Sr Director, Commercial Surety Underwriting & Business Development - National Bond Center
Nationwide
- Location
- Iowa
- Work model
- On-Site
- Level
- Staff
About this role
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. Position will lead the profitable growth of the National Bond Center Small Commercial Surety West Team. *This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.* #LI-CL1 #LI-Remote Job Description Summary Do you thrive in an environment where you can put your critical thinking and communication skills to work every day? Do you appreciate being able to contribute individually as well as collaboratively? Our Surety Underwriting team values initiative, the ambition to grow and learn, a broad skill set that includes everything from marketing to finance to risk analysis and a solutions focused approach. We’re technology savvy and highly motivated to grow our business with excellent career advancement opportunities. If you can see yourself as a member of our team, in a company that wants to grow in this space, then we want to know more about you! Single point of contact for regional leaders; supports the surety underwriting team by setting strategy and guidelines to support production and profitability goals as well as to help identify and develop overall marketing strategy. Works with regional underwriting teams on the largest, most complex accounts. Deepens relationships with key agents and large accounts.
Job Description
Key Responsibilities: Conducts detailed research on all aspects of the surety underwriting market segment to help make policy and practice decisions. Gathers information from multiple sources according to company guidelines, in order to perform underwriting analysis. May require gathering verbal information or data through reports or other electronic means. Analyzes performance of portfolio as well as individual account performance and develops appropriate action to drive growth based on analysis. Evaluates the largest and most complex underwriting risks in the assigned market segment. Prepares files for review by Surety officer for accounts outside of NSF authority limits or reinsurance treaty exceptions. Manages underwriting processes of regional office staff, developing and implementing standard methodologies, seeking continuous improvement and efficiency gains. Manages underwriter authority statements, recommending authority levels to AVP. Tracks monthly production activity to provide DWP growth estimates to leadership. Helps develop state expansion plans, including rate filings, system availability and agent segmentation and appointment process. Leads annual agent segmentation process to help identify Premier and Partner agents to help develop underwriter focus and create individual marketing plans. Supports directors with underwriting activities, providing guidance and support. Leads underwriting file audits, reporting findings and suggestions to directors and AVP. Provides support for annual production goals by region and state. Participates in annual budget forecasting. Works with P&C sales and underwriting groups to align strategies to support enterprise growth. Provides industry updates; including competitive intelligence, recent court cases, and shares with underwriting teams. Suggests and implements changes to underwriting philosophy based on changes in market conditions. Establishes and maintains open and effective communications with leadership, other underwriting management, sales/agents, and other field/home office operations on a formal and informal basis. Travels with staff to deepen