Underwriter, Brokerage Casualty E&S/S

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Job Description Summary

Are you a critical thinker who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to hear from you!

Our Excess & Surplus/Specialty (E&S/S) lines allow us to provide insurance that other carriers may not offer. It’s a fast-paced environment in a collaborative, team-oriented culture, working in an always-changing, growing industry.

As an Underwriter in Brokerage Casualty, you determine individual risk acceptability, pricing, coverage, terms and conditions by developing, analyzing and evaluating information and exposures on risks of basic technical complexity for the Primary Casualty line of business. In addition, you achieve production and loss ratio goals by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts. It’s important to know about reinsurance placement requirements, if any, on individual accounts. We count on you to foster positive business relationships with agents and reinsurers. As you gain experience, you will receive underwriting authority.

Job Description

Key Responsibilities: 

• In partnership with underwriting (UW) leader / team member, reviews individual risks from brokers and either declines or accepts business based upon information necessary to make the decision. Analyze exposures to loss, develop an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.

• Achieves team/individual production and loss ratio goals through sound broker management and marketing. Makes corrective action recommendations on individual risks.

• In partnership with UW leader / team member, handles policy maintenance items and other mid-term requests.  Reviews endorsement requests and processes necessary changes to the policy.  Reviews loss control reports and makes recommendations to UW leader. Follows up on outstanding information as required.

• Fosters positive business relationships with brokers, through frequent contact. Develops and maintains good rapport and resolves broker conflicts.  In partnership with UW leader / team member, may travel to broker offices as required for training or marketing visits. Entertains brokers visiting the Company as required.

• Proactively develops technical and business knowledge through internal and external venues.

May perform other responsibilities as assigned.

Reporting Relationships:  Reports to Underwriting Manager. No direct reports.  Indirect reports not typically assigned.

Typical Skills and Experiences: 

Education:  Undergraduate studies preferred and/or equivalent work experience.

License/Certification/Designation:  Completion of general insurance courses such as IIA 21, 22, 23, CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Experience:  Four years related experience or prior experience as an underwriting assistant or rater is preferred.

Knowledge, Abilities and Skills:  Knowledge of business and insurance concepts. Ability to communicate effectively, verbally, and in writing, inter personally with internal and external individuals and groups via telephone, video conference, fax, e-mail and in person. 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.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values:  Regularly and consistently demonstrates the Nationwide Values.

Job Conditions: 

Overtime Eligibility:  Exempt (Not Eligible)  

Working Conditions:  Normal office environment. Limited travel out of state may be required.  In-town entertaining required as necessary after normal business hours.

ADA:  The above statements cover what are generally believed to be principal and essential functions of this job.  Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties. 

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

NOTE TO EMPLOYMENT AGENCIES:

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.

The national salary range for Underwriter, Brokerage Casualty - E&S/Specialty : $54,000.00-$100,500.00

The expected starting salary range for Underwriter, Brokerage Casualty - E&S/Specialty : $54,000.00 - $81,000.00