Territory Manager, Specialty Care Business Development (P&C Insurance Production Underwriter - Senior Living) at Nationwide | CT, US | Rezi

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

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

Nationwide · CT, US

1 weeks ago

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

Nationwide · CT, US

10 days ago
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About the Role

Nationwide's Property and Casualty team is seeking a production underwriter for Commercial Lines Middle Market accounts within the Senior Living industry segment. This role focuses on innovating and simplifying processes to provide customer value at a Fortune 100 company.

Responsibilities

  • Market, manage and underwrite commercial business with select agencies or brokers.
  • Drive profit and premium to meet financial goals and objectives through developing, negotiating and implementing business plans.
  • Lead and influence agencies by creating sales strategies and implementing sales processes and practices that drive new sales, increase shelf space, profit and customer retention.
  • Collaborate with internal business partners to support and increase the overall Nationwide presence.
  • Monitor market conditions, competitive landscape and confirm information gathered within market space.
  • Research risk, environment and other factors to win the account.
  • Analyze quality and quantity of risks underwritten and prepare reports.
  • Review agency books of business as well as profit/growth results and trends to recommend and implement plans.
  • Analyze regional underwriting performance experience, identify problems on a territory level and propose plans to resolve those situations.
  • Achieve production, profitability and service objectives.
  • Quote, price and underwrite new and renewal policies and endorsements primarily for complex or service sensitive accounts.
  • Monitor risk selection and pricing decisions for entire agency plant, both on a book of business and individual account level basis.
  • Manage workflow and intricacies of underwriting assigned work by utilizing company tools and systems.
  • Ensure file handling quality and workflow efficiency.
  • Manage large, sophisticated work and coordinate work with others to meet service level agreements.
  • Effectively influence activities of the team to facilitate the successful delivery and execution of select agency business plans.
  • Drive robust agency business planning to deliver detailed performance plans with actions, accountabilities and scheduled performance checkpoints.
  • Ensure strong territorial objectives to improve profit and pipeline management.
  • Proactively find opportunities for all lines of business and refer to appropriate business leaders.
  • Plan and coordinate the efforts of the Middle Market Underwriting Team on new business, renewals, service plans, etc.
  • Identify prospects and recommend new agency appointments.
  • Market Nationwide products and services to help drive agency and company results.
  • Assist agency with strategies for pipeline management, producer development and developing business in targeted industries and preferred markets.
  • Respond effectively to assess accounts and develop business propositions that win the business.
  • Consult with agents and internal partners to develop business solutions.
  • Share understanding of organizational capabilities and opportunities to drive maximum value of relationships.
  • Consult regarding the appetite, acceptability, terms, conditions, pricing and sales techniques of large or unique business.
  • Provide industry trend observations to leadership.
  • Consult with agencies regarding risk management and coverage options and to improve retention and profitability.
  • Establish the company as the provider of choice for the territory for all enterprise products with an emphasis on commercial lines.
  • Communicate product, technology changes and company objectives.
  • Communicate market intelligence to agencies and leaders.
  • Communicate and collaborate actively with team and leaders to share industry trends and field underwriting experience.
  • Complete agency visits as appropriate to develop new accounts, service existing accounts, review agency performance and enhance agency relationships.
  • Develop and maintain strong business relationships with agencies, producers and key groups.
  • Lead delivery of appropriate customer service levels.
  • Follow up and ensure proper handling of customer service requests.
  • Ensure that tools, training and support are in place to positively impact success for the agencies and territory.
  • Identify and communicate training needs and opportunities.
  • Participate in program and product orientation meetings in conjunction with Sales/Marketing partners as the underwriting subject matter authority.
  • Manage a significant workload effectively and back up others as needed.
  • Monitor business plan results to determine performance and development of plans to ensure alignment with underwriting philosophies, standards and performance expectations.
  • Review business in process, lost business and drive implementation of business plan.
  • Lead discussion for assigned agents in agency reviews.
  • May perform other responsibilities as assigned.

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
  • At least five years of experience handling Senior Living accounts
  • 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.
  • 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.
  • Detailed working knowledge of commercial underwriting, pricing and coverage for middle market business.
  • Knowledge of company sales and underwriting standards and practices company 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.
  • Must have the ability to perform duties with independent judgment with underwriting authority and within company underwriting standards.
  • Demonstrated decision-making ability required 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 and rating and compliance.
  • Strong drive for results.
  • Regularly and consistently demonstrates Nationwide Values.
  • Heavy travel with extended stays may be required.
  • A valid driver’s license and safe driving record are required.

Skills

  • Underwriting authority
  • Business development
  • Production & agency management
  • Underwriting Casualty lines
  • General Liability
  • Professional Liability
  • Abuse & Molestation
  • Commercial underwriting
  • Pricing
  • Coverage for middle market business
  • Sales skills
  • Interpersonal skills
  • Independent judgment
  • Decision-making
  • Customer service
  • Work processing
  • Underwriting selection
  • Rating
  • Compliance
  • Drive for results

Location

  • Remote
  • Work-from-home (WFH)
  • Eastern Time Zone

Work Type

  • Remote
  • Work-from-home (WFH)
  • Full-time

Experience Level

  • Senior
  • Five years of experience handling Senior Living accounts
  • Seven years of progressively more responsible underwriting and sales experience in commercial business preferred

Education Level

  • Bachelor’s degree or equivalent experience
  • CPCU or CIC designation preferred

Salary/Compensations

  • $112,000.00-$209,000.00
  • $112,000.00 - $168,000.00

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.

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