Note: The job is a remote job and is open to candidates in USA. Nationwide is a Fortune 100 company focused on helping people protect what matters most to them. The Senior Underwriting Consultant in Brokerage Excess will underwrite complex risks, achieve production goals, and foster relationships with brokers while mentoring underwriters.
Responsibilities
- Researches and develops new classes of business as directed. Researches market trends and competition. Assesses market viability, creates forms & endorsements, and develops rates with actuarial support. On large, complex accounts, partners with Actuarial team to develop rates/pricing, Finance team to review potential insureds profitability profile and claims team to review SIR viability and potential frequency and severity of losses
- Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determines endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk. Within department guidelines places reinsurance, if any, for the account
- Achieves team/individual production and loss ratio goals with assigned brokers through sound broker management and marketing. The underwriter continually analyzes premium and loss results of assigned brokers; by state, major classes of business, etc. Continually assesses quality of broker submissions and makes corrective action recommendations
- Oversees or handles policy maintenance items and other mid-term requests. Reviews endorsement requests and authorizes necessary changes to the policy. Reviews Loss Control reports and recommendations; partners with the broker to ensure loss control compliance. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action
- 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
- Demonstrates a thorough understanding of facultative reinsurance and 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 reinsurers
- Responsible for the resolution of technical questions of the highest complexity
- Proactively develops technical and business knowledge through internal and external venues. Teaches classes to build technical underwriting knowledge to brokers, SSU students and other underwriters. Mentors new and existing underwriting talent
Skills
- Ability to communicate effectively, verbally, and in writing, inter personally with individuals and groups via telephone, tele/video conference, fax, e-mail and in person
- Demonstrates advanced negotiation skills and ability to work as a project lead
- Ability to manage the line of business assigned, which may include monitoring of aggregates
- Ability to analyze highly complex insurance risks to determine acceptability including policy language, various commercial and alternative rating plans and methodologies, reinsurance
- Ability to use/learn job related computer software
- Ability to handle the most complex accounts
- Ability to devise business solutions to complex problems, implement the most appropriate, and monitor the effectiveness
- Ability to make decisions on highly complex issues and work with minimal direction
- Ability to train and mentor all levels of underwriters, underwriting assistants and interns
- Ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance
- Ability to apply market trends and competitor intelligence to underwriting approach
- Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree
- Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred
- Eight years CL underwriting experience handling large or complex accounts, excess & surplus lines experience preferred
Benefits
- Medical/dental/vision
- Life insurance
- Short and long term disability coverage
- Paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
- 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
Company Overview
Company H1B Sponsorship