Brokerage Casualty Underwriter: Complex Accounts

Nationwide Mutual Insurance Company; Arizona; Hybrid; USD 104,000 - 194,000; Full time

Benefits offered by this job

Medical/dental/vision, life insurance

401(k) with company match

Pension plan

Paid time off and holidays

Job summary

Nationwide Mutual Insurance Company seeks an experienced Underwriting Consultant for Brokerage Casualty (E&S/Specialty) to underwrite complex risks, develop pricing and terms, and manage broker relationships. Authority to approve referrals and reinsurance placements will be exercised with judgment.

You will collaborate with actuarial, finance and claims teams to assess profitability, loss history, and SIR viability while mentoring underwriters at all levels. Travel to broker offices is required.

Qualifications

• Undergraduate degree preferred; equivalent work experience will be considered.
• Eight years CL underwriting experience handling large or complex accounts; excess & surplus lines experience preferred.
• Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

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.
• Works with the most complex issues concerning coverage, terms and conditions, etc. brokers.
• 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 and 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.
• Resolves technical questions of the greatest 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.
• May perform other responsibilities as assigned.

Skills

Underwriting

Risk analysis

Reinsurance knowledge

Broker management

Leadership

Travel flexibility

Education

Undergraduate degree preferred

CPCU/CIC/AU/ARM/CPIW/CWIS/ASLI preferred

Job description

Nationwide Mutual Insurance Company seeks an experienced Underwriting Consultant for Brokerage Casualty (E&S/Specialty) to underwrite complex risks, develop pricing and terms, and manage broker relationships. Authority to approve referrals and reinsurance placements will be exercised with judgment.

You will collaborate with actuarial, finance and claims teams to assess profitability, loss history, and SIR viability while mentoring underwriters at all levels. Travel to broker offices is required.