85461 Surety Underwriting Internship (NYC, Connecticut, Des Moines)
Location: New York City, New York
Housing/Travel assistance available for those who meet qualifications.
Employer will assist with relocation costs.
Internal Number: 85461
Nationwide is one of America’s most diversified insurance and financial services organizations. We are a Fortune 100 company with a mission to protect people, businesses and futures with extraordinary care.
We commit to every employee and community we serve by emphasizing employee development and charity partnerships, such as our annual United Way campaign, our annual endowment of Nationwide Children’s Hospital, and our continual support of Feeding America.
Nationwide has won Gallup’sExceptional Workplace Award and are named one of Fortune’s100 Best Companies to Work For year after year. Nationwide is also recognized as a Best Workplace for Diversity by Fortune and by Black Enterprise, a 100 Best company by Working Mother, Best Places to work for LGBTQ by the Human Rights Campaign, and has won Employer Support of the Guard and Reserve’sU.S. Freedom Award.
This position is open to working in New York City, Connecticut, or Des Moines Iowa.
Success on our team requires a blend of customer service skill and analytical prowess. There’s no shying away from challenges here. Each account we work on is complex and interesting. Satisfaction comes from finding solutions that provide the best coverage and give our partner agents a way to differentiate themselves from the competition. If you are adaptable, responsive, love customers and really want to make a difference, we want to hear from you!
As an Surety Underwriter, you'll accept, retain and price low exposure new, renewal and endorsement commercial business policies within your authority limits. We'll count on you to provide additional underwriting technical support when requested. In addition, you may triage business and handle renewals as well as pre-screen, process and prepare information for underwriting.
A successful Surety Underwriting Intern at Nationwide has:
Bachelor’s degree or equivalent work experience. Undergraduate studies in Insurance, Risk Management, Economics, Business Management, or a related field of study
Completion of sophomore or junior year is preferred
Involvement in student activities and/or some work experience
3.0 GPA or higher is desired.
Basic business policies, practices and procedures.
General understanding of basic analytical and financial techniques preferred.
Gathers information from multiple sources according to company guidelines, to support proper policy entry and underwriting analysis.
Reviews individual risks for acceptability based on company underwriting guidelines and standards within authority that is provided.
Ensures file handling quality and workflow efficiency. This will include completing assigned underwriting transactions and tasks within established time and service standards.
Enters policies and runs reports for the underwriting file.
Underwrite both new and renewal business accounts and endorsements in line with the letter of authority provided.
Works cooperatively and builds strong working relationships with territory, field, claims, sales, and other associates to share and gather information necessary to complete work.
Strengthens agency relationships through regular contact on underwriting matters, promoting profit and new business growth, renewal retention and service capabilities.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; pet, motorcycle and boat insurance. For more information, visit https://www.nationwide.com/