Territory Manager, Specialty Care Business Development (P&C Insurance Production Underwriter - Senior Living)

If you’re passionate about helping people protect what matters most at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes to provide the best customer value, Nationwide’s Property and Casualty team could be the place for you. This is a remote/work-from-home production underwriting role focused on Commercial Lines Middle Market accounts within the Senior Living industry segment. Territory: Northeast. The selected candidate may be based anywhere within the Eastern Time Zone but must be able to regularly travel to key agency partners throughout the assigned territory, with an expectation of at least 25 agency visits per year.

About the Role

On our team, we look for that rare professional who is both analytical and a relationship-builder. Those who can combine those talents with their entrepreneurial drive and own and manage their territory can thrive and grow with us. As a Territory Manager, you'll market, manage, and underwrite commercial business with select agencies or brokers. You will drive profit and premium to meet financial goals through developing, negotiating, and implementing business plans. You'll lead and influence agencies by creating sales strategies and implementing sales processes that drive new sales, increase shelf space, profit, and customer retention.

Responsibilities

• Monitors market conditions, competitive landscape, and confirms information gathered within market space. Researches risk, environment, and other factors to win the account.
• Analyzes quality and quantity of risks underwritten and prepares reports accordingly. Reviews agency books of business as well as profit/growth results and trends to recommend and implement plans.
• Analyzes regional underwriting performance experience, identifies problems on a territory level, and proposes plans to resolve those situations.
• Achieves production, profitability, and service objectives. Quotes, prices, and underwrites new and renewal policies and endorsements primarily for complex or service-sensitive accounts.
• Monitors risk selection and pricing decisions for the entire agency plant, both on a book of business and individual account level basis. Decisions require review of multiple variables, using agency relationships, inspection reports, and evaluation of exceptions.
• Reviews for acceptability and handles those within authority using company underwriting guidelines and standards.
• Manages workflow and intricacies of underwriting assigned work by utilizing company tools and systems. Ensures file handling quality and workflow efficiency.
• Manages large, sophisticated work and coordinates work with others to meet service level agreements. Influences activities of the team to facilitate successful delivery and execution of select agency business plans.
• Drives robust agency business planning to deliver detailed performance plans with actions, accountabilities, and scheduled performance checkpoints. Ensures strong territorial objectives to improve profit and pipeline management.
• Proactively finds opportunities for all lines of business and refers to appropriate business leaders. Plans and coordinates the efforts of the Middle Market Underwriting Team on new business, renewals, service plans, etc.
• Identifies prospects and recommends new agency appointments.
• Markets Nationwide products and services to help drive agency and company results, including all products that may improve offerings.
• Assists agency with strategies for pipeline management, producer development, and developing business in targeted industries and preferred markets.
• Responds effectively to assess accounts and develop business propositions that win the business. Consults with agents and internal partners to develop business solutions.
• Shares understanding of organizational capabilities and opportunities to drive maximum value of relationships.
• Consults regarding the appetite, acceptability, terms, conditions, pricing, and sales techniques of large or unique business. Provides industry trend observations to leadership.
• Consults with agencies regarding risk management and coverage options to improve retention and profitability.
• Communicates with agencies to establish the company as the provider of choice for the territory for all enterprise products with an emphasis on commercial lines.
• Communicates product, technology changes, and company objectives. Communicates market intelligence to agencies and leaders.
• Communicates and collaborates actively with team and leaders to share industry trends and field underwriting experience.
• Completes agency visits as appropriate to develop new accounts, service existing accounts, review agency performance, and enhance agency relationships.
• Develops and maintains strong business relationships with agencies, producers, and key groups.
• Leads delivery of appropriate customer service levels. Follows up and ensures proper handling of customer service requests.
• Ensures that tools, training, and support are in place to positively impact success for the agencies and territory. Identifies and communicates training needs and opportunities.
• Participates in program and product orientation meetings in conjunction with Sales/Marketing partners as the underwriting subject matter authority.
• Manages a significant workload effectively and backs up others as needed.
• Monitors business plan results to determine performance and development of plans to ensure alignment with underwriting philosophies, standards, and performance expectations.
• Reviews business in process, lost business, and drives implementation of business plan. Leads discussion for assigned agents in agency reviews.

Requirements

• Multi-line commercial insurance underwriting experience, including underwriting authority.
• Senior Living industry-specific experience.
• Strong business development skills, with a production & agency management orientation.
• Highly competitive candidates will have at least five years of experience handling Senior Living accounts and a strong skill set in underwriting Casualty lines, including General Liability, Professional Liability, and Abuse & Molestation.
• This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.

Qualifications

• Bachelor’s degree or equivalent experience is preferred.
• Relevant professional designation such as CPCU or CIC is preferred.
• Seven years of progressively more responsible underwriting and sales experience in commercial business preferred.
• Expertise in markets consistent with our underwriting preferences and product portfolio preferred.

Skills

• Detailed working knowledge of commercial underwriting, pricing, and coverage for middle market business.
• Knowledge of company sales and underwriting standards and practices, commercial products, and programs.
• Knowledge of state statutes and regulations.
• Excellent interpersonal and sales skills.
• Ability to build and maintain cooperative and mutually rewarding internal and external partnerships.
• Ability to perform duties with independent judgment within underwriting authority and company underwriting standards.
• Demonstrated decision-making ability in day-to-day operations where there may be unclear or competing priorities, including evaluating and recommending solutions to customer service, work processing, underwriting selection, rating, and compliance.
• Strong drive for results.

Job Conditions

• Overtime Eligibility: Not Eligible (Exempt).
• Heavy travel with extended stays may be required. Most incumbents work from a remote location.
• A valid driver’s license and safe driving record are required.

Benefits

• Medical, dental, and vision insurance.
• 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.

Pay

The national salary range for Territory Manager, Specialty Care Business Development: $112,000.00 - $209,000.00.

The expected starting salary range for Territory Manager, Specialty Care Business Development: $112,000.00 - $168,000.00.