[Hiring] Specialist, Contract Underwriting - E&S/Specialty @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.

• Underwrites non-admitted and specialty risks that require advanced analysis, creative problem solving, and customized coverage solutions.
• Evaluates complex, hard-to-place risks across targeted E&S classes while maintaining adherence to underwriting authority and profitability objectives.

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 Underwriting Specialist in Contract 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 assigned line of business. In addition, you’ll achieve production and loss ratio goals with assigned general agents or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts.

• Reviews individual risks with assigned agents or programs within assigned territory and either declines or accepts business based upon information necessary to make the decision.
• Achieves individual production and loss ratio goals within assigned territory through sound territory management and marketing.
• Quotes, prices and underwrites new and renewal policies and endorsements, primarily for complex or service sensitive accounts.
• Monitors risk selection and pricing decisions for assigned agency portfolio or book of business.
• Handles policy maintenance items and other mid-term requests.
• Fosters positive business relationships with general agents through daily contact.
• Markets Nationwide products and services to help drive agency and company results.
• Other responsibilities as assigned may include program research and development, form development, rate development, technical assistance to Agents, Underwriting Assistants, and other Underwriters.

Qualifications

• Minimum 5 years of underwriting experience with demonstrated expertise in E&S and specialty lines underwriting preferred.
• Property & GL experience preferred.
• Strong analytical and risk assessment capabilities.
• Knowledge of E&S market dynamics and non-admitted regulations.
• Ability to negotiate terms, conditions, and pricing with brokers and agents.
• Experience managing agency relationships and territory performance.
• Ability to balance growth and profitability objectives.

Requirements

• 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.
• Six years related experience or five years as an underwriter, excess & surplus lines preferred.
• Knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
• Ability to communicate effectively, orally, and in writing.
• Demonstrates advanced negotiation skills.
• Ability to analyze insurance risks to determine acceptability.
• Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness.

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.