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
