Specialist, Contract Underwriting - E&S/S (Portfolio Underwriting & Optimization)

Nationwide Mutual Insurance Company; Arizona; Hybrid; USD 84,000 - 156,000; Full time

Benefits offered by this job

Medical/dental/vision

Life insurance

Disability coverage

Paid time off

Holidays

Job summary

Nationwide Mutual Insurance Company is seeking an Underwriting Specialist for Contract Underwriting – E&S/Specialty. The role focuses on risk assessment, pricing, and reinsurance decisions for complex commercial lines.

You will collaborate with agents, program managers, and product teams to drive profitability and portfolio quality. The position requires strong underwriting expertise, data analysis, and experience with E&S/P&C.

Qualifications

• Six years related experience or five years as an underwriter, excess & surplus lines preferred.

Responsibilities

• Reviews risks with assigned agents or programs and accepts or declines business.
• Analyzes exposures to loss and determines appropriate premium, endorsements, and exclusions.
• Places reinsurance for the account when appropriate.
• Achieves production and loss ratio goals within the territory.

Skills

Underwriting expertise

Data analysis

Negotiation skills

Communication skills

Project management

Education

Undergraduate degree preferred

Tools

Underwriting systems

Job description

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, 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 and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Portfolio Underwriting & Optimization is a specialized department within the Contract Property & Casualty underwriting organization. The PUO team is responsible for driving profitable growth through strategic book management by applying technical underwriting expertise and various data driven analysis with the goal to identify and deliver underwriting actions that align with business strategy.

General responsibilities for a PUO underwriter include the following:

• Management/assisting of assigned LOB/segment and identifies, coordinates, and delivers on product, appetite, and pricing optimization changes to the portfolio
• Ensuring rate strategy implementation and execution for assigned LOB/segment
• Utilize data tools, reporting and external resources and publications to identify trends and make recommendations to improve profitability
• Collaborate with underwriting and agency partners to solicit feedback on new product and program opportunities
• Collaborate with Product and technology partners to drive successful implementation of product enhancements in underwriting systems and ensure system behavior supports underwriting intent
• Collaborate with Product on the design and development of new forms and standalone product/program offerings
• Provide recommendations for future audits based on existing portfolio trends or retrospective portfolio reviews
• Participate in claims roundtables, agency visits/agency calls to proactively identify, research and solution for trends/opportunities in assigned segment(s)
• Attending industry conferences and events
• Assist/manage Alternative Distribution book as needed

The candidate for this role should have 6 years related experience or 5 years as an Underwriter and should have prior experience in Commercial P&C Excess & Surplus lines underwriting with:

• Commercial E&S P&C underwriting and product knowledge
• Ability to identify, manage and solution for trends within a book of business
• Understanding of underwriting operations and underwriting systems
• Familiarity with ISO and other industry resources
• Data analysis and identifying an impact on book performance
• Manage projects and prioritize multiple tasks under tight deadlines
• Be a self-starter who takes initiative to improve quality, processes, and communication
• Be a proficient communicator and have the skills and ability to explain a complex concept to a broad audience
• Effective in managing ambiguity with the ability to operate under limited direction
• Have strong rapport with other departments and collaborate with them on project work
• Accountable for performance of subset/segment of larger vertical

This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.

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! 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 Underwriting Specialist in Contract you determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the assigned line of business.

In addition, you’ll achieve production and loss ratio goals with assigned general agents or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. General agent assignments are more complex in terms of coverage and general agent relationships. It’s important to establish and maintain effective relationships with general agents to generate premium dollars and profitability. You will work independently with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. We will count on you to foster positive business relationships with co-workers, general agents and reinsurers. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.

Job Description Key Responsibilities

• Reviews individual risks with assigned agents or programs within assigned territory and either declines or accepts business based upon information necessary to make the decision.
• The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure and determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.
• Within department guidelines, places reinsurance, if any, for the account.
• Achieves individual production and loss ratio goals within assigned territory through sound territory management and marketing.
• Achieves production, profitability and service objectives.
• Quotes, prices and underwrites new and renewal policies and endorsements, primarily for complex or service sensitive accounts.
• Monitors risk selection and pricing decisions for entire agency plant, both on a book of business and individual account level basis.
• Works with more complex issues concerning coverage, programs, agents and program managers.
• The underwriter continually analyzes premium and loss results in their territory or assigned agents by agency, state, major class of business and by program.
• Continually assess quality of submissions and makes corrective action recommendations.
• 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.
• May review agency books of business as well as profit/growth results and trends to recommend and implement action plans.
• Fosters positive business relationships with general agents 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.
• 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.
• Markets Nationwide products and services to help drive agency and company results, including all enterprise products that may enhance offerings.
• Assists agency with strategies for pipeline management, producer development and to develop new business in targeted industries and preferred markets.
• Responds effectively to assess accounts and develop business propositions that win the business.
• Other responsibilities as assigned may include program research and development, form development, rate development, technical assistance to Agents, Underwriting Assistants, and other Underwriters.
• Proactively develops technical and business knowledge through internal and external venues.
• May perform other responsibilities as assigned.

Reporting Relationships

Reports to Department Manager

Typical Skills and Experiences

Education

Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.

License/Certification/Designation

Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Experience

Six years related experience or five years as an underwriter, excess & surplus lines preferred.

Knowledge, Abilities and Skills

• Knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques, rating plans and plan concepts, Treaty & Facultative reinsurance concepts, general agency system and company operations, regulatory issues, the general agency system, market conditions and company operations.
• Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in person.
• Demonstrates advanced negotiation skills.
• Ability to manage the assigned line or lines of business, which may include monitoring of aggregates.
• 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.
• Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness.
• Ability to make decisions with minimal supervision.
• Other criteria, including leadership skills, competencies and experiences may take precedence.

Values

Regularly and consistently demonstrates Nationwide Values.

Job Conditions

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment.

Travel out of state as required several times a year.

In-town entertaining required as necessary after 5:00 P.M.

We currently anticipate accepting applications until 09/25/2026. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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
• and more

To learn more about the benefits we offer.

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.

This position could be filled within any of the lower 48 U.S. states.

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. For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

NOTE TO EMPLOYMENT AGENCIES

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.

The national salary range for Specialist, Contract Underwriting - E&S/Specialty - 111564 : $84,000.00-$156,000.00

The expected starting salary range for Specialist, Contract Underwriting - E&S/Specialty - 111564 : $84,000.00 - $126,000.00

At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can feel the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're a great place to work, too, and let us know – can you see yourself at Nationwide?

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.