Nationwide Sr Und, Brokerage E&S Spec (Sr Und, UW Brokerage E&S Spec - Work Comp) in Des Moines, Iowa

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ADDITIONAL INFORMATION ABOUT THIS POSTING – PLEASE READ CAREFULLY

Please note that the job may be filled at the Underwriter Brokerage, E&S Spec level depending on the qualifications and related experience of the chosen applicant.

This position is located in Des Moines, Iowa.

The selected candidate will work exclusively with E&S/Specialty Workers Compensation program business. A candidate with the following skills and knowledge is preferred:

• Strong verbal and written communication skills with both internal and external audiences.

• Ability to navigate difficult conversations, negotiate effectively and create buy-in.

• In-depth knowledge of the Workers Compensation product and business processes.

• Previous Workers Compensation underwriting and/or claims experience.

• CPCU or another underwriting course work strongly desired.

Compensation Grade: E4


JOB SUMMARY: Determines individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of moderate technical complexity and limited authority. Achieves production and loss ratio goals within assigned brokers and program manager by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Within defined parameters may be responsible for determining appropriate reinsurance placement, if any, on individual risks. Fosters positive business relationships with brokers and reinsurers.

Job Description

REPORTING RELATIONSHIPS: Reports to Underwriting Manager. No direct reports.

CORE JOB DUTIES & RESPONSIBILITIES:

  1. Reviews individual risks assigned brokers and either declines or accepts business based upon information necessary to make the decision. Analyze exposure to loss, develop an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.

  2. 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 assess quality of broker submissions and makes corrective action recommendations.

  3. 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.

  4. 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.

  5. 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.

  6. Proactively develops technical and business knowledge through internal and external venues.

  7. Performs other duties as assigned.

MINIMUM JOB REQUIREMENTS:

Education:Undergraduate studies preferred and/or equivalent work experience.

License/Certification/Designation:Completion of general insurance courses such as IIA 21, 22, 23, CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Experience: Minimum of four years related experience or minimum of 2 years experience as an underwriter, prior experience in excess & surplus lines underwriting is desirable.

Knowledge: Knowledge of underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Knowledge of rating plans and concepts. Knowledge of reinsurance concepts. Knowledge of general agency system and company operations.

Skills/Competencies: Ability to communicate effectively, orally, and in writing, inter personally with internal and external individuals and groups via telephone, video conference, fax, e-mail and in person. 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.

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.

JOB CONDITIONS:

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 Evaluation Activity: 1/2017 KLG

Additional Job Description

Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

Job ID: 54957

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