[Hiring] Specialist, Brokerage Casualty Underwriting @Nationwide

Role Description

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.

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!

As an Underwriting Specialist in Brokerage Casualty you determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Primary Casualty line of business. In addition, you’ll achieve production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts.

Key Responsibilities:

• In partnership with Consultant/Manager researches market trends, competition and market viability.
• Develops an active working partnership with Actuarial, Finance and Claims as appropriate.
• Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision.
• Analyzes exposures to loss, develops an adequate premium charge for the exposure, and determines appropriate endorsements and exclusions.
• Places reinsurance, if any, for the account within department guidelines.
• Achieves team/individual production and loss ratio goals with assigned brokers through sound management and marketing.
• 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 the broker and/or changes to the policy.
• Follows up on outstanding information as required.
• Reviews claim activity and takes appropriate action.
• Maintains good working relationship with re-insurers.
• Fosters positive business relationships with brokers through frequent contact.
• Develops and maintains good rapport and resolves broker conflicts.
• Travels to broker offices as required for training or marketing visits.
• Proactively develops technical and business knowledge through internal and external venues.
• May perform other responsibilities as assigned.

Qualifications

• Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
• Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
• Five years as a CL underwriter, excess & surplus lines experience preferred.

Requirements

• Knowledge of CL underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
• Knowledge of Rating plans and plan concepts.
• Knowledge of Treaty & Cultivate reinsurance concepts.
• Knowledge of the wholesale broker system and company operations.
• Knowledge of regulatory issues, the general agency system, market conditions and company operations.
• Ability to communicate effectively, verbally, and in writing, inter personally with individuals and groups via telephone, video conference, fax, e-mail and in person.
• Demonstrates negotiation skills.
• Ability to manage the assigned line or lines of business, which may include monitoring of aggregates.
• 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, implement the most appropriate, and monitor its effectiveness.
• Ability to make decisions with minimal supervision.

Benefits

• 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.