Specialist Underwriter, Specialty Brokerage - Excess Casualty

Location: New York

If you’re passionate about helping people protect what matters most to them, 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.

This role will work underwriting National Account new and renewal excess general casualty business including negotiating price, terms and conditions with retail broker partners while proactively managing capacity, risk appetite and profitability. Preferred risk profile targets customers with 250M or more in revenue, with emphasis on Fortune 500 companies.

Our broker partners are extremely important to our underwriting model and success; we are seeking someone with the ability to develop as well as strengthen relationships and a strong market facing presence.

This position will be hybrid with 2 days per week in our NY Battery Park Plaza office required.#LI-CL1
** Job Description Summary
** Our Excess & Surplus/Specialty (E&S/S) lines allow us to provide insurance that other carriers may not offer. It’s a fast-paced environment in a collaborative, team-oriented culture, working in an always-changing, growing industry.
As an Underwriting Specialist in Specialty Brokerage Excess you determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Excess Casualty line of business. In addition, you’ll achieve 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 terms of coverage and broker relationships. You will work independently with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. We will count on you to foster positive business relationships with co-workers, brokers and reinsurers. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.
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* Key Responsibilities:

*** In partnership with Consultant/Manager researches market trends, competition and market viability as well as develops an active working partnership with Actuarial, Finance and 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…