Specialist – Management Liability Underwriting – Crime & Fidelity E&S/S
| Company | Nationwide |
|---|---|
| Location | Stanhope, NJ, USA, Rockaway, NJ, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- 5+ years of experience underwriting New Business D&O/EPL and Crime
- Strong foundation with financials
- In-depth knowledge of lines underwriting policies, practices and procedures specific to D&O, EPL, Fiduciary, E&O, and Crime insurance products
- In-depth knowledge of financial documents, financial analysis, investments, market conditions
- Ability to communicate complex underwriting concepts
- Ability to multi-task, communicate effectively, verbally, and in writing
- Demonstrates advanced negotiation skills
- Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance
- Knowledge of related computer software
- Ability to make decisions without supervision
Responsibilities
- Analyze and review application, financial documents, 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
- Servicing of existing and/or new accounts, including quote letter, binders, policy & endorsement issuance
- Handle complex policy maintenance items and other mid-term requests
- Achieve production and loss ratio goals by analyzing premium and loss results for assigned territory by line of business through sound marketing
- Monitor industry trends to stay well-informed of new products, distribution systems, trends, competitor offerings, emerging business and legal trends impacting management liability exposure
- Establish and maintain effective relationships with brokers in order to generate profitable premium dollars
- Communicate with key underwriting personnel on all operational levels
Preferred Qualifications
- Undergraduate studies with focus in finance, accounting, economics, and/or risk management preferred
- Five or more years related experience as a D&O, EPL and/or E&O Underwriter preferred
- Previous business or finance experience helpful
- Legal knowledge related to insurance, contract and business law preferred