Nationwide Columbus , OH 43216
If you're passionate about becoming a Nationwide associate and believe you have the potential to be something great, let's talk.
Number 54 on the Fortune Magazine 100 Best Places to Work.
ADDITIONAL INFORMATION ABOUT THIS POSTING PLEASE READ CAREFULLY
This position works with our Admitted Small Commercial team brokering risks for BOP, WC, Auto, and
Umbrella lines of business with national insurance carriers. This position requires an Ohio Property and Casualty License within 90 days of hire date.
Compensation Grade: E3
JOB SUMMARY: Under technical direction, accepts, retains, and prices insurance lines in conformance with established underwriting policies, practices and standards of the markets represented in a wholesale operation.
Provides underwriting services, consultation, and training. Exercises authority and judgment on placement of risks. Assigned to a specific agency group(s) to negotiate, place, and service insurance contracts.
Audits underwriting submissions to ensure compliance. Conducts various training sessions with agents on products offered in the Wholesale Operation.
LOCATION: Nationwide Brokerage Solutions (NBS)
REPORTING RELATIONSHIPS: Reports to Manager, Brokerage Placement
CORE JOB DUTIES & RESPONSIBILITIES:
1.Under technical direction, retains, and prices insurance products in nature in conformance with established underwriting policies, practices and standards of the markets represented. Accountable for portfolio management for assigned agents.
2.Partners with agent to secure additional information required to obtain quote. With guidance, determines all applicable contracts and forms. Communicates with carrier's functional areas relating to policy issues, rates, endorsements, corrections or changes.
3.Analyzes, evaluates, and prepares underwriting data and submission documentation according to carrier and brokerage specifications.
4.Monitors the submission process and expedites individual accounts when required. Examines and evaluates underwriting submissions to ensure underwriting guidelines and policy
5.Monitors the need for the development or enhancement of products and/or coverage based on customer feedback. Interacts various business units (i.e. marketing, product, sales, etc.) to achieve company goals and objectives.
6.Maintains knowledge on program changes; responsible for monitoring legislation and regulation that impact assigned agents. Establishes and maintains effective relationships with agents in order to generate premium dollars and profitably.
7.Acts as a resource for training for less experienced staff.
8.Performs other related duties as assigned.
MINIMUM JOB REQUIREMENTS:
Education: Undergraduate studies in business administration or related field of study; degree preferred.
License/Certification/Designation: General insurance-related course / designations preferred (AICPCU, INS, or IAA).
Experience: Three years insurance product experience in underwriting, sales support, or claims.
Understanding of brokerage placement procedure, practices, and processes.
Knowledge of insurance product line(s) specific to assigned business unit, underwriting policies and procedures, and best practices. Familiarity with technical nomenclatures and various state regulations.
Skills/Competencies: Ability to identify, evaluate, analyze, and recommend solutions regarding to insurance needs.
Verbal and written communication skills to interact with internal/external business partners at all levels. Ability to influence and negotiate with internal/external business partners at all levels. Proven organizational skills to effectively prioritize work and act in a consulting role. Ability to use/learn job related 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.
Overtime Eligibility: Not eligible (Exempt)
Working Conditions: Normal office and alternative working environments. Occasional travel.
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: 8/2013 KLG
Additional Job Description
Job ID: 53274