Underwriter, Small Market Management Liability - E&S/ Specialty, Cyber & Technology E&O

Nationwide Mutual Insurance•Rockaway, NJ

1d•Hybrid

About The Position

This position is with Nationwide's Property and Casualty team, a Fortune 100 company. The role involves innovating and simplifying processes and operations to provide the best customer value, with a focus on delivering extraordinary care. The candidate should have interest and/or experience in Cyber/Technology E&O underwriting. The position operates on a hybrid schedule, with in-office days at E-Risk Services in Rockaway, New Jersey. 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. Under technical direction, the underwriter assesses a company's risk profile and determines/negotiates appropriate pricing, coverage, terms, and conditions by analyzing financial statements, operations, management, industry, viability, issues, governance, and regulatory environment. The underwriter achieves production and loss ratio goals within their assigned territory by reviewing and analyzing claims and loss history, taking appropriate action on individual accounts, and working independently to develop recommendations and apply judgment based on financial analysis. The role involves establishing and maintaining effective relationships with brokers to generate premium dollars profitably, with territory assignments being somewhat complex in nature concerning coverage and broker relationships. The underwriter may also assist with the research, development, and presentation of new programs, forms, and manuals.

Requirements

Undergraduate studies with focus in finance, accounting, economics, and/or risk management.
One or more years related experience as a D&O, EPL and/or E&O Underwriter preferred.
Previous business or finance experience helpful.
General knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
Knowledge of financial statements, financial analysis, investments, market conditions essential.
Ability to multi-task, communicate effectively, verbally, and in writing, interpersonally with individuals at various levels and groups via telephone, fax, e-mail and in person.
Demonstrates effective negotiation skills.
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, implements the most appropriate, and monitor its effectiveness.
Ability to make decisions with supervision.
Regularly and consistently demonstrates the Nationwide Values.

Nice To Haves

Degree preferred.
Interest and/or experience in Cyber/Technology E&O underwriting.

Responsibilities

Within established guidelines, analyze and review application, financial statements, company management, company prospects, industry prospects, legal structure and outstanding litigation.
Determine proper insurance program including layer attachment, terms, conditions, pricing and alternatively decline or non-renewal of coverage.
Service existing and/or new accounts, including quote letter, binders, policy & endorsement issuance.
Achieve production and loss ratio goals by analyzing premium and loss results for assigned territory by line of business through sound marketing.
Promote company products and programs.
Monitor industry trends to stay well-informed of new products, distribution systems, trends and competitor offerings.
With supervision, establish and maintain effective relationships with brokers in order to generate profitable premium dollars.
Accompany other underwriters to broker offices as required for marketing visits.
Meet brokers to market services and ensure strong relationship to write business.
May participate in underwriting meetings with brokers, clients and other underwriters.
May perform other responsibilities as assigned.