Director, Brokerage Property Underwriting - E/S/Specialty (Wholesale Property Unit)

Nationwide Insurance; United States; Remote; USD 80,000 - 140,000; Full time

Job summary

An established industry player is seeking a Director for their Brokerage Excess team, focusing on underwriting and risk management. In this pivotal role, you will lead strategies to drive business growth while ensuring exceptional service to clients. Your expertise in underwriting, combined with strong mentorship and leadership skills, will be essential in navigating complex accounts and fostering relationships with brokers. This dynamic position offers the chance to influence product development and contribute to a collaborative team culture. If you are passionate about making a difference in the insurance landscape, this opportunity is for you.

Benefits

Medical/Dental/Vision Insurance

Life Insurance

Paid Time Off

401(k) with Company Match

Company-Paid Pension Plan

Business Casual Attire

Short and Long Term Disability Coverage

Paid Holidays

Qualifications

• Minimum of 10 years of underwriting experience required.
• Strong mentorship and leadership skills are essential.

Responsibilities

• Manage insurance underwriting business for a territory.
• Foster relationships with brokers and develop business strategies.

Skills

Underwriting Experience

Technical Expertise

Mentorship Skills

Relationship Management

Data Analytics

Attention to Detail

Communication Skills

Negotiation Skills

Education

Bachelor's Degree

CPCU Designation

Tools

Insurance Software

Job description

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! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Compensation Grade: H.SD180

This position is for the newly launched Wholesale Brokerage Property Unit.

The ideal candidate will possess:

• Minimum of 10 years of underwriting experience
• Shared/Layered Property technical expertise/industry knowledge
• Strong mentorship/leadership and training skills
• The ability to evaluate the need for and develop new products
• Experience presenting to senior level stakeholders
• Relationship management experience with large wholesale brokers
• Experience analyzing property portfolio with subsequent action to maximize top and bottom-line growth
• Strong attention to detail and strong desk management and prioritization skills
• Data analytics and business insights skillset as related to market/competitive research
• Experience with broad range of occupancies and account sizes
• Experience evaluating the need for and placing facultative reinsurance
• Ability to effectively collaborate across a broad range of internal and external stakeholders

Remote/Hybrid work location will be strongly considered.

Job Description Summary

Are you a leader who can create, develop and manage a strategy and plan that meets customer service and business goals? If you are driven to achieve top financial goals by managing the insurance underwriting business for a territory or region and seeking opportunities to build and grow business, we want to hear from you!

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 a Director, Brokerage Excess, you will be responsible for the operating results of the assigned territory or region for the Excess Casualty line of business. This includes responsibility for monitoring all aspects of financial management of the assigned territory or region, influencing and managing relationships with brokers, program managers, and other producer channels, including exploring opportunities to drive more business. In this role, it’s essential to monitor trends and manage product issues within the territory or region for all assigned products. You will have the opportunities to participate in the development or revision of territorial or regional strategic plans and objectives. We will also count on you to contribute to the development of territory or region business strategy, execution of the business plan and attainment of goals and financial metrics as outlined in the business plan.

Key Responsibilities:

• Risk Selection: proactively identify new market opportunities and help to drive through cross-functional product development processes. Participate in developing appetite guidelines for assigned territory and guidelines that apply to various risks. Proficiently write the most complex accounts independently. Granted expanded Letter of Authority.

• Technical Underwriting: analyze exposure to loss, develop adequate premium, determine appropriate endorsements and exclusions. Proficient in policy terms/conditions, ability to manuscript coverage forms and understand the implications this will have on claims. Comprehensive understanding of catastrophe modeling. Mentor others with common and complex coverage forms. Analyze and interpret forms/coverages from other carriers and make appropriate recommendations to leader. Participate in research initiatives to enhance Technical Underwriting knowledge of the department. Analyze accounts to make independent recommendations to higher-level underwriters or managers (90% referrals approved as presented). Participate in helping to conduct Quality Control audits.

• Broker Relations: Foster positive business relationships with brokers by maintaining frequent broker contact and developing rapport with brokers. Resolve broker conflicts without management or higher-level underwriter support. Provide recommendations to underwriting leadership regarding broker management. Provide support to others with sales and negotiation. Mentor others on developing and maintaining relationships with brokers.

• Marketing: Independently conduct marketing visits. Drive broker conversations around Brokerage’s appetite, market/competitor conditions, and broker performance. Effectively relay marketing visit outcomes to manager and team and provides recommendations. Mentor others on concepts and skills for successful marketing visits. Take more-junior underwriters along for marketing visits and provides feedback to manager. Identify need for and help coordinate in-market receptions.

• Territory Management: Analyze premium and losses of assigned brokers. Assess quality of broker submissions. Proactively take steps to maintain the book of business (rate, losses, coverage, appetite, etc.) within assigned territory. Examine and understand the underlying factors that are driving trends within the territory and broker performance. Identify the need for and drive broker management conversations (in conjunction with leaders). Recommend solutions to territory management issues. Provide feedback to management regarding strengths and opportunities around team performance.

• Team Development: Find opportunities to develop the skills of others within the division. Demonstrate leadership qualities by consistently showing positive impact on and offering constructive feedback to team members. Act as substitute in lieu of manager for meetings or other ad hoc responsibilities. Contribute to higher-impact projects and initiatives throughout organization.

• Production: Handle submissions of appropriate volume and efficiency, achieve premium and loss ratio goal. Help others on the team to meet their individual production goals.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to AVP. Direct reports include Underwriting professionals. Indirect reports not typically assigned.

Typical Skills and Experiences:

Education: Undergraduate studies in a related discipline, or equivalent. Bachelor’s degree preferred.

License/Certification/Designation: Chartered Property Casualty Underwriter (CPCU) designation preferred.

Experience: Eight years underwriting experience, handling large or complex programs and accounts preferred. Excess & Surplus lines experience preferred.

Knowledge, Abilities and Skills: Knowledge of Excess & Surplus lines underwriting policies, practices and procedures, standard and alternative Rating plans and plan concepts, treaty & facultative reinsurance, regulatory issues, the general agency system, marketing principles and company operations. Ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance. Ability to communicate effectively, verbally, and in writing, inter personally 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 complex problems and develop innovative creative solutions. Exceptional negotiation and communication skills and techniques. Ability to set work priorities that strategically align with departmental objectives. Ability to use/learn job related computer software.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not Eligible)

Working Conditions: Normal office environment. Travel will be required.

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.

We currently anticipate accepting applications until 03/28/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

Benefits

We have an array of benefits to fit your needs, including: 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, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.