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 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. It’s a fast-paced environment in a collaborative, team-oriented culture, working in an always-changing, growing industry.
As an Underwriter, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of basic technical complexity and with limited authority. You will be responsible for achieving production and loss ratio goals with or without an assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts and/or program or territory. We'll count on you to drive profit and premium to meet financial goals and objectives through developing, negotiating and implementing business plans. Your knowledge of reinsurance placement requirements, if any, on individual accounts, is important and valued. You will have opportunities to foster positive business relationships with agents and reinsurers.
Job Description Key Responsibilities
- In partnership with underwriting (UW) leader / team member, reviews individual risks from agents or brokers or programs with or without assigned territory, from agents, brokers or program managers and either declines or accepts business based upon information necessary to make the decision.
- Analyzes exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.
- Achieves team /individual production and loss ratio goals through sound broker management, territory management and marketing, with or without assigned territory.
- Makes corrective action recommendations on individual risks.
- In partnership with UW leader / team member, handles policy maintenance items and other mid-term requests.
- Reviews endorsement requests and processes necessary changes to the policy.
- Reviews loss control reports and makes recommendations to UW leader.
- Follows up on outstanding information as required.
- Achieves production, profitability and service objectives.
- Quotes, prices and underwrites new and renewal policies and endorsements, primarily for complex or service sensitive accounts.
- Monitors risk selection and pricing decisions for entire agency plant, both on a book of business and individual account level basis.
- Continually analyzes premium and loss results in their territory by agency, broker, state, major class of business and by program.
- Audits individual policies for compliance with company guidelines.
- Development and implementation of specific action plans may be required.
- Handles policy maintenance items and other mid-term requests.
- Reviews endorsement requests and processes necessary changes to the policy.
- Reviews loss control reports and makes recommendations to the agent and/or changes to the policy.
- Follows up on outstanding information as required.
- Reviews claim activity and takes appropriate action.
- Fosters positive business relationships with agents and brokers through daily contact with assigned agents by developing and maintaining good rapport and resolving agency conflicts.
- Travels to agency offices as required for audits, training or marketing visits.
- Entertains agents visiting the company as required.
- Assists with development of marketing ideas and strategies for underwriting seminars and other marketing campaigns.
- Strengthens internal and external relationships through regular contact on underwriting matters, promoting profit and new business growth, renewal retention and service capabilities.
- Proactively develops technical and business knowledge through internal and external venues.
- Markets Nationwide products and services to help drive agency and company results, including all enterprise products that may enhance offerings.
- Assists agency with strategies for pipeline management, producer development and to develop new business in targeted industries and preferred markets.
- Responds effectively to assess accounts and develop business propositions that win the business.
- May perform other responsibilities as assigned
Reporting Relationships
- Reports to Underwriting Manager.
Typical Skills and Experiences
- Education: Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
- License/Certification/Designation: Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
- Experience: Three years related experience or prior experience as an underwriter, excess & surplus lines preferred.
Knowledge, Abilities and Skills
- Knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques, rating plans and plan concepts, Treaty & Facultative reinsurance concepts, general agency system and company operations, regulatory issues, the general agency system, market conditions and company operations.
- Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in