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Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter -
Location:
New York, NY
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! 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.Compensation Grade: G.SD130#LI-CL1#LI-Remote 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. Responsible for completing scoring models to evaluate the creditworthiness of obligors, and pricing model. 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. 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 degree required; MBA or Master degree in finance, international affairs or business administration a plus Experience: At least 10 years of experience in trade credit underwriting 5-10 experience in rating and pricing transactions as well as determining 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. We currently anticipate accepting applications until 05/31/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline. 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.This position could be filled within any of the lower 48 U.S. states.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-XXXX.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.pdfNationwide 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-$194,000.00The expected starting salary range for Consultant, Credit and Political Risk - E&S and Specialty : $104,000.00 - $156,000.00 Requisition #: 87548erp5z7ybl
Company:
Nationwide
Posted:
May 9 on JobsWeb
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More About this Listing: Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter -
Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter - is a Insurance Jobs Underwriter Job at Nationwide located in New York NY. Find other listings like Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter - by searching Oodle for Insurance Jobs Underwriter Jobs.
Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter - is a Insurance Jobs Underwriter Job at Nationwide located in New York NY. Find other listings like Consultant, Credit and Political Risk - E&S/Specialty (Senior Underwriter - by searching Oodle for Insurance Jobs Underwriter Jobs.