Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter) - Tenders Global

Consultant, Credit and Political Risk – E&S/Specialty (Senior Underwriter)

Nationwide

tendersglobal.net

Position description

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.

 

#LI-CL1

 

 

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 demo

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