Nationwide Insurance Jobs – Sr Underwriter

Website Nationwide

Job Description:

Markets, manages and underwrites new, profitable surety business production, through direct and in person contact with select agencies or brokers. Drives profit and premium to meet financial goals and objectives through development, negotiation and execution of business plans. Collaborates with internal partners to extract new business from the agency force to review, quote, inspect and issue. Expands and enhances agency/company relationships for the purposes of writing new business. Under limited direction, underwrites accounts based on authority level granted to the role and underwriting appetite. Authority is granted based on experience and expertise.

Job Responsibilities:

  • Analyzes quality and quantity of risks underwritten and prepares reports accordingly.
  • Accurately evaluates complex risk exposures and ensures review of financial documents, credit reports, bank and other underwriting documents.
  • Key contributor to robust agency business development planning discussions.
  • Develops annual DWP goals with assigned agents and develops plans in partnership with agents to achieve annual production goals.
  • Effectively communicates with agencies to establish the company as the surety provider of choice for the territory.
  • Communicates product, technology changes and company objectives.
  • Communicates and collaborates actively with leadership to share industry trends and field underwriting experience.
  • Accepts, rejects, or modifies new commercial lines business to ensure profitability.
  • Prices business according to company underwriting and pricing guidelines, and ensures standards for timelines are met.
  • Reviews for acceptability and handles those within authority using company underwriting guidelines and standards.
  • Completes agency visits, as appropriate, to develop new accounts, service existing accounts, review agency performance and enhance agency relationship.
  • Establishes and maintains strong business relationships with agencies, producers and key groups.
  • Markets surety products to help drive agency and company results.
  • Assists agency with strategies for pipeline management and to develop new business in targeted industries and preferred markets.
  • Responds effectively to assess accounts and develop business propositions to win the business.
  • Makes accurate assessments of future agency potential and is able to communicate/discuss the assessment with agency partners in a positive and professional manner.
  • Consults with agents, accounts and internal partners to resolve business issues and makes recommendations based on findings.
  • Shares understanding of organizational capabilities and opportunities to drive maximum value of relationships. Consults regarding the appetite, acceptability, terms, conditions, pricing and sales techniques of large or complex accounts.
  • Provides industry trend observations to leadership.
  • Manages workflow and intricacies of underwriting more complex assigned work, utilizing company tools and systems to meet service level agreements.
  • Ensures file handling quality and workflow efficiency with a thorough understanding of overall surety strategic direction and operating plans.
  • Leads delivery of appropriate customer service levels. Follows up and ensures proper handling of advanced customer service requests.
  • Monitors market conditions, competitive landscape, and confirms information gathered within market space.
  • Researches risk, environment and factors necessary to win the account.
  • Additional and more complex research may be required to appropriately assess more complex accounts.

Job Requirements:

  • Undergraduate degree in business or a related field preferred.
  • Other criteria, including leadership skills, competencies and experiences may take precedence.
  • Five years experience in surety underwriting preferred.
  • Knowledge of Surety’s overall strategic direction and plan, including goals and objectives to achieve profit and growth.
  • Requires advanced knowledge on all aspects of surety underwriting practices, procedures, policies, and company Excellent interpersonal and sales skills, including ability to make presentations and meet with all levels of agency personnel.
  • Ability to build and maintain cooperative and mutually rewarding internal and external partnerships.
  • Must have the ability to perform duties with independent judgment with underwriting authority and company underwriting standards.
  • Demonstrated decision making ability and strong drive for results.

Job Details:

Company: Nationwide

Vacancy Type:  Full Time

Job Location: Texas, United States

Application Deadline: N/A

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