Territory Manager, Construction Services Business Development - Commercial Lines

Nationwide Mutual Insurance Company; Maine; Hybrid; USD 112,000 - 209,000; Full time

Benefits offered by this job

Medical/dental/vision

Life insurance

Disability coverage

401(k) with company match

Job summary

Nationwide Mutual Insurance Company is seeking a Territory Manager, Construction Services Business Development - Commercial Lines. This remote role covers the Northeast territory with travel to agency partners.

You will underwrite, quote, and manage complex commercial accounts while building strong agency relationships and driving growth across lines of business. The position emphasizes underwriting authority, profitability, and collaborative work with sales partners to deliver value to

Qualifications

• Bachelor’s degree or equivalent experience preferred.
• Seven years of underwriting and sales experience in commercial line business.
• Excellent interpersonal and sales skills.

Responsibilities

• Monitor market conditions and competitive landscape.
• Research risk and factors to win the account.
• Quotes and underwrite new and renewal policies, including complex accounts.
• Develop and maintain agency relationships and drive pipeline for territory.
• Travel to key agency relationships within assigned territory.

Skills

Underwriting

Sales

Agency management

Customer relations

Market research

Education

Bachelor’s degree or equivalent experience

Tools

CRM systems

Microsoft Office

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. This is a remote/work-from-home (WFH) production underwriting role that includes travel to key agency relationships within the assigned territory. Territory: TBD but likely a combination of states in the overall Northeast. Preferably, this individual will be based in or close to their respective territory. Qualified candidates must have Commercial insurance underwriting experience (with authority) and a profitability & production orientated lens along with agency management. Additionally: Strong preference for commercial middle market expertise Construction-specific insurance industry experience is ideal Existing relationships with agency partner firms is highly desirable The internal title for this role is Territory Manager, Construction Services Business Development - Commercial Lines. This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.

#LI-MS1 #LI-REMOTE

Job Description Summary

On our team, we look for that rare professional who is both analytical and a relationship-builder. Those who can combine those talents with their entrepreneurial drive and own and manage their territory can thrive and grow with us. If this sounds like the opportunity you've been looking for, we want to hear from you!

Job Description Key Responsibilities

• Monitors market conditions, competitive landscape, and confirms information gathered within market space.
• Researches risk, environment and other factors necessary to win the account.
• Analyzes quality and quantity of risks underwritten and prepares reports.
• May review agency books of business as well as profit/growth results and trends to recommend and implement action plans.
• Analyzes regional underwriting performance experience, identifies problems on a territory level and proposes plans to resolve those situations.
• 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.
• Decisions require review of multiple variables, using agency relationships, inspection reports and evaluation of exceptions.
• Reviews for acceptability and handles those within authority, aligned with underwriting guidelines and standards.
• Manages workflow and intricacies of underwriting assigned work using company tools and systems.
• Ensures file handling quality and workflow efficiency.
• Manages large, complex work and coordinates work with others to meet service level agreements.
• Drives robust agency business planning to deliver detailed performance plans with actions, accountabilities and scheduled performance checkpoints.
• Ensures strong territorial objectives to maximize profit and pipeline management.
• Proactively finds opportunities for all lines of business and refers to appropriate business leaders.
• Plans and coordinates the efforts of the team on new business, renewals, service plans, etc.
• Identifies prospects and recommends new agency appointments.
• Markets Nationwide products and services to help drive agency and company results, including all products that may improve offerings.
• Assists agency with strategies for pipeline management, producer and business development in targeted industries and preferred markets.
• Responds effectively to assess accounts and develop business propositions that win business.
• Consults with agents and internal partners to develop business solutions.
• Shares understanding of organizational capabilities and opportunities to drive maximum value of relationships.
• Consults regarding the appetite, acceptability, terms, conditions, pricing and sales techniques of large or unique business.
• Provides industry trend observations to leadership.
• Consults with agencies regarding risk management and coverage options and to improve retention and profitability.
• Effectively communicates with agencies to establish the company as the provider of choice for the territory for all enterprise products with an emphasis on commercial lines.
• Communicates and collaborates actively with team and leaders to share market intelligence, industry trends, and field underwriting experience.
• Completes agency visits as appropriate to develop new accounts, service existing accounts, review agency performance, and improve agency relationship.
• Develops and maintains strong business relationships with agencies, producers and key groups.
• Leads delivery of appropriate customer service levels.
• Follows up and ensures proper handling of customer service requests.
• Ensures that tools, training and support are in place to positively impact success for the agencies and territory.
• Identifies and communicates training needs and opportunities.
• Participates in program and product orientation meetings with Sales/Marketing partners as the underwriting subject matter authority.
• Proven ability to manage a significant workload effectively and back up others as needed.
• Monitors business plan results to determine performance and development of any action plans to ensure alignment with underwriting philosophies, standards and performance expectations.
• Reviews business in process, lost business and drives implementation of business plan.
• Leads discussion for assigned agents in agency reviews.
• May perform other responsibilities as assigned.

Reporting Relationships

Reports to Manager or Director.

Typical Skills and Experiences

• Education: Bachelor’s degree or equivalent experience is preferred.
• License/Certification/Designation: Relevant professional designation such as CPCU or CIC is preferred.
• Experience: Seven years of progressively more responsible underwriting and sales experience in commercial line business preferred.
• Expertise in markets consistent with our underwriting appetite and product portfolio preferred.
• Knowledge, Abilities and Skills: Thorough working knowledge of commercial underwriting, pricing and coverage for middle market business.
• Knowledge of company sales and underwriting standards and practices company commercial products and programs.
• Knowledge of state statutes and regulations.
• Excellent interpersonal and sales skills.
• Ability to build and maintain cooperative and mutually rewarding internal and external partnerships.
• Must have the ability to perform duties with independent judgment with underwriting authority and company underwriting standards.
• Demonstrated decision-making ability required in day-to-day operations where there may be unclear or competing priorities, including evaluating and recommending solutions to customer service, work processing, underwriting selection and rating and compliance.
• Strong drive for results.
• 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 Human Resources Business Partner.

Values

Regularly and consistently demonstrates Nationwide Values.

Job Conditions

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Heavy travel with extended stays may be required. Most incumbents work from a remote location. A valid driver's license and safe driving record are required.

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

The national salary range for Territory Manager, Construction Services Business Development - Commercial Lines : $112,000.00-$209,000.00

The expected starting salary range for Territory Manager, Construction Services Business Development - Commercial Lines : $112,000.00 - $168,000.00

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. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.

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.

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

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.