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About the Role
Nationwide's Property and Casualty team is seeking individuals passionate about customer value, innovation, and simplifying processes. Join a Fortune 100 company with nearly $70 billion in annual sales and a commitment to providing extraordinary care.
Responsibilities
- Assesses a company's risk profile and determines/negotiates appropriate pricing, coverage, terms, and conditions by analyzing financial documents, operations, management, and industry information.
- Analyzes exposures to loss with technical expertise, develops adequate premium charges, and determines appropriate endorsements and exclusions.
- Places reinsurance per department guidelines, utilizing various treaties, semi-automatic, and facultative reinsurance.
- Achieves team production and loss ratio goals within assigned territory through sound marketing and continuous analysis of premium and loss results.
- Handles moderately complex policy maintenance items and mid-term requests, reviews endorsement requests, and processes necessary changes.
- Reviews claim activity and takes appropriate action.
- Establishes and maintains effective relationships with brokers to generate premium dollars and profitability.
- Accompanies other underwriters to broker offices for marketing visits and entertains brokers to market services.
- Participates in underwriting meetings with brokers, clients, and other underwriters, clarifying and questioning information to assess risk.
- May perform other responsibilities as assigned.
Requirements
- Undergraduate studies with a focus in finance, accounting, economics, and/or risk management.
- Typically 1 or more years of related experience as a D&O and/or E&O Underwriter.
- Previous business or finance experience is helpful.
- General knowledge of underwriting policies, practices, procedures, insurance law, and marketing principles.
- Knowledge of financial documents, financial analysis, investments, and market conditions is essential.
- Ability to communicate effectively verbally and in writing, and interpersonally with individuals at various levels.
- Demonstrates effective negotiation skills.
- Ability to analyze insurance risks to determine acceptability, including policy language, commercial rating plans, and methodologies.
- Ability to apply/learn job-related computer software.
- Ability to devise business solutions to problems, implement them, and monitor their effectiveness.
- Ability to make decisions with supervision.
- Regularly and consistently demonstrates Nationwide Values.
Skills
- Risk assessment
- Financial analysis
- Negotiation
- Communication
- Problem-solving
- Underwriting
- Reinsurance placement
- Relationship management
Location
- New York City
- Scottsdale-Freedom Specialty
Work Type
- Hybrid
- Full-time
Experience Level
- 1+ years related experience
Education Level
- Undergraduate studies preferred
Salary/Compensations
- $54,000.00-$100,500.00 (National Range)
- $54,000.00 - $81,000.00 (Expected Starting Range)
Benefits
- Medical/dental/vision
- Life insurance
- Short and long term disability coverage
- Paid time off (minimum 18 days annually)
- 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.
- Nationwide is committed to providing extraordinary care and putting customers and partners at the center of everything they do.
Equal Opportunity
- Nationwide is an equal opportunity employer.
- Celebrates diversity and is committed to creating an inclusive culture.
- Prohibits discrimination and harassment and affords equal employment opportunities without regard to any characteristic protected by applicable law.
- For NY residents: Notice of Employee Rights, Protections, and Obligations LS740.