If you’re passionate about helping people protect what matters most to them, 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 are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.
Ideal candidate will have experience in E&S/S Excess Liability Construction underwriting, wraps a plus. Some travel expected in order to maintain and foster strong relationships.
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 a Senior Underwriting Consultant in Brokerage Excess, you will underwrite individual risks for acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of the most complex technical nature with the highest level of authority for the Excess Casualty line of business. In addition, you achieve production and loss ratio goals with assigned brokers and program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Broker assignments are the most complex in terms of coverage and broker relationships. You will exercise a high level of authority and judgment with minimal direction and be responsible for determining appropriate reinsurance placement if any on individual accounts. We will count on you to foster positive business relationships with co-workers, brokers, and reinsurers.
Key Responsibilities:
Researches and develops new classes of business as directed. Researches market trends and competition. Assesses market viability, creates forms & endorsements, and develops rates with actuarial support.
Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision.
Achieves team/individual production and loss ratio goals with assigned brokers through sound broker management and marketing.
Oversees or handles policy maintenance items and other mid-term requests. Reviews endorsement requests and authorizes necessary changes to the policy.
Fosters positive business relationships with brokers, through frequent contact.
Demonstrates a thorough understanding of facultative reinsurance and places reinsurance per department guidelines.
Responsible for the resolution of technical questions of the highest complexity.
Proactively develops technical and business knowledge through internal and external venues.
May perform other responsibilities as assigned.
Typical Skills and Experiences:
Education: Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
License/Certification/Designation: Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
Experience: Eight years CL underwriting experience handling large or complex accounts, excess & surplus lines experience preferred.
Knowledge, Abilities and Skills: Knowledge of complex CL underwriting policies, practices and procedures, insurance law and underwriting/marketing principles and techniques.
Job Conditions:
Overtime Eligibility: Exempt (Not Eligible)
Working Conditions: Normal office environment. Extended and non-standard work hours based on project and customer deliverable. Travel required.
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.
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