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; D4
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!
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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 Underwriter I, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of basic technical complexity and with limited authority. You will be responsible for achieving production and loss ratio goals with or without an assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts and/or program or territory. Your knowledge of reinsurance placement requirements, if any, on individual accounts, is important and valued. You will have opportunities to foster positive business relationships with agents and reinsurers. You will also develop, audit and manage territory, agents and programs as assigned.
Job Description
Key Responsibilities:
Reviews individual risks or programs with or without assigned territory, from agents, brokers or program managers and either declines or accepts business based upon information necessary to make the decision. Analyzes exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.
Achieves individual production and loss ratio goals with or without assigned territory through sound territory management and marketing. Continually analyzes premium and loss results in their territory by agency, state, major class of business and by program. Audits individual policies for compliance with company guidelines. Development and implementation of specific action plans may be required.
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 agent and/or changes to the policy. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action.
Fosters positive business relationships with agents and brokers through daily contact with assigned agents by developing and maintaining good rapport and resolving agency conflicts. Travels to agency offices as required for audits, training or marketing visits. Entertains agents visiting the company as required. Assists with development of marketing ideas and strategies for underwriting seminars and other marketing campaigns.
May perform other responsibilities as assigned
Reporting Relationships: Reports to Underwriting Manager
Typical Skills and Experiences:
Education: Undergraduate studies and completion of general insurance courses such as IIA 21, 22, 23, CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred. Knowledge of business concepts
Experience: Four years related experience or prior experience as an underwriting assistant or rater preferred.
Knowledge, Abilities and Skills: Ability to communicate effectively, verbally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in person. Ability to work with the wholesale/general agency distribution system. 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.
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: Exempt (Not Eligible)
Working Conditions: Normal office environment. Limited travel out of state may be required. In-town entertaining required as necessary after 5:00 P.M.
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 people assigned to the job to perform a somewhat different combination of duties.
Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.