Sr. Underwriter, Brokerage Casualty Excess & Surplus/Specialty
About The Position
Nationwide is hiring a Senior Underwriter for its Brokerage Casualty team, supporting the Primary Casualty line of business within Excess & Surplus/Specialty. The role evaluates risks of moderate technical complexity and determines individual risk acceptability, pricing, coverage, terms, and conditions. The underwriter analyzes exposure and risk information, claims and loss history, and policy needs to meet production and loss-ratio goals for assigned brokers and program managers. Within defined parameters, the position may also determine and arrange reinsurance for individual risks. The role works in a collaborative, fast-paced, and changing insurance environment. It involves maintaining positive relationships with brokers and reinsurers, supporting marketing activities, and developing technical and business knowledge. The position reports to an Underwriting Manager and has no direct reports. It is described as operating in a normal office environment, with limited out-of-state travel and in-town broker entertaining as needed after normal business hours. The posting indicates that the position could be filled within any of the lower 48 U.S. states.
Requirements
- Four years of related experience or two years of experience as an underwriter.
- Knowledge of underwriting policies, practices, and procedures; insurance law; and underwriting marketing principles and techniques.
- Knowledge of rating plans and concepts, reinsurance concepts, the general agency system, and company operations.
- Ability to communicate effectively verbally and in writing with internal and external individuals and groups, including by telephone, video conference, fax, email, and in person.
- Ability to analyze insurance risks and determine acceptability, including using policy language, commercial rating plans and methodologies, and reinsurance.
- Ability to use or learn job-related computer software.
- Regularly and consistently demonstrate Nationwide Values.
Nice To Haves
- Undergraduate studies or equivalent work experience.
- Prior experience in excess and surplus lines underwriting.
- Completion of general insurance courses or designations such as IIA 21, 22, or 23; CPCU; CIC; AU; ARM; CPIW; CWIS; or ASLI.
Responsibilities
- Review individual risks with assigned brokers and accept or decline business based on the available information.
- Analyze exposure to loss, establish an adequate premium, and select appropriate endorsements and exclusions for insurance contracts.
- Achieve team and individual production and loss-ratio goals through broker management and marketing.
- Analyze premium and loss results by broker, state, and major class of business; assess submission quality and recommend corrective actions.
- Handle policy maintenance and mid-term requests, review endorsement requests, and process policy changes.
- Review loss-control reports and claims activity, recommend actions to brokers, and make policy changes as appropriate.
- Follow up on outstanding information as required.
- Within defined parameters, place reinsurance in accordance with department guidelines and maintain working relationships with reinsurers.
- Maintain frequent contact with brokers, build rapport, resolve conflicts, and travel to broker offices for training or marketing visits as required.
- Entertain visiting brokers as required and assist in developing marketing ideas and strategies for underwriting events and campaigns.
- Develop technical and business knowledge through internal and external learning opportunities.
- Perform other responsibilities as assigned.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Short- and long-term disability coverage
- Paid time off, with newly hired associates receiving a minimum of 18 days per full calendar year, prorated quarterly based on hire date
- Nine paid holidays
- Eight hours of Lifetime paid time off
- Eight hours of Unity Day paid time off
- 401(k) with company match
- Company-paid pension plan
- Business casual attire
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
