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: D.S55
Please note this role may be filled at a different level depending on candidate skills and experience.
Position to be based at the ERisk office Flanders, NJ (after return to office has been implemented). Not open to fully remote work.
Job Description Summary
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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!
Under technical direction, assesses a company's risk profile and determines/negotiates the appropriate pricing, coverage, terms and conditions by analyzing a company's financial statements/operations/management/industry and other information. Including, but not limited to the company's viability, issues, governance, regulatory environment, and experience. Achieves production and loss ratio goals within assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts. The underwriter works independently developing recommendations and applying judgment based on the financial analysis. Establishes and maintains effective relationships with brokers in order to generate premium dollars and profitably. Territory assignments somewhat complex in nature concerning coverage and broker relationships. May assist with the research, development and presentation of new programs, forms and manuals.
Job Description
Key Responsibilities:
Within established guidelines, analyze and review application, financial statements, 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 production and loss ratio goals by analyzing 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.
With supervision, 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. Meets brokers to market services and ensure strong relationship to write business.
May 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: One 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: General knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Knowledge of financial statements, financial analysis, investments, market conditions essential. 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 effective negotiation skills. Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance. Ability to use/learn job related computer software. Ability to devise business solutions to problems, implements the most appropriate, and monitor its effectiveness. Ability to make decisions with 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.