Specialist, Contract Underwriting - E&S/ Specialty (Contract+)

About the role

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. This role will be in our Contract+ unit.

Responsibilities

• 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.
• Analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure and determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.
• Places reinsurance, if any, for the account.
• 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.
• Maintains good working relationship with reinsurers.
• Entertains agents visiting the Company as required.
• Assists with development of marketing ideas and strategies for underwriting seminars and other marketing campaigns.
• Plays a key role in the development of new products, forms and manuals.
• Travels to agency offices as required for audits, training or marketing visits.
• May perform other responsibilities as assigned.

Requirements

Six years related experience or five years as an underwriter, excess & surplus lines preferred. Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Qualifications

• Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
• Knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques, rating plans and plan concepts, Treaty & Facultative reinsurance concepts, general agency system and company operations, regulatory issues, the general agency system, market conditions and company operations.
• Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in person.
• Advanced negotiation skills.
• Ability to manage the assigned line or lines of business, which may include monitoring of aggregates.
• Ability to work with the wholesale/general agency distribution system.
• 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.

Skills

• Knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques, rating plans and plan concepts, Treaty & Facultative reinsurance concepts, general agency system and company operations.
• Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in person.
• Advanced negotiation skills.
• Ability to manage the assigned line or lines of business, which may include monitoring of aggregates.
• Ability to work with the wholesale/general agency distribution system.
• 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

We have an array of benefits to fit your needs, including: 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.

Pay

The national salary range for Specialist, Contract Underwriting - E&S/Specialty - 111564 : $84,000.00-$156,000.00

Schedule

Normal office environment. Travel out of state as required several times a year. In-town entertaining required as necessary after 5:00 P.M.