Underwriter, Contract Underwriting - E&S/Specialty
Nationwide, Scottsdale, Arizona, us, 85261
Job Conditions
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. Candidates with 1-2 years desk experience as an Insurance Underwriter strongly preferred. Excess and Surplus/Specialty underwriting a plus. Candidates local to Phoenix area ideal for on-site training purposes - option to be remote thereafter a possibility. Work hours based on customer time zone (i.e. may be EST or CST).
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!
Key Responsibilities
In partnership with underwriting (UW) leader / team member, reviews individual risks from agents or brokers or programs, determines appropriate endorsements and exclusions, and accepts or declines business based on sufficient information.
Achieves team and individual production and loss ratio goals through effective broker, territory management and marketing; recommends corrective actions and follows up on outstanding information.
Quotes, prices and underwrites new and renewal policies and endorsements, primarily for complex or service-sensitive accounts; monitors risk selection and pricing decisions for the agency plant at the book of business and individual account level.
Continually analyzes premium and loss results by agency, broker, state, major class of business and program; audits individual policies for compliance; develops and implements action plans as needed.
Handles policy maintenance items and other mid-term requests, reviews endorsement requests, processes necessary changes to policies, reviews loss control reports, recommends changes to agents, and follows up on outstanding information; reviews claim activity and takes appropriate action.
Fosters positive business relationships with agents and brokers through daily contact, resolves agency conflicts, travels for audits, training or marketing visits, entertains visiting agents, and aids in developing marketing ideas and strategies for underwriting seminars and other campaigns; strengthens internal and external relationships to promote profit, new business growth, renewal retention and service capabilities.
Proactively develops technical and business knowledge through internal and external venues.
Markets Nationwide products and services to help drive agency and company results, including all enterprise products that may enhance offerings; assists agencies with pipeline management, producer development, and developing new business in targeted industries and preferred markets; responds effectively to assess accounts and develop business propositions that win the business.
Reporting Relationships Reports to Underwriting 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: Three years related experience or prior experience 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, and market conditions. Ability to communicate effectively, orally and in writing, with individuals and groups via telephone, fax, e‑mail and in person. Demonstrates advanced negotiation skills. Ability to manage assigned lines of business, monitor aggregates, work with wholesale/general agency distribution, analyze insurance risks to determine acceptability, use/learn job-related computer software, devise business solutions, and implement and monitor their effectiveness. Ability to make decisions with minimal supervision. 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 HR Business Partner.
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.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or requisition some people assigned to the job to perform a somewhat different combination of duties.
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.
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.
Compensation 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. The national salary range for Underwriter, Contract Underwriting - E&S/ Specialty : $54,000.00-$100,500.00. The expected starting salary range for Underwriter, Contract Underwriting - E&S/ Specialty : $54,000.00 - $81,000.00.
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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!
Key Responsibilities
In partnership with underwriting (UW) leader / team member, reviews individual risks from agents or brokers or programs, determines appropriate endorsements and exclusions, and accepts or declines business based on sufficient information.
Achieves team and individual production and loss ratio goals through effective broker, territory management and marketing; recommends corrective actions and follows up on outstanding information.
Quotes, prices and underwrites new and renewal policies and endorsements, primarily for complex or service-sensitive accounts; monitors risk selection and pricing decisions for the agency plant at the book of business and individual account level.
Continually analyzes premium and loss results by agency, broker, state, major class of business and program; audits individual policies for compliance; develops and implements action plans as needed.
Handles policy maintenance items and other mid-term requests, reviews endorsement requests, processes necessary changes to policies, reviews loss control reports, recommends changes to agents, and follows up on outstanding information; reviews claim activity and takes appropriate action.
Fosters positive business relationships with agents and brokers through daily contact, resolves agency conflicts, travels for audits, training or marketing visits, entertains visiting agents, and aids in developing marketing ideas and strategies for underwriting seminars and other campaigns; strengthens internal and external relationships to promote profit, new business growth, renewal retention and service capabilities.
Proactively develops technical and business knowledge through internal and external venues.
Markets Nationwide products and services to help drive agency and company results, including all enterprise products that may enhance offerings; assists agencies with pipeline management, producer development, and developing new business in targeted industries and preferred markets; responds effectively to assess accounts and develop business propositions that win the business.
Reporting Relationships Reports to Underwriting 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: Three years related experience or prior experience 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, and market conditions. Ability to communicate effectively, orally and in writing, with individuals and groups via telephone, fax, e‑mail and in person. Demonstrates advanced negotiation skills. Ability to manage assigned lines of business, monitor aggregates, work with wholesale/general agency distribution, analyze insurance risks to determine acceptability, use/learn job-related computer software, devise business solutions, and implement and monitor their effectiveness. Ability to make decisions with minimal supervision. 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 HR Business Partner.
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.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or requisition some people assigned to the job to perform a somewhat different combination of duties.
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.
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.
Compensation 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. The national salary range for Underwriter, Contract Underwriting - E&S/ Specialty : $54,000.00-$100,500.00. The expected starting salary range for Underwriter, Contract Underwriting - E&S/ Specialty : $54,000.00 - $81,000.00.
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