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

Nationwide Insurance; United States; Remote; USD 46,000 - 97,000; Full time

Job summary

Nationwide Insurance is seeking an Underwriter to analyze complex risks and provide insurance solutions. This role involves determining risk acceptability, pricing, and fostering relationships with agents. Candidates should have at least three years of experience in underwriting, preferably in excess & surplus lines. The position offers a competitive salary and benefits, with opportunities for growth in a collaborative environment.

Benefits

Health insurance

Paid time off

401(k)

Pension

Business casual attire

Qualifications

• Undergraduate degree preferred; equivalent work experience considered.
• Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
• At least three years related experience or prior underwriting experience, especially in excess & surplus lines.

Responsibilities

• Review individual risks and decide to accept or decline based on necessary information.
• Quote, price, and underwrite new and renewal policies.
• Maintain positive relationships with agents and brokers.

Skills

Knowledge of underwriting policies

Insurance law

Rating plans

Reinsurance concepts

Effective communication

Negotiation skills

Risk analysis

Decision-making

Education

Undergraduate degree

Tools

Relevant 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.

Open to remote work in the contiguous US.

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

#LI-CL1

#LI-Remote

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 Underwriter, you will determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of basic technical complexity and with limited authority. You will be responsible for achieving production and loss ratio goals with or without 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.

Job Responsibilities

1. Review individual risks from agents, brokers, or programs, and decide to accept or decline based on necessary information. Analyze exposures, develop premiums, and determine endorsements and exclusions.
2. Achieve team/individual goals through broker management, territory management, and marketing. Handle policy maintenance and endorsement requests, review loss control reports, and follow up on outstanding information.
3. Quote, price, and underwrite new and renewal policies, monitoring risk selection and pricing decisions for entire agency plant and individual accounts.
4. Analyze premium and loss results by various segments, audit policies for compliance, and develop action plans as needed.
5. Maintain positive relationships with agents and brokers through regular contact, visits, and marketing strategies. Develop technical and business knowledge continuously.
6. Market Nationwide products, assist in pipeline management, producer development, and new business development.

Other responsibilities may be assigned.

Qualifications

Education: Undergraduate degree preferred; equivalent work experience considered.

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

Experience: At least three years related experience or prior underwriting experience, especially in excess & surplus lines.

Skills: Knowledge of underwriting policies, insurance law, rating plans, reinsurance concepts; effective communication; negotiation skills; risk analysis; proficiency with relevant software; decision-making with minimal supervision.

Additional Information

Values: Demonstrates Nationwide Values regularly and consistently.

Working Conditions: Normal office environment, with travel as required, including out-of-state trips and evening entertainment.

Salary Range: $46,800.00-$96,800.00; typical starting range $52,000.00 - $78,000.00, depending on skills and experience.

Benefits include health insurance, paid time off, holidays, 401(k), pension, business casual attire, and more. For details, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to an inclusive culture. Discrimination and harassment are prohibited.