Sr Underwriter - Brokerage Management Liability - Public D&O

Nationwide•New York, NY

3d•$76,000 - $114,000•Hybrid

About The Position

The Senior Underwriter assesses and evaluates complex Directors & Officers (D&O) risks, using financial documents and information about a company’s operations, management, industry, viability, governance, regulatory environment, and experience. The role determines and negotiates pricing, coverage, terms, and conditions; analyzes exposures and premium adequacy; selects appropriate endorsements and exclusions; and places reinsurance according to department guidelines. The underwriter works with limited direct supervision to meet territory production and loss-ratio goals, build broker relationships, and serve as the main point of contact for brokers in the assigned territory. The position handles complex policy maintenance and mid-term requests, monitors claims and territory results, and participates in meetings with brokers, clients, and other underwriters. It also mentors lower-level underwriters and may contribute to program, form, and rate development and other special projects. This is a hybrid position in New York City, typically requiring two days per week in the office. The role is based in a normal office environment and may require local and overnight travel for client meetings and broker marketing visits. The position is exempt and not eligible for overtime. It does not qualify for employer-sponsored work authorization, and Nationwide does not participate in the STEM OPT Extension program.

Requirements

Typically at least two years of related experience as a D&O and/or E&O underwriter.
Undergraduate studies focused on finance, accounting, economics, and/or risk management.
Knowledge of underwriting policies, practices, and procedures; insurance law; and underwriting marketing principles and techniques.
Knowledge of financial documents, financial analysis, investments, and market conditions.
Ability to communicate complex underwriting concepts effectively, verbally and in writing, and to communicate with people at various levels and in groups.
Advanced negotiation skills.
Ability to analyze insurance risks for acceptability, including policy language, commercial rating plans and methodologies, and reinsurance.
Knowledge of related computer software.
Ability to devise business solutions, implement appropriate solutions, and monitor their effectiveness.
Ability to make decisions with minimal direct supervision.
Ability to travel locally and overnight for client meetings as needed.

Nice To Haves

Postgraduate-level studies preferred.
Legal knowledge related to insurance, contract, and business law preferred.

Responsibilities

Assess company risk profiles and determine or negotiate appropriate pricing, coverage, terms, and conditions by analyzing company financial documents, operations, management, industry, and other relevant information.
Analyze exposures to loss, develop adequate premium charges, and determine appropriate policy endorsements and exclusions.
Place reinsurance for accounts in accordance with department guidelines and maintain effective working relationships with reinsurers.
Achieve team production and loss-ratio goals within the assigned territory through sound marketing.
Analyze premium and loss results by agency, state, major industry class, and line of business.
Handle complex policy maintenance and mid-term requests, review endorsement requests, process policy changes, and follow up for outstanding information.
Review claim activity and take appropriate action on individual accounts.
Establish and maintain effective broker relationships to generate premium and profitable business; serve as the main broker contact for the assigned territory.
Travel to broker offices for marketing visits and participate in broker meetings and client underwriting meetings.
Clarify and question information provided by clients, including CFOs and CEOs, to assess risks appropriately.
Mentor lower-level underwriters.
As assigned, assist with program, form, and rate development, special projects, and technical assistance to brokers, underwriting assistants, and other underwriters.

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