Specialist, Contract Underwriting - E&S/Specialty - Portfolio Underwriting & Opt
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.
Specialist Underwriter - Planning Unit Operations (PUO)
Portfolio Underwriting & Optimization is a specialized department within the Contract Property & Casualty underwriting organization. The PUO team is responsible for driving profitable growth through strategic book management by applying technical underwriting expertise and various data driven analysis with the goal to identify and deliver underwriting actions that align with business strategy.
General responsibilities for a PUO underwriter include the following:
- Management/assisting of assigned LOB/segment and identifies, coordinates, and delivers on product, appetite, and pricing optimization changes to the portfolio
- Ensuring rate strategy implementation and execution for assigned LOB/segment
- Utilize data tools, reporting and external resources and publications to identify trends and make recommendations to improve profitability
- Collaborate with underwriting and agency partners to solicit feedback on new product and program opportunities
- Collaborate with Product and technology partners to drive successful implementation of product enhancements in underwriting systems and ensure system behavior supports underwriting intent
- Collaborate with Product on the design and development of new forms and standalone product/program offerings
- Provide recommendations for future audits based on existing portfolio trends or retrospective portfolio reviews
- Participate in claims roundtables, agency visits/agency calls to proactively identify, research and solution for trends/opportunities in assigned segment(s)
- Attending industry conferences and events
- Assist/manage Alternative Distribution book as needed.
The candidate for this role should have 6 years related experience or 5 years as an Underwriter and should have prior experience in Commercial P&C Excess & Surplus lines underwriting with:
- Commercial E&S P&C underwriting and product knowledge
- Ability to identify, manage and solution for trends within a book of business
- Understanding of underwriting operations and underwriting systems
- Familiarity with ISO and other industry resources
- Data analysis and identifying an impact on book performance
- Manage projects and prioritize multiple tasks under tight deadlines
- Be a self-starter who takes initiative to improve quality, processes, and communication
- Be a proficient communicator and have the skills and ability to explain a complex concept to a broad audience
- Effective in managing ambiguity with the ability to operate under limited direction
- Have strong rapport with other departments and collaborate with them on project work
- Accountable for performance of subset/segment of larger vertical
*This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.*
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 hear from you!
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