology E&O product offerings are up to market standard in order to best serve our wholesaler brokerage partners and policyholders. This role will help support the initiative of world-class underwriting of this specialty product line.
Hybrid model preferred (with in-office days in Flanders, NJ location) . Remote opportunity may be possible for right candidate.
Key Responsibilities:
License/Certification/Designation:
· Cyber and technology E&O insurance, Professional Liability Insurance, or Cyber/Privacy certifications/designations are preferred, but not required (e.g. Registered Professional Liability Underwriter (RPLU), Cyber Professional Liability Practitioner (CPLP), and Certified Information Privacy Professional, United States (CIPP/US)
Experience:
· At least 8 years' experience as a cyber and technology E&O insurance underwriter, cyber and technology E&O insurance claims handler, cyber breach incident responder, cyber security services sales/business development, cyber and technology E&O insurance broker, or similar related job experience
Knowledge, Abilities and Skills:
· Modern and specialized knowledge of cyber and technology E&O insurance and cyber security
· Ability to properly draft and publish insurance policy language
· Ability clearly and effectively communicate with cyber and technology E&O insurance underwriters, cyber and technology E&O insurance brokers, and cyber security professionals
· Public speaking/presentation skills
#LI-AS1
#LI-remote
HSD160 (internal use)
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
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 brokers to understand business needs and to identify new business opportunities.
Maintains composition of designated book of business to achieve favorable results. Monitors performance and provides report card on regional results. Takes action based on results as needed.
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, EPL, Cyber and/or E&O Underwriter 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. 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 broker distribution system. Ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies. 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 must be approved by the hiring manager's leader and HR Business Partner.
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 people assigned to the job to perform a somewhat different combination of duties. We currently anticipate accepting applications until 04/11/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.Benefits
We have an array of benefits to fit your needs, including: 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, and more. To learn more about the benefits we offer, click here .
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.
This position could be filled within any of the lower 48 U.S. states. Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247. For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. The national salary range for Sr Consultant, Small Market Management Liability Underwriting - E&S/Specialty : $118,000.00-$227,000.00 The expected starting salary range for Sr Consultant, Small Market Management Liability Underwriting - E&S/Specialty : $128,000.00 - $192,000.00Job tags
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