Nationwide Specialist, Underwriting Brokerage E&S Specialty in Scottsdale, Arizona
Nationwide is hiring an Underwriting Brokerage (E&S) Specialist in Scottsdale, AZ. Qualified Candidates MUST HAVE Underwriting (Heavy Commercial Auto) experience and be a Team Player. Truck Transportation &/or E&S experience with an insurance Carrier is preferred.
This position will be within the Brokerage Transportation team.
JOB SUMMARY: Determines individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature with a moderate level of authority. Achieves production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Broker assignments are more complex in nature concerning coverage, and broker relationships. The underwriter works independently with a high level of authority and judgment. Responsible for determining appropriate reinsurance placement, if any, on individual accounts. Fosters positive business relationships with co-workers, brokers and reinsurers. Assists with the research, development and presentation of new products forms and manuals. Assists in the training and mentoring of Underwriters and Underwriting Assistants as requested.
LOCATION: E&S Specialty Brokerage
REPORTING RELATIONSHIPS: Reports to Underwriting Manager. No direct reports
CORE JOB DUTIES & RESPONSIBILITIES:
In partnership with Consultant/Mgr researches market trends, competition and market viability as well as develops an active working partnership with Actuarial, Finance, Claims as appropriate.
- Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract. Within department guidelines places reinsurance, if any, for the account.
- Achieves team/individual production and loss ratio goals with assigned brokers through sound management and marketing. Works with more complex issues concerning coverage. The underwriter continually analyzes premium and loss results of assigned brokers by agency, state, major class of business, etc. Continually assess 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.
- Places 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 reinsurers.
- 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.
- Performs other duties as assigned.
MINIMUM JOB REQUIREMENTS:
Education: Undergraduate studies 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: A minimum of five years as a CL underwriter, excess & surplus lines experience desired.
Knowledge: Knowledge of CL underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Knowledge of Rating plans and plan concepts. Knowledge of Treaty & Facultative reinsurance concepts. Knowledge of the wholesale broker system and company operations. Knowledge of regulatory issues, the general agency system, market conditions and company operations
Skills/Competencies: Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, video conference fax, e-mail and in person. Demonstrates negotiation skills. Ability to manage the assigned line or lines of business, which may include monitoring of aggregates. Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance. Ability to use/learn job related computer software. Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness. Ability to make decisions with minimal supervision.
Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.
Staffing Exceptions to the above Minimum Job Requirements must be approved by the: hiring manager’s leader and HRBP.
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment. Limited travel out of state may be required. In-town entertaining required as necessary after normal business hours
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Job Family/Function: UND/ESU
Job Evaluation Activity: 1/2017 KLG