Consultant, Credit And Political Risk - E&S/Specialty (Senior Underwriter)

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!
Compensation Grade: G.SD130
Preferred work location in New York City (with hybrid option), but willing to consider other locations in the US. Market facing title is Senior Underwriter.
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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 underwrite individual risk for acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of the most complex technical nature. This role will have accountability for revenue targets with assigned brokers, possess a strong ability to analyze obligor financial statements and to underwrite Credit and country risk with profitable results. This includes underwriting obligor balance sheets, income statements and cash flows, obligor credit ratings, management reputation and company business and trading histories. flows, obligor credit ratings, management reputation and company business and trading histories.
Job Description
Key Responsibilities:

• Accountable for revenue targets with assigned brokers.
• Analyze obligor financial statements and to underwrite Credit and country risk with profitable results. This includes underwriting obligor balance sheets, income statements and cash flows, obligor credit ratings, management reputation and company business and trading histories. Ensure a high renewal rate on existing policies through excellent customer service.
• Systems lead responsible for the build-out and implementation of a trade credit operational system working with IT and operational leads. Responsible in developing: scoring models to evaluate the creditworthiness of obligors, credit aggregation monitoring capabilities, aggregate limits and pricing model.
• Create and implement the distribution/customer strategy and strategic plan for responsible territory/insureds with the US Lead of Short-Term Multi-Buyer Trade Credit. Conduct regular visits with general agents/brokerage to understand business needs and to identify new business opportunities.
• Approves transactions within own underwriting authority.
• Provide coaching to junior underwriting staff by providing technical expertise on credit evaluation, systems capabilities, pricing, obligor risk ratings, QS and XoL policy wordings and insurance applications.
• Ensure compliance with underwriting guidelines and all insurance regulatory requirements.
• Ensure operational excellence through the timely issuance of non-binding indications and policy wordings as well as good coordination with the back office for policy servicing, including billing and accurate data input.

May perform other responsibilities as assigned.
Reporting Relationships: Sr Director, Credit and Political Risk - E&S and Specialty
Typical Skills and Experiences:
Education: Bachelor's degree required; MBA or Master's degree in finance, international affairs or business administration a plus
Experience:

• 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.
Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.
For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.
The national salary range for Consultant, Credit and Political Risk - E&S and Specialty : $94,000.00-$193,000.00
The expected starting salary range for Consultant, Credit and Political Risk - E&S and Specialty : $104,000.00 - $156,000.00