About the Role
Nationwide's Property and Casualty team is seeking a passionate individual to innovate and simplify processes, providing exceptional customer value. This role involves analyzing complex risks and finding insurance solutions that balance customer needs with business goals.
Responsibilities
- Drives the sales and underwriting relationship for Programs products and services.
- Reviews and analyzes complex underwriting referrals that exceed program administrator authority.
- Analyzes program referrals to ensure appropriate pricing, coverage, and terms and conditions.
- Approves account specific referrals.
- Conducts research, development, and presentation of new programs, forms, and manuals.
- Reviews and analyzes new program business submissions and presents evaluations to management.
- Provides recommendations to management regarding new business submissions.
- Corresponds with program managers to gauge market trends and profitability.
- Updates underwriting guidelines as necessary and recommends modifications.
- Assists with reinsurance placement and gathers data for reinsurance submissions.
- Maintains good working relationships with reinsurers.
- Provides program research and development, form development, rate development, and technical assistance.
- Participates in bi-annual underwriting audits for each program.
- Establishes and maintains effective relationships with brokers, program managers, and managing general agents.
- Attends meetings and travels for marketing visits.
- Entertains brokers, program managers, and potential new partners.
- Participates in the integration of new and existing programs.
- Collaborates with business liaisons to develop program-specific tools.
- Ensures appropriate business partners are informed and provide support for program integration.
- Attends industry functions to promote team capabilities.
- Assists in identifying new program business opportunities.
- Provides monthly data reports to FS Programs staff.
- Acts as a resource for training and guidance for less experienced staff.
- May be responsible for underwriting and support staff.
- May perform other responsibilities as assigned.
Requirements
- Undergraduate studies with a focus in Finance, Accounting, Economics, and/or Risk Management.
- Typically three or more years of related experience as a Professional, Financial, and/or Specialty lines underwriter.
- Some experience in the technical aspects of data management is helpful.
- Demonstrated knowledge of Professional, Financial, and/or Specialty lines underwriting policies, practices, and procedures.
- Knowledge of insurance law and underwriting marketing principles and techniques.
- Working knowledge of financial documents, financial analysis, investments, and market conditions.
- Understanding of legal concepts related to insurance, contract, and business law is preferred.
- Ability to communicate complex underwriting concepts.
- Effective verbal and written communication skills with a variety of individuals at various levels, both internally and externally.
- Demonstrates negotiation skills and ability to persuade.
- Ability to understand and foster positive business relationships.
- Ability to determine acceptability of referred business relative to guidelines.
- Good understanding of financial concepts.
- Ability to analyze insurance risks to determine acceptability.
- Ability to devise, implement, and monitor business solutions to complex problems.
- Ability to make decisions without supervision.
- Ability to support numerous parties at one time.
- Ability to set work priorities in all aspects of data management, imaging, and procedures and processes is helpful.
- Ability to make decisions that reflect the goals of the company, both financially and ethically.
- Regularly and consistently demonstrates Nationwide Values.
Skills
- Analytical skills
- Creative abilities
- Decision-making
- Relationship building
- Training and mentoring
- Sales and underwriting
- Risk analysis
- Market trend analysis
- Business opportunity identification
- Collaboration
- Communication
- Negotiation
- Persuasion
- Problem-solving
- Data management
- Reinsurance placement
Location
- Office environment
Work Type
- Exempt
- Travel locally and overnight for client meetings as needed
Experience Level
- Three or more years related experience
Education Level
- Undergraduate studies
- Degree preferred
Salary/Compensations
- $92,000.00-$171,000.00
- $92,000.00 - $138,000.00
Benefits
- Medical/dental/vision
- Life insurance
- Short and long term disability coverage
- Paid time off (minimum of 18 days per year)
- 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
About the Company
- Nationwide is a Fortune 100 company with nearly $70 billion in annual sales.
- At Nationwide®, 'on your side' goes beyond just words.
- Customers and partners are at the center of everything we do.
Equal Opportunity
- 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.
- Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
