Specialist, Contract Underwriting - E&S/Specialty

$72,000 - $148,500/Yr

Nationwide

Full-time - Mid Level

Insurance Carriers and Related Activities

About the position

The Underwriting Specialist in Contract at Nationwide's Property and Casualty team is responsible for analyzing complex risks and providing insurance solutions that align with customer needs and business goals. This role involves determining risk acceptability, pricing, coverage, and terms for assigned lines of business, while fostering relationships with general agents to drive profitability and production goals. The position requires a high level of authority and judgment, as well as the ability to work independently in a fast-paced, collaborative environment.

Responsibilities

• Review individual risks with assigned agents or programs and make acceptance or declination decisions based on necessary information.
• Analyze exposures to loss and develop adequate premium charges for the exposure, determining appropriate endorsements and exclusions.
• Place reinsurance for accounts within department guidelines as necessary.
• Achieve individual production and loss ratio goals through effective territory management and marketing.
• Quote, price, and underwrite new and renewal policies and endorsements for complex accounts.
• Monitor risk selection and pricing decisions for the agency's book of business.
• Analyze premium and loss results by agency, state, and major class of business.
• Handle policy maintenance items and mid-term requests, including endorsement requests and changes to policies.
• Review loss control reports and make recommendations to agents regarding policy changes.
• Follow up on outstanding information and review claim activity to take appropriate actions.
• Foster positive business relationships with general agents through daily contact and conflict resolution.
• Travel to agency offices for audits, training, or marketing visits as required.
• Assist in the development of marketing ideas and strategies for underwriting seminars and campaigns.
• Maintain good working relationships with reinsurers and market Nationwide products to drive results.
• Assist agencies with strategies for pipeline management and new business development.

Requirements

• Undergraduate degree preferred, or equivalent work experience in lieu of a degree.
• Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
• Six years of related experience or five years as an underwriter in excess & surplus lines preferred.
• Knowledge of underwriting policies, practices, insurance law, and marketing principles.
• Ability to communicate effectively, both orally and in writing, with individuals and groups.
• Demonstrated advanced negotiation skills and ability to manage assigned lines of business.
• Ability to analyze insurance risks and determine acceptability, including policy language and rating plans.
• Ability to use job-related computer software and devise business solutions to problems.

Nice-to-haves

• Leadership skills and competencies that may take precedence over other criteria.

Benefits

• Medical, dental, and vision insurance
• Life insurance
• Short and long-term disability coverage
• Paid time off (minimum of 18 days per year)
• Nine paid holidays
• Lifetime paid time off
• Unity Day paid time off
• 401(k) with company match
• Company-paid pension plan
• Business casual attire