Director, Brokerage Excess Underwriting - E&S/Specialty

Nationwide•Dartmouth, MA

About The Position

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. Ideal candidate will be located in the Chicago area or broader Illinois/Great Lakes region. Brokerage Excess experience needed; existing broker relationships strongly preferred. #LI-AS1 #LI-remote Job Description Summary Are you a leader who can create, develop and manage a strategy and plan that meets customer service and business goals? If you are driven to achieve top financial goals by managing the insurance underwriting business for a territory or region and seeking opportunities to build and grow business, 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 a Director, Brokerage Excess, you will be responsible for the operating results of the assigned territory or region for the Excess Casualty line of business. This includes responsibility for monitoring all aspects of financial management of the assigned territory or region, influencing and managing relationships with brokers, program managers, and other producer channels, including exploring opportunities to drive more business. In this role, it’s essential to monitor trends and manage product issues within the territory or region for all assigned products. You will have the opportunities to participate in the development or revision of territorial or regional strategic plans and objectives. We will also count on you to contribute to the development of territory or region business strategy, execution of the business plan and attainment of goals and financial metrics as outlined in the business plan.

Requirements

Undergraduate studies in a related discipline, or equivalent.
Bachelor’s degree preferred.
Eight years underwriting experience, handling large or complex programs and accounts preferred.
Knowledge of Excess & Surplus lines underwriting policies, practices and procedures, standard and alternative Rating plans and plan concepts, treaty & facultative reinsurance, regulatory issues, the general agency system, marketing principles and company operations.
Ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance.
Ability to communicate effectively, verbally, and in writing, inter personally with individuals and groups via telephone, fax, e-mail and in person.
Ability to work with the wholesale/general agency distribution system.
Ability to analyze complex problems and develop innovative creative solutions.
Exceptional negotiation and communication skills and techniques.
Ability to set work priorities that strategically align with departmental objectives.
Ability to use/learn job related computer software.

Nice To Haves

Chartered Property Casualty Underwriter (CPCU) designation preferred.
Excess & Surplus lines experience preferred.
existing broker relationships strongly preferred.

Responsibilities

Risk Selection: proactively identify new market opportunities and help to drive through cross-functional product development processes. Participate in developing appetite guidelines for assigned territory and guidelines that apply to various risks. Proficiently write the most complex accounts independently. Granted expanded Letter of Authority.
Technical Underwriting: analyze exposure to loss, develop adequate premium, determine appropriate endorsements and exclusions. Proficient in policy terms/conditions, ability to manuscript coverage forms and understand the implications this will have on claims. Comprehensive understanding of catastrophe modeling. Mentor others with common and complex coverage forms. Analyze and interpret forms/coverages from other carriers and make appropriate recommendations to leader. Participate in research initiatives to enhance Technical Underwriting knowledge of the department. Analyze accounts to make independent recommendations to higher-level underwriters or managers (90% referrals approved as presented). Participate in helping to conduct Quality Control audits.
Broker Relations: Foster positive business relationships with brokers by maintaining frequent broker contact and developing rapport with brokers. Resolve broker conflicts without management or higher-level underwriter support. Provide recommendations to underwriting leadership regarding broker management. Provide support to others with sales and negotiation. Mentor others on developing and maintaining relationships with brokers.
Marketing: Independently conduct marketing visits. Drive broker conversations around Brokerage’s appetite, market/competitor conditions, and broker performance. Effectively relay marketing visit outcomes to manager and team and provides recommendations. Mentor others on concepts and skills for successful marketing visits. Take more-junior underwriters along for marketing visits and provides feedback to manager. Identify need for and help coordinate in-market receptions.
Territory Management: Analyze premium and losses of assigned brokers. Assess quality of broker submissions. Proactively take steps to maintain the book of business (rate, losses, coverage, appetite, etc.) within assigned territory. Examine and understand the underlying factors that are driving trends within the territory and broker performance. Identify the need for and drive broker management conversations (in conjunction with leaders). Recommend solutions to territory management issues. Provide feedback to management regarding strengths and opportunities around team performance.
Team Development: Find opportunities to develop the skills of others within the division. Demonstrate leadership qualities by consistently showing positive impact on and offering constructive feedback to team members. Act as substitute in lieu of manager for meetings or other ad hoc responsibilities. Contribute to higher-impact projects and initiatives throughout organization.
Production: Handle submissions of appropriate volume and efficiency, achieve premium and loss ratio goal. Help others on the team to meet their individual production goals.
May perform other responsibilities as assigned.

Benefits

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