Sr. Underwriter, Brokerage Casualty Excess & Surplus/Specialty

Nationwide Mutual Insurance•Scottsdale, AZ

2d•Remote

About The Position

Nationwide is seeking a Senior Underwriter for its Brokerage Casualty team to assess individual risks for the Primary Casualty line of business. The role determines risk acceptability, pricing, coverage, terms, and conditions by developing, analyzing, and evaluating information and exposures on risks of moderate technical complexity. Excess & Surplus/Specialty underwriting experience is preferred. The underwriter works toward production and loss-ratio goals within assigned brokers and program managers by reviewing claims and loss history and taking appropriate action on accounts. Within defined parameters, the position may determine appropriate reinsurance placement. The role also develops positive business relationships with brokers and reinsurers and operates in a collaborative, fast-paced environment. The position reports to an Underwriting Manager and has no direct reports. It is based in a normal office environment, may be filled within any of the lower 48 U.S. states, and may require limited out-of-state travel. In-town entertaining may be required after normal business hours. The role is exempt from overtime eligibility.

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, general agency systems, 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 policy language, commercial rating plans and methodologies, and reinsurance.
Ability to use or learn job-related computer software.
Consistently demonstrate Nationwide Values.

Nice To Haves

Undergraduate studies or equivalent work experience.
Prior experience in Excess & 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 loss exposures, determine adequate premiums, and select endorsements and exclusions to address exposures in insurance contracts.
Achieve individual and team production and loss-ratio goals through broker management and marketing.
Analyze premium and loss results with assigned brokers by state and major class of business.
Assess the quality of broker submissions and recommend corrective action.
Handle policy maintenance and mid-term requests, including reviewing endorsement requests and processing policy changes.
Review loss-control reports and make recommendations to brokers and/or changes to policies.
Follow up on outstanding information as needed.
Review claim activity and take appropriate action.
Within defined parameters, place reinsurance according to department guidelines and the appropriate use of treaty, semiautomatic, and facultative reinsurance facilities.
Maintain productive working relationships with reinsurers.
Build positive business relationships with brokers through frequent contact, maintain rapport, and resolve conflicts.
Travel to broker offices as required for training or marketing visits and entertain brokers visiting the company as required.
Assist with developing marketing ideas and strategies for underwriting events and campaigns.
Develop technical and business knowledge through internal and external venues.
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.