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Nationwide · 2 days ago

Specialist Underwriter, Specialty Brokerage - Excess Casualty

New York, NY

Full-time

Hybrid

Mid, Senior Level

$96K/yr - $178K/yr

5+ years exp

Nationwide is a company dedicated to helping people protect what matters most to them. They are seeking a Specialist Underwriter in Specialty Brokerage - Excess Casualty who will work on underwriting National Account new and renewal excess general casualty business, managing relationships with brokers, and achieving production and loss ratio goals.

BankingFinancial ServicesInsuranceLife Insurance

Responsibilities

In partnership with Consultant/Manager researches market trends, competition and market viability as well as 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. The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract. Within department guidelines, places reinsurance, if any, for the account

Achieves team/individual production and loss ratio goals with assigned brokers through sound management and marketing. Works with more complex issues concerning coverage. The underwriter continually analyzes premium and loss results of assigned brokers by agency, state, major class of business, etc. Continually assess quality of broker submissions and makes corrective action recommendations

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

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 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. Entertains brokers visiting the Company as required. Assists with development of marketing ideas and strategies for underwriting events and other marketing campaigns

Proactively develops technical and business knowledge through internal and external venues

Qualification

Underwriting expertiseRisk analysisNegotiation skillsCPCU certificationCasualty lines experienceCommunication skillsTeam collaborationProblem-solving

Required

Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree

Five years as an Underwriter in Casualty and/or Specialty lines experience preferred

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

Preferred

Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred

Five years as an Underwriter in Casualty and/or Specialty lines experience preferred

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

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees