Consultant, Field Underwriter - Small Commercial (IL/WI) at Nationwide

Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property and CasualtyIndustries

Requirements

Bachelor’s degree required
Reside in the geography served by this position (IL/WI)
Passionate about helping people protect what matters most, innovating, and simplifying processes for customer value
Experience and qualifications suitable for the role level (position may be filled at a different level based on this)
Ability to travel regularly and conduct in-person meetings

Responsibilities

Independently underwrite and price the most complex and specialized commercial risks within expanded authority levels while promoting a steady flow of lower-premium and complexity new business, applying advanced judgment and technical expertise for profitable growth
Perform in-depth risk analysis using financials, loss control reports, industry trends, and predictive data models; provide consultative guidance to field underwriters and agents on risk mitigation and coverage solutions
Manage a field underwriting territory focused on new business production, ensuring alignment with underwriting strategy, business mix, and profitability goals; identify trends and recommend adjustments to underwriting approach or appetite; serve as primary point of contact for consolidation or transfer opportunities within an agency
Build and maintain strong relationships with key agency partners; conduct regular in-person meetings and embed/quote within agency offices; provide expert support in complex negotiations and coverage discussions; participate with Territory Managers in strategic planning to drive mutual success; identify and drive business development and issue resolution opportunities
Monitor market developments, emerging risks, and competitor activity; contribute feedback to Portfolio Management and Technical Underwriting to influence underwriting guidelines, tools, and practices
Serve as a technical resource and informal mentor to field underwriters; share best practices and support skill development
Partner with Territory Managers and Learning & Development to conduct product orientation and training for agents and internal teams; provide feedback on product performance and market fit
May perform other responsibilities as assigned
Drive profitable Small Commercial new business growth for assigned agencies within local geography (IL/WI)

Skills

Commercial Underwriting

Risk Analysis

Financial Analysis

Loss Control

Predictive Analytics

Industry Trends

Underwriting Authority

Agency Consultation

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Columbus, OhioHeadquarters

1925Year Founded

$769.7MTotal Funding

N/ACompany Stage

Consulting, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.

AI-driven platforms like Planck could disrupt traditional insurance models.

Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.

Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.

Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.

Investments in AI and tech platforms could streamline operations and reduce costs.

Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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