Territory Manager, Inland Marine (P&C Insurance / Inland Marine - Senior Production Underwriter) at Nationwide | NY, US | Rezi

Territory Manager, Inland Marine (P&C Insurance / Inland Marine - Senior Production Underwriter) at Nationwide

Territory Manager, Inland Marine (P&C Insurance / Inland Marine - Senior Production Underwriter)

Nationwide · NY, US

1 weeks ago

Territory Manager, Inland Marine (P&C Insurance / Inland Marine - Senior Production Underwriter)

Nationwide · NY, US

11 days ago
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About the Role

Nationwide's Property and Casualty team is seeking an Inland Marine Territory Manager to innovate and simplify processes, providing exceptional customer value. This is a proactive pipeline post to identify candidates for future openings within the Inland Marine unit.

Responsibilities

  • Underwrite, market, and manage new and renewal commercial lines business through direct contact with agencies or brokers.
  • Drive profit and premium to meet financial goals through business plan development, negotiation, and execution.
  • Lead and influence agencies by creating sales strategies and implementing sales processes that drive new sales, increase shelf space, profit, and customer retention.
  • Collaborate with all lines of business to support and increase the overall Nationwide presence.
  • Underwrite accounts based on authority level and underwriting appetite.
  • Monitor market conditions and research risks necessary to win accounts.
  • Analyze the quality and quantity of risks underwritten and prepare reports.
  • Review agency books of business and profit/growth results to recommend and implement action plans.
  • Analyze regional underwriting performance, identify territory-level problems, and propose solutions.
  • Achieve production, profitability, and service objectives.
  • Quote, price, and underwrite new and renewal policies and endorsements, focusing on complex or service-sensitive accounts.
  • Monitor risk selection and pricing decisions for the entire agency plant.
  • Manage workflow and intricacies of underwriting assigned work, ensuring file handling quality and workflow efficiency.
  • Coordinate complex work with others to meet service level agreements.
  • Influence the activities of the territory manager underwriting team to facilitate the successful delivery of agency business plans.
  • Drive robust agency business planning with detailed performance plans, accountabilities, and checkpoints.
  • Ensure strong territorial objectives to maximize profit and pipeline management.
  • Proactively identify opportunities for all lines of business and refer to appropriate leaders.
  • Plan and coordinate the efforts of the territory manager underwriting team regarding new business, renewals, and service plans.
  • Identify prospects and recommend new agency appointments.
  • Market company products and services to drive agency and company results, including enterprise products.
  • Assist agencies with strategies for pipeline management, producer development, and new business in targeted industries and preferred markets.
  • Respond effectively to assess accounts and develop business propositions.
  • 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 appetite, acceptability, terms, conditions, pricing, and sales techniques for large or unique business.
  • Provide industry trend observations to leadership.
  • Consult with agencies regarding risk management and coverage options to improve retention and profitability.
  • Effectively communicate with agencies to establish Nationwide as the provider of choice for the territory.
  • Communicate product, technology changes, and company objectives.
  • Communicate market intelligence to agencies and leadership.
  • Collaborate with team members and leadership to share industry trends and field underwriting experience.
  • Complete agency visits to develop new accounts, service existing accounts, review performance, and enhance 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 advanced customer service requests.
  • Ensure tools, training, and support are in place to positively impact success for agencies and the territory.
  • Identify and communicate training needs and opportunities.
  • Participate in program and product orientation meetings as the underwriting subject matter authority.
  • Manage significant workload effectively and back up other team members as needed.
  • Monitor business plan results and develop action plans to ensure alignment with underwriting philosophies, standards, and performance expectations.
  • Review business in process and lost business.
  • Drive implementation of the business plan.
  • Lead discussions for assigned agents in agency reviews.
  • May perform other responsibilities as assigned.

Requirements

  • Production-oriented commercial insurance professional with Inland Marine specific industry expertise.
  • Strong agency/broker relationships.
  • Proven track record of creating broker relationships and influencing business placement.
  • Prior commercial underwriting experience with authority.
  • Strong understanding and business acumen in the Inland Marine insurance industry practice.
  • Existing agency/broker relationships within the territory (strong preference).
  • Significant experience with Inland Marine and/or Builders Risk lines of business (strong preference).
  • This role does not qualify for employer-sponsored work authorization.
  • Nationwide does not participate in the Stem OPT Extension program.
  • 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 competing priorities.
  • Ability to evaluate and recommend solutions to customer service, work processing, underwriting selection and rating, and best practices compliance.
  • Strong drive for results.
  • Heavy travel with extended stays may be required.
  • A valid driver’s license and safe driving record are required.

Skills

  • Analytical skills
  • Relationship-building skills
  • Entrepreneurial drive
  • Sales strategies
  • Sales processes
  • Underwriting
  • Market analysis
  • Risk assessment
  • Financial goal achievement
  • Business plan development
  • Negotiation
  • Execution
  • Pipeline management
  • Profit maximization
  • Customer retention
  • Interpersonal skills
  • Sales skills
  • Partnership building
  • Independent judgment
  • Decision-making
  • Problem-solving
  • Communication
  • Collaboration
  • Workload management

Location

  • Remote
  • Work-From-Home (WFH)
  • Within any of the lower 48 U.S. states

Work Type

  • Remote
  • Work-From-Home (WFH)
  • Full-time

Experience Level

  • Seven to ten years of progressively responsible middle market commercial lines underwriting experience preferred.
  • Two to five years of sales and business development experience in middle market commercial lines is also preferred.

Education Level

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

Salary/Compensations

  • $104,000.00-$194,000.00
  • $104,000.00 - $156,000.00

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.
  • Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles.
  • The company offers designated smoking areas in which smoking is permitted at each individual location.
  • The Act prohibits retaliation for reporting complaints or violations.