Underwriter, Small Market Management Liability - E&S/Specialty (E-Risk Services: Rockaway, NJ)

Job Overview If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, 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 Underwriter position will be starting off working on E&O renewals and will eventually grow to work on new business submissions as well. Position is located in Rockaway, New Jersey with a hybrid schedule: 3 days in‑office at E‑Risk Services and 2 days remote per week. Job Description Summary Are you a critical thinker who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to know more about you! Job Description Under technical direction, assesses a company’s risk profile and determines or negotiates the appropriate pricing, coverage, terms and conditions by analyzing a company’s financial statements, operations, management, industry, government and other information. Includes, but is not limited to, the company’s viability, issues, governance, regulatory environment and experience. Achieves production and loss ratio goals within the assigned territory by reviewing and analyzing claims and loss history and taking appropriate action on individual accounts. The underwriter works independently, developing recommendations and applying judgment based on the financial analysis. Establishes and maintains effective relationships with brokers in order to generate premium dollars and profitably. Territory assignments are somewhat complex in nature concerning coverage and broker relationships. May assist with the research, development and presentation of new programs, forms and manuals. Key Responsibilities Within established guidelines, analyze and review application, financial statements, company management, company prospects, industry prospects, legal structure and outstanding litigation. Determine proper insurance program including layer attachment, terms, conditions, pricing and alternatively decline or non‑renewal of coverage. Service existing and/or new accounts, including quote letter, binders, policy and endorsement issuance. Achieve production and loss ratio goals by analyzing premium and loss results for assigned territory by line of business through sound marketing. Promote company products and programs. Monitor industry trends to stay well-informed of new products, distribution systems, trends and competitor offerings. With supervision, establish and maintain effective relationships with brokers to generate profitable premium dollars. Accompany other underwriters to broker offices as required for marketing visits. Meet brokers to market services and ensure strong relationship to write business. May participate in underwriting meetings with brokers, clients and other underwriters. May Perform Other Responsibilities As Assigned Under supervision, may take on additional tasks as needed. Reporting Relationships Reports to Manager. Serves as individual contributor, no direct or indirect reports. Typical Skills And Experiences Education Undergraduate studies with focus in finance, accounting, economics, and/or risk management. Degree preferred. Experience One or more years related experience as a D&O, EPL and/or E&O Underwriter preferred. Previous business or finance experience helpful. Knowledge, Abilities and Skills General knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Knowledge of financial statements, financial analysis, investments and market conditions essential. Ability to multi‑task, communicate effectively verbally and in writing, interpersonally with individuals at various levels and groups via telephone, fax, e‑mail and in person. Demonstrates effective negotiation skills. 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 supervision. Other criteria, including leadership skills, competencies and experiences may take precedence. Values Regularly and consistently demonstrates the Nationwide Values. Job Conditions Overtime Eligibility: Not Eligible (Exempt) Working Conditions: Normal office environment. Ability to travel locally and overnight for client meetings as needed. ADA: The above statements cover what are generally believed to be the principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties. Benefits We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly‑hired associates receiving a minimum of 18 days paid time off each full calendar year pro‑rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company‑paid pension plan, business casual attire, and more. Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic protected by applicable law. Nationwide pays on a geographic‑specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part‑Time Roles: Please be aware that the salary ranges listed below reflect full‑time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full‑time schedule. The national salary range for Underwriter, Small Market Management Liability - E&S/Specialty : $54,000.00-$100,500.00 The expected starting salary range for Underwriter, Small Market Management Liability - E&S/Specialty : $54,000.00 - $81,000.00 #J-18808-Ljbffr Nationwide