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!
Compensation Grade: E.S85
Please note this role may be filled at a different level depending on candidate skills and experience.
Position is office based in Flanders, NJ
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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 know more about you!
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Under limited direction, assesses a company's risk profile and determines/negotiates the appropriate pricing, coverage, terms and conditions by analyzing a company's financial documents and other information. Achieves production and loss ratio goals within assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts. Establishes and maintains effective relationships with brokers in order to generate premium dollars and profitably. Territory assignments are complex in nature concerning coverage, profitability and broker relationships. Responsible for the training and mentoring of lower level underwriters. Will be the main point of contact for brokers in that specific assigned territory.
Job Description
Key Responsibilities:
Within established guidelines, analyze and review application, complex financial documents, company management, company prospects, industry prospects, legal structure and outstanding litigation.
Determines proper insurance program including layer attachment, terms, conditions, pricing and alternatively decline or non-renewal of coverage.
Servicing of existing and/or new accounts, including quote letter, binders, policy & endorsement issuance.
Achieves aggressive production and loss ratio goals by analyzing complex premium and loss results for assigned territory by line of business through sound marketing. Promotes company products and programs.
Monitors industry trends to stay well-informed of new products, distribution systems, trends and competitor offerings.
Establishes and maintains effective relationships with brokers in order to generate profitable premium dollars. Accompanies other underwriters to broker offices as required for marketing visits. Frequently entertains brokers to market services and ensure strong relationship to write business.
Participate in underwriting meetings with brokers, clients and other underwriters.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Manager. Serves as individual contributor, no direct or indirect reports.
Typical Skills and Experiences:
Education: Undergraduate studies with focus in finance, accounting, economics, and/or risk management. Degree preferred.
Experience: Three or more years related experience as a D&O, EPL and/or E&O Underwriter preferred. Previous business or finance experience helpful.
Knowledge, Abilities and Skills: Knowledge of D&O/EPL/Fiduciary/E+O/Crime insurance products. Knowledge of financial statements, financial analysis, investments, market conditions essential. Legal knowledge related to insurance, contract and business law preferred. Ability to communicate complex underwriting concepts required. Ability to multi-task, communicate effectively, verbally, and in writing, interpersonally with individuals at various levels and groups via telephone, fax, e-mail and in person. Demonstrates advanced negotiation skills. Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance. Knowledge of related computer software. Ability to devise business solutions to problems, implements the most appropriate, and monitor its effectiveness. Ability to make decisions with minimal direct supervision.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment. Ability to travel locally and overnight for client meetings as needed.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.