Sr Underwriter, Brokerage Excess - E&S/Specialty (Construction) at Nationwide

Arizona, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property and CasualtyIndustries

Requirements

Undergraduate studies preferred and/or equivalent work experience
Completion of general insurance courses such as IIA 21, 22, 23, CPCU, CIC, AU

Responsibilities

Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. Analyzes exposure to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract
Achieves team/individual production and loss ratio goals with assigned brokers through sound broker management and marketing. Continually analyzes premium and loss results with assigned brokers by state, major class of business, etc. Continually assesses quality of broker submissions and makes corrective action recommendations
Handles policy maintenance items and other mid-term requests. Reviews endorsement requests and processes necessary changes to the policy. Reviews loss control reports and makes recommendations to the broker and/or changes to the policy. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action
Within defined parameters may place reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Maintains good working relationship with re-insurers
Fosters positive business relationships with brokers, through frequent contact. Develops and maintains good rapport and resolves broker conflicts. Travels to broker offices as required for training or marketing visits. Entertains brokers visiting the Company as required. Assists with development of marketing ideas and strategies for Underwriting events and other marketing campaigns
Proactively develops technical and business knowledge through internal and external venues
May perform other responsibilities as assigned

Skills

Key technologies and capabilities for this role

UnderwritingRisk AnalysisExcess CasualtyClaims ReviewLoss Ratio ManagementReinsuranceBroker RelationshipsPricingCoverage TermsConstruction Insurance

Questions & Answers

Common questions about this position

Is this underwriting position remote?

Yes, this is a remote position.

What are the key responsibilities of the Senior Underwriter role?

Key responsibilities include reviewing individual risks to accept or decline business, analyzing exposures to set premiums and terms, achieving production and loss ratio goals with brokers, handling policy maintenance and endorsements, reviewing claims and loss control reports, and placing reinsurance within guidelines.

What is the company culture like for this team?

The team operates in a fast-paced environment with a collaborative, team-oriented culture in an always-changing, growing industry.

What salary or compensation is offered for this position?

This information is not specified in the job description.

What skills or qualities make a strong candidate for this role?

Strong candidates are critical thinkers who analyze complex risks, take initiative, use analytical and creative abilities for sound decisions, and have a passion for helping people solve challenges while managing brokers effectively.

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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