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Director, Credit & Political Risk - E&S / Specialty

Director, Credit & Political Risk - E&S / Specialty

NationwideNew York, NY, US
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Property And Casualty Team Opportunity

If you're passionate about helping people protect what matters most to them, 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 are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care.

Key Responsibilities :

  • Underwrite, negotiate and document multi-year, domestic and cross-border credit and political risk opportunities
  • Perform economic, market and country risk analyses
  • Develop and expand key broker and client relationships
  • Work within a team to ensure operating excellence through the adherence to C&PR underwriting guidelines as well as Nationwide's standards

Professional Background :

  • At least 10 years of credit and political risk underwriting experience gained working at a top-tier bank, credit and political risk insurance carrier or similar
  • Expertise in corporate, bank and sovereign credit risk analysis. Formal credit training is a plus.
  • Expertise in country risk analysis
  • Experience in negotiating bespoke nonpayment and PRI insurance wordings
  • A background in credit and political risk modeling is preferred
  • Preferred work location is New York metro. Also open to candidates in Washington DC metro, Miami, and Chicago.

    Compensation Grade : H.SD170

    Job Description Summary :

    Are you a critical thinker who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to know more about you! The primary role of the position is to lead an underwriting team that includes field underwriters that own the sales and underwriting relationships for the Credit and Political Risk line of business. Establishes and maintains business relationships with agencies and / or brokers for the purpose of sales growth and distribution expansion. Primary focus of this role is on underwriting, agency / customer relationship management, employee engagement and expense management for a territory. Independently underwrites accounts based on authority level granted to the role and underwriting appetite. This includes underwriting obligor balance sheets, income statements and cash flows, obligor credit ratings, management reputation and company business and trading histories.

    Reporting Relationships : VP, Credit and Political Risk - E&S / Specialty

    Typical Skills and Experiences :

    Education : Bachelor degree required; MBA or Master degree in finance, international affairs or business administration a plus

  • At least 10 years of experience in trade credit underwriting
  • 5-10 developing rating and pricing models as well as system solutions that deliver excellent customer service
  • Knowledge, Abilities and Skills :

  • Financial statement analysis, Credit underwriting, Country analysis, IT development, scoring and rating models;
  • Demonstrated expert in the field
  • Excellent relationships with the US broker community and corporate and bank clients
  • Good communication and interpersonal skills
  • Prior underwriting credit authority
  • Formal credit training a plus
  • Excellent knowledge of IT solutions
  • Other criteria, including leadership skills, competencies and experiences may take precedence.

    Staffing exceptions to the above must be approved by the hiring manager's leader and Human Resource Business Partner.

    Values : Regularly and consistently demonstrates Nationwide Values.

    Job Conditions :

    Overtime Eligibility : Not Eligible

    Working Conditions : Normal office environment; hybrid working

    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.

    Benefits :

    We have an array of benefits to fit your needs, including : medical / dental / vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

    Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

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