Senior Underwriter (Underwriting Specialist) - P&C Excess
About The Position
The Senior Underwriter (Underwriting Specialist) in Contract Underwriting for Property and Casualty Excess & Surplus/Specialty evaluates complex technical risks and determines acceptability, pricing, coverage, terms, and conditions. The role supports production, profitability, and loss-ratio objectives for assigned agents, programs, and territories, and exercises a high level of independent judgment and authority. It also involves determining appropriate reinsurance placement, maintaining relationships with general agents and reinsurers, and contributing to product and form development and the training and mentoring of underwriting colleagues. The position works with complex or service-sensitive new and renewal accounts, monitors agency and portfolio results, and develops corrective action plans when appropriate. It includes marketing Nationwide products, supporting agents’ business development, and providing technical assistance. The role reports to the Department Manager and is available within any of the lower 48 U.S. states. The work is performed in a normal office environment, with out-of-state travel several times a year and in-town entertaining as necessary after 5:00 p.m.
Requirements
- Six years of related experience or five years of experience as an underwriter; excess and surplus lines experience is preferred.
- Knowledge of underwriting policies, practices, and procedures; insurance law; underwriting marketing principles and techniques; rating plans; treaty and facultative reinsurance; general agency systems; regulatory issues; market conditions; and company operations.
- Ability to communicate effectively orally and in writing, and to interact with individuals and groups by telephone, fax, email, and in person.
- Advanced negotiation skills.
- Ability to manage assigned lines of business, potentially including monitoring aggregates.
- Ability to work with wholesale and general agency distribution systems.
- Ability to analyze insurance risks for acceptability, including policy language, commercial rating plans and methodologies, and reinsurance.
- Ability to use or learn job-related computer software.
- Ability to devise business solutions, implement appropriate solutions, and monitor effectiveness.
- Ability to make decisions with minimal supervision.
- Regularly and consistently demonstrate Nationwide Values.
Nice To Haves
- Undergraduate degree; equivalent work experience may be considered in lieu of a degree.
- Completion of general insurance courses or designations such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI.
- Excess and surplus lines experience.
Responsibilities
- Review risks submitted by assigned agents or programs and accept or decline business based on the available information.
- Analyze exposures, determine adequate premiums, and select endorsements and exclusions to address loss exposures.
- Place reinsurance for accounts within department guidelines, using applicable treaty, semiautomatic, and facultative facilities; maintain relationships with reinsurers.
- Manage territory production, profitability, service, and loss-ratio objectives through underwriting, marketing, and sound territory management.
- Quote, price, and underwrite new and renewal policies and endorsements, primarily for complex or service-sensitive accounts.
- Monitor risk selection and pricing across agency books and individual accounts; analyze premium and loss results by agency, state, business class, and program.
- Assess submission quality, recommend corrective actions, and develop or implement action plans as needed.
- Handle policy maintenance and mid-term requests, process endorsements, review loss-control reports, follow up on outstanding information, and review claim activity and take appropriate action.
- Review agency books of business and results or trends, and recommend and implement action plans where appropriate.
- Build and maintain relationships with general agents through regular contact, resolving conflicts, and traveling to agency offices for audits, training, or marketing visits as required.
- Assist with marketing ideas and strategies for underwriting seminars and other campaigns; market Nationwide products and services to support agency and company results.
- Help agencies manage pipelines, develop producers, and generate business in targeted industries and preferred markets; assess accounts and develop business propositions.
- Assist with program, form, and rate research and development, and provide technical assistance to agents, Underwriting Assistants, and other Underwriters.
- Develop technical and business knowledge through internal and external learning opportunities.
- Assist with training and mentoring Underwriters and Underwriting Assistants.
- Perform other responsibilities as assigned.
Benefits
- Medical, dental, and vision coverage
- 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
