Specialist, Brokerage Excess Underwriting - E&S/Specialty (Construction)

If you’re passionate about helping people protect what matters most to them, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Position will be largely renewal driven in our Excess Construction vertical.

Job Description Summary

Are you a critical thinker who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to hear from you!

Our Excess & Surplus/Specialty (E&S/S) lines allow us to provide insurance that other carriers may not offer. It’s a fast-paced environment in a collaborative, team-oriented culture, working in an always-changing, growing industry.

As an Underwriting Specialist in Brokerage Excess you determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Excess Casualty line of business. In addition, you’ll achieve production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Broker assignments are more complex in terms of coverage and broker relationships. You will work independently with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. We will count on you to foster positive business relationships with co-workers, brokers and reinsurers. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.

Job Description

Key Responsibilities: 

• In partnership with Consultant/Manager researches market trends, competition and market viability as well as develops an active working partnership with Actuarial, Finance and Claims as appropriate.

• Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.  Within department guidelines, places reinsurance, if any, for the account.

• Achieves team/individual production and loss ratio goals with assigned brokers through sound management and marketing.  Works with more complex issues concerning coverage. The underwriter continually analyzes premium and loss results of assigned brokers by agency, state, major class of business, etc.  Continually assess quality of broker submissions and makes corrective action recommendations.

• Handles policy maintenance items and other mid-term requests.  Reviews endorsement requests and processes necessary changes to the policy.  Reviews loss control reports and makes recommendations to the broker and/or changes to the policy. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action.

• Places reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance.  Maintains good working relationship with re-insurers.

• Fosters positive business relationships with brokers, through frequent contact. Develops and maintains good rapport and resolves broker conflicts.   Travels to broker offices as required for training or marketing visits. Entertains brokers visiting the Company as required. Assists with development of marketing ideas and strategies for underwriting events and other marketing campaigns.

• Proactively develops technical and business knowledge through internal and external venues.

May perform other responsibilities as assigned.

Reporting Relationships:  Reports to Underwriting Manager. No direct reports.  Indirect reports not typically assigned.

Typical Skills and Experiences: