Nationwide

Nationwide

Specialist, Contract Underwriting - E&S/Specialty (Alternative Distribution)

Arizona - Scottsdale, 18700 North Hayden Road, United States of America

Sponsorship not specifiedDetected 6 hours ago
Business DevelopmentPipeline ManagementNegotiationAccountingResearchLeadershipCommunicationMentoringUnderwritingProperty & Casualty

About the role

  • At Nationwide®, "on your side" goes beyond just words.
  • 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.

Responsibilities

  • The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure and determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.
  • Places reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty semiautomatic and facultative reinsurance. Maintains good working relationship with reinsurers.
  • Proactively develops technical and business knowledge through internal and external venues
  • May perform other responsibilities as assigned.
  • This is a unique role within Contract Underwriting that is responsible for leveraging strong partner relationships, a solution-oriented mindset, and technical underwriting acumen to drive profitable growth across the Alternative Distribution portfolio.
  • In this role, you will partner with Contract Underwriting appointed Wholesale Managing General Agents to vet, operationalize, manage, and grow new and existing alternatively distributed products.
  • You'll be responsible for vetting, developing, and actively managing these solutions and collaborating with partners to analyze, develop, implement, and refine underwriting guidelines and pricing as appropriate.
  • You will manage the P&L of each individual solution and handle individual account underwriting for referral business that falls outside prescribed authority.
  • You will also provide operational support and oversight to ensure non-API supported solutions such as bordereaux-managed business is captured and ingested appropriately as well as ensuring the risks within the greater portfolio fall within prescribed authority, mix of business targets, and other predefined underwriting parameters.
  • In order to be successful in this role, you will need to build and maintain effective relationships with internal business liaisons as well as external partners.

Requirements

  • Travel out of state as required several times a year.
  • In-town entertaining required as necessary after 5:00 P.M.
  • Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in person.
  • Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance.
  • Follows up on outstanding information as required.
  • Travels to agency offices as required for audits, training or marketing visits.
  • Entertains agents visiting the Company as required.
  • Development and implementation of specific action plans may be required

Nice to have

  • Bachelor's degree in Finance, Accounting, Economics, Risk Management, or related field preferred.
  • Approximately 6+ years of experience in specialty, program, or contract underwriting.
  • Knowledge of reinsurance principles and placement strategies preferred.
  • Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
  • Six years related experience or five years as an underwriter, excess & surplus lines preferred.
  • Undergraduate degree preferred.
  • License/Certification/Designation: Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Skills

  • Education: Undergraduate degree preferred.
  • Equivalent work experience will be considered in lieu of a degree.
  • Demonstrates advanced negotiation skills.
  • Ability to work with the wholesale/general agency distribution system.
  • Ability to use/learn job related computer software.
  • Ability to make decisions with minimal supervision.
  • Other criteria, including leadership skills, competencies and experiences may take precedence.
  • Values: Regularly and consistently demonstrates Nationwide Values.

Compensation

  • 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!
  • Participate in and support bi-annual underwriting audits as needed to ensure guideline adherence; provide detailed analysis and recommendations based on findings.

Benefits

  • Works with more complex issues concerning coverage, programs, agents and program managers.

Company info

  • 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.

Visa & Work Authorization

  • This role does not qualify for employer-sponsored work authorization.
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