P&C Underwriter - Contract Underwriting (Excess & Surplus)

Nationwide•Scottsdale, AZ

2d•$54,000 - $100,500•Remote

About The Position

This role is with Nationwide's Property and Casualty team, a Fortune 100 company with nearly $70 billion in annual sales. The company focuses on helping people protect what matters most and innovating processes to provide the best customer value. The Excess & Surplus/Specialty (E&S/S) lines allow the company to provide insurance that other carriers may not offer. This is a fast-paced, collaborative, team-oriented culture in an always-changing, growing industry. The role requires a critical thinker who can analyze complex risk, find insurance solutions balancing customer needs with business goals, take initiative, use analytical and creative abilities to make sound decisions, and help people solve real challenges.

Requirements

Three years related experience or prior experience as an underwriter, excess & surplus lines preferred.
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 person.
Demonstrates advanced negotiation skills.
Ability to manage the assigned line or lines of business, which may include monitoring of aggregates.
Ability to work with the wholesale/general agency distribution system.
Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance.
Ability to use/learn job related computer software.
Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness.
Ability to make decisions with minimal supervision.
Regularly and consistently demonstrates Nationwide Values.

Nice To Haves

Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Responsibilities

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.
Achieve 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.
Drive profit and premium to meet financial goals and objectives through developing, negotiating and implementing business plans.
Review 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.
Analyze exposures to loss, develop an adequate premium charge for the exposure, determine appropriate endorsements and exclusions to address loss exposures for the insurance contract.
Achieve team /individual production and loss ratio goals through sound broker management, territory management and marketing, with or without assigned territory.
Make corrective action recommendations on individual risks.
Handle policy maintenance items and other mid-term requests.
Review endorsement requests and processes necessary changes to the policy.
Review loss control reports and make recommendations to UW leader.
Follow up on outstanding information as required.
Achieve production, profitability and service objectives.
Quote, price and underwrite new and renewal policies and endorsements, primarily for complex or service sensitive accounts.
Monitor risk selection and pricing decisions for entire agency plant, both on a book of business and individual account level basis.
Continually analyze premium and loss results in their territory by agency, broker, state, major class of business and by program.
Audit individual policies for compliance with company guidelines.
Development and implementation of specific action plans may be required.
Foster positive business relationships with agents and brokers through daily contact with assigned agents by developing and maintaining good rapport and resolving agency conflicts.
Travel to agency offices as required for audits, training or marketing visits.
Entertain agents visiting the company as required.
Assist with development of marketing ideas and strategies for underwriting seminars and other marketing campaigns.
Strengthen internal and external relationships through regular contact on underwriting matters, promoting profit and new business growth, renewal retention and service capabilities.
Proactively develop technical and business knowledge through internal and external venues.
Market Nationwide products and services to help drive agency and company results, including all enterprise products that may enhance offerings.
Assist agency with strategies for pipeline management, producer development and to develop new business in targeted industries and preferred markets.
Respond effectively to assess accounts and develop business propositions that win the business.
May perform other responsibilities as assigned.