Sr Underwriter, Brokerage Excess - E&S/S (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 are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Position for renewal underwriting within the Excess Construction vertical.

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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 a Senior Underwriter in Brokerage Excess you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of moderate technical complexity for the Excess Casualty line of business. You will achieve production and loss ratio goals within assigned brokers and program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Within defined parameters, you may be responsible for determining appropriate reinsurance placement, if any, on individual risks. We will count on you to foster positive business relationships with brokers and reinsurers.

Job Description

Key Responsibilities: 

• Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. Analyzes exposure to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.

• Achieves team/individual production and loss ratio goals with assigned brokers through sound broker management and marketing.  Continually analyzes premium and loss results with assigned brokers by state, major class of business, etc.  Continually assesses 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.

• Within defined parameters may place 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.

Typical Skills and Experiences: 

Education:  Undergraduate studies preferred and/or equivalent work experience.

License/Certification/Designation:  Completion of general insurance courses such as IIA 21, 22, 23, CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Experience:  Four years related experience or 2 years’ experience as an underwriter; prior experience in excess & surplus lines underwriting is preferred.

Knowledge, Abilities and Skills:  Knowledge of underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Knowledge of rating plans and concepts. Knowledge of reinsurance concepts.  Knowledge of general agency system and company operations. Ability to communicat