Director, Construction Services Business Development - Commercial Lines (Middle Market Construction Field Underwriting Director) at Nationwide | CT, US | Rezi

Director, Construction Services Business Development - Commercial Lines (Middle Market Construction Field Underwriting Director) at Nationwide

Director, Construction Services Business Development - Commercial Lines (Middle Market Construction Field Underwriting Director)

Nationwide · CT, US

3 weeks ago

Director, Construction Services Business Development - Commercial Lines (Middle Market Construction Field Underwriting Director)

Nationwide · CT, US

22 days ago
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About the Role

Nationwide's Property and Casualty team is seeking a Director to lead a team of Territory Managers within the Commercial Middle Market Construction Services organization. This role is crucial for driving growth by innovating and simplifying processes to provide customer value.

Responsibilities

  • Monitors market conditions and confirms information gathered within market space.
  • Researches risk, environment and other factors to win the account.
  • Receives input and monitors risk selection, renewal retention and pricing decisions.
  • Establishes research objectives and standards for the department.
  • Ensures methodologies and outcomes meet business and strategic objectives.
  • Analyzes performance of portfolio as well as individual performance and develops appropriate action to drive profitable growth.
  • Partners with territory managers in the large account review process.
  • Directs pricing standards and practices.
  • Provides recommendations to leaders about underwriting strategy and opportunity.
  • Measures and manages underwriting processing and quality, using company underwriting guidelines and standards.
  • Determines priorities and workflow standards for the department.
  • Monitors and manages performance measurements to ensure efficiency of the department's service delivery process.
  • Effectively aligns organizational structure to drive business results.
  • Plans, develops and integrates territory sales plans to achieve top and bottom line objectives.
  • Translates strategic business plans into organizational direction.
  • Creates financial and operational goals, budget and timelines to meet company standards.
  • Drives sales strategies to develop new business, improve retention and maintain profitability.
  • Meets with agents at member locations to help with renewals and to ensure agency and account needs are being met and service plans are in place and working.
  • Consults with all levels of internal and external partners regarding policies and practices.
  • Provides recommendations regarding operational practices and procedures.
  • Provides input into agency strategic and business plans and regional strategic business planning.
  • Communicates strategic direction and operational plans to internal associates and external partners.
  • Communicates policies, procedures and financial budgets that result in attainment of business objectives.
  • Ensures awareness of strategic corporate initiatives to maintain effectiveness in the field.
  • Develops and maintains strong business relationships with key groups and individuals within the commercial line market.
  • Develops effective internal and external collaborative partnerships across all customers and related functions, including Loss Control, Claims, Marketing, Nationwide Technology, etc. to understand business development and build a support network to help resolve business needs.
  • Develops customer service standards for middle market construction team.
  • Drives customer service performance to established standards.
  • Collaborates with fellow leaders to guide training within the middle market organization to ensure a high degree of proficiency and professionalism.
  • Coaches territory managers/account executives on actively pursuing commercial line business with agencies and/or brokers to develop and grow a profitable territory.
  • Sets operational expectations, goals and strategies.
  • Provides oversight, ensuring necessary internal support is provided to resolve issues and appropriate service levels.
  • Ensures that unique agency business capabilities are assessed and emphasized as competitive advantages across all producers within the business unit.
  • Supervises associate management including performance, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement and disciplinary actions for direct and possibly indirect reports.
  • May perform other responsibilities as assigned.

Requirements

  • Prior commercial underwriting experience (with authority) is required.
  • Strong people leadership competency is required.
  • Construction insurance expertise is preferred.
  • Formal people leadership experience is preferred.
  • Existing broker/agency relationships in the market are preferred.
  • This role does not qualify for employer-sponsored work authorization.
  • Nationwide does not participate in the Stem OPT Extension program.
  • Requires sophisticated knowledge of property/casualty insurance operations and products, procedures and practices.
  • Requires sophisticated knowledge of commercial lines of insurance including rating, loss control and related functions.
  • Requires sophisticated knowledge of commercial lines customer environment and markets.
  • Requires extensive knowledge of commercial property/casualty cases, best underwriting practices, field underwriting operations and day-to-day underwriting operational needs.
  • Familiarity with all enterprise products is preferred.
  • Excellent verbal and written communication skills to disseminate vision of senior leadership and to motivate a large agency force.
  • Ability to set work priorities and to initiate, evaluate and recommend solutions to upper management.
  • Must have the ability to perform duties with independent judgment with underwriting authority and company underwriting standards.
  • Demonstrated decision-making ability required in day-to-day operations where there may be unclear or multiple priorities, including evaluating and recommending solutions to customer service issues, work processing issues, underwriting selection and rating problems and compliance.
  • Strong drive for results.
  • Competencies include building organizational talent, optimizing diversity, selling the vision, leading change and driving execution and entrepreneurship.
  • Other criteria, including leadership skills, competencies and experiences may take precedence.
  • Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources Business Partner.
  • Regularly and consistently demonstrates the Nationwide Values.
  • Heavy travel with extended stays may be required.
  • A valid driver’s license and safe driving record are required.

Skills

  • Analytical skills
  • Relationship-building
  • Entrepreneurial drive
  • Sales
  • Underwriting
  • Portfolio analysis
  • Relationship management
  • Account management
  • Market analysis
  • Risk assessment
  • Pricing strategy
  • Underwriting strategy
  • Operational efficiency
  • Sales strategy
  • Business development
  • Customer service
  • Training and development
  • Performance management
  • Strategic planning
  • Financial management
  • Budgeting
  • Communication
  • Decision-making
  • Leadership

Location

  • Remote
  • CT
  • DC
  • DE
  • NJ
  • NY
  • NC
  • MA
  • MD
  • PA
  • VA

Work Type

  • Remote
  • Work-from-home

Experience Level

  • Director
  • Ten years of commercial line underwriting, sales, marketing and agency management experience
  • Middle market experience
  • Significant business management and people leadership experience

Education Level

  • Bachelor’s degree or equivalent experience
  • Relevant professional designation such as CPCU or CIC is preferred

Salary/Compensations

  • $152,000.00-$269,000.00
  • $152,000.00 - $228,000.00

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.
  • Our customers and partners are at the center of everything we do.
  • We are looking for associates who are passionate about delivering extraordinary care.

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.
  • For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf