Sr Underwriter, Contract Underwriting - E&S/Specialty (P&C Contract Binding)

National Black MBA Association; United States; Remote; USD 70,000 - 100,000; Full time

Job summary

A leading company in the insurance sector seeks a Sr Underwriter to analyze complex risks and provide tailored insurance solutions. The role involves managing individual accounts, achieving production goals, and fostering relationships with agents. Ideal candidates will have relevant experience and a strong educational background in insurance.

Benefits

Medical/Dental/Vision

Life Insurance

Disability Coverage

Paid Time Off

401(k) with match

Pension Plan

Business Casual Attire

Qualifications

• Four years related experience or two years as an underwriter preferred.
• Knowledge of underwriting policies, practices, and insurance law.
• Ability to work independently and manage business lines.

Responsibilities

• Review individual risks and decide to accept or decline based on necessary information.
• Achieve production and loss ratio goals through effective broker management.
• Build and maintain positive relationships with agents and brokers.

Skills

Risk Analysis

Effective Communication

Negotiation

Decision-Making

Education

Undergraduate degree preferred

Completion of general insurance courses (CPCU, CIC, AU, ARM, CPIW, CWIS, ASLI) preferred

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.

Open to remote work in the contiguous US.

This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in theStemOPTExtension program.

Compensation Grade: E.SD80

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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 a Sr Underwriter, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of moderate technical complexity and with limited authority. You will be responsible for achieving production and loss ratio goals within an assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts and/or program or territory. We'll count on you to drive profit and premium to meet financial goals and objectives through developing, negotiating and implementing business plans. 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.

Key Responsibilities:

1. Review individual risks from agents, brokers, or programs, and decide to accept or decline based on necessary information. Analyze exposure, develop adequate premiums, and determine endorsements and exclusions.
2. Achieve production and loss ratio goals through effective broker or territory management. Quote, price, and underwrite new and renewal policies, especially for complex or sensitive accounts. Monitor risk selection and pricing decisions at agency and account levels.
3. Analyze premium and loss results by agency, broker, state, and business class. Audit policies for compliance and develop action plans as needed.
4. Handle policy maintenance, endorsement requests, loss control reviews, and claim activity assessments. Follow up on outstanding information.
5. Build and maintain positive relationships with agents and brokers through regular contact, visits, and marketing efforts. Support agency strategies for growth, retention, and service capabilities.
6. Place reinsurance within department guidelines and maintain good relationships with reinsurers.
7. Market Nationwide products and services, assist with pipeline management, producer development, and new business strategies.

Other responsibilities may be assigned.

Reporting Relationships: Reports to Underwriting Manager.

Typical Skills and Experiences:

Education: Undergraduate degree preferred; equivalent work experience considered.

License/Certification/Designation: Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI preferred.

Experience: Four years related experience or two years as an underwriter, excess & surplus lines preferred.

Knowledge, Abilities and Skills: Knowledge of underwriting policies, practices, insurance law, marketing principles, rating plans, reinsurance concepts, agency systems, regulatory issues, and market conditions. Effective communication, negotiation, risk analysis, and decision-making skills. Ability to work independently and manage business lines.

Values: Demonstrates Nationwide Values consistently.

Job Conditions:

Overtime eligible: No (Exempt)

Working conditions: Normal office environment, occasional out-of-state travel, evening entertaining as necessary.

Benefits:

Includes medical/dental/vision, life insurance, disability coverage, paid time off, holidays, 401(k) with match, pension plan, business casual attire, and more. For details, click here.

Nationwide is an equal opportunity employer committed to diversity and inclusion. We prohibit discrimination and harassment and provide equal employment opportunities regardless of protected characteristics.