Underwriting Assistant
Location:
Chicago , Illinois
Posted:
October 19, 2017
Reference:
109497770
#underwriting

#veteran

#diversity

#privateclient

#nationwide

**ADDITIONAL INFORMATION - PLEASE READ CAREFULLY**

The information between the asterisks contains specific information about this position while the information after the asterisks contains general information about jobs in this job family at Nationwide.

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Please note that this position may be filled at either the Underwriter PL or Associate Underwriter PL level, depending on the qualifications and related experience of the chosen applicants.

Reports to Maria Vittorio

Nationwide Private Client Insurance is a bold insurance company dedicated to the development of our associates, unlocking profitable growth opportunities for our agents and brokers while working relentlessly to meet the distinctive coverage and service needs of our clients. We measure our success by the relationships we build and the trust we earn.

Nationwide Private Client Insurance is a Nationwide company that services the affluent market and holds a rating of A+ from both A.M. Best and Standard & Poor's.

Who We Are: In looking for new and innovative ways to help consumers achieve their financial goals, Nationwide Private Client Insurance was created to serve the affluent and high net worth market for Personal Insurance. We seize opportunities, we are relentless on our clients' behalf, we listen and adapt to our agents and we respect their time. Say "yes" to Nationwide Private Client Insurance!

Will support more senior underwriters from our Rosemont, IL location.

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JOB SUMMARYResponsible for an assigned underwriting territory to identify business trends, ensure profitability and build agency relationships. Manages case and account underwriting (new and renewal policies) of lower value/complexity within a territory of independent agencies. Under supervision, works within specific limits and authority on assignments of moderate technical complexity. May serve as primary contact for portfolio profitability and growth management action plans and partners with sales and claims, or may support the portfolio underwriting efforts within assigned territory.

REPORTING RELATIONSHIPSUnderwriting Manager or Director. No direct reports.

CORE JOB DUTIES & RESPONSIBILITIES:

+ Researches agency, district, and market data for assigned underwriting territory to identify business trends and opportunities for profitable growth. Obtains data/information from published sources, company data bases, and partnerships with sales, claims, agency or other contacts.

+ With direction from technical expert, reviews and analyzes existing reports and profitability measures to develop creative and profitable business recommendations for agency and market. Develops written portfolio management reports/action plans for joint implementation with sales to drive profit and growth results or may support the portfolio management plans within assigned territory. Links knowledge of products, competitors, appropriate business mix, state statutes, rate structure, and underwriting guidelines to develop and/or support action plans.

+ Makes appropriate new business and renewal policy level underwriting decisions based on analysis, experience, and judgment in accepting, modifying or rejecting risks. Reviews and considers business loss experience, investigative reports, claims activity, file information and nature of risks, etc. in reaching sound decisions. Understands and adheres to filed rating plans.

+ Makes account underwriting decisions based on agency history, policyholder's tenure, number of accounts, claims history, and long-term performance indicators.

+ Accountable for the proper classification of risks to ensure the matching of price and product to the customer. Is skilled at interpreting and using approved classification systems, rating plans and selection standards to determine eligibility, desirability and proper classification/pricing benchmarks for assigned product lines.

+ Contributes to overall field planning process as directed.

+ Consults with assigned agency force regarding business results, trends, competitor information, clarification of requests, explanation of underwriting actions, problem solving and application of portfolio management action plans as appropriate.

+ Manages the communication process between underwriting and agencies, including but not limited to, decisions regarding individual account and book level issues, situations and revisions. Educates contacts on how to find answers to assist in streamlining communications.

+ Communicates with appropriate internal parties about any system or underwriting process concerns.

+ Partners with sales management in implementing and driving profitable solutions for all lines of business submitted in assigned territory/underwriting district. Supports, and may participate in, agency reviews.

+ Builds and enhances the agency relationship by making contact that conveys interest in the agency's needs and goals. Completes all transactions within the service level agreement goal. Assists in providing agency staff with education when necessary.

+ Performs other duties as assigned.

MINIMUM JOB REQUIREMENTSEducation: Undergraduate degree in business administration, insurance, risk management, economics or finance preferred.

License/Certification/Designation: Actively pursuing of CPCU or other related insurance certification desirable.

Experience: Minimum of one year experience in underwriting or successful completion of underwriting training program. Risk Management related or advance business degree may be considered in lieu of work experience.

Knowledge: Standard business policies, practices and procedures. General understanding of basic analytical and financial techniques. Maintains an understanding and adheres to state specific statutes involving underwriting, applicable insurance laws and regulations.

Skills/Competencies: Excellent written and verbal communications skills are necessary to present information to agents and sales managers. Working knowledge of Excel and other analytical tools to evaluate data. Role may require strong knowledge of company data warehouse tools and related systems. Key competencies include: business acumen, functional/technical skills, command skills, interpersonal savvy, negotiating, problem solving, drive for results, managing and measuring work, customer focus, and decision quality.

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 CONDITIONSOvertime Eligibility: Exempt (Not Eligible)

Working Conditions: Normal office environment. Extensive time working on personal computer. May require valid driver's license.

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 Family/Function: UND/PRCJob Evaluation Activity: KMP 8-2015

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