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Nationwide · 19 hours ago

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

New York, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$152K/yr - $228K/yr

10+ years exp

Nationwide is a company dedicated to helping people protect what matters most to them through innovative solutions. The Director of Credit & Political Risk leads an underwriting team focused on managing relationships and underwriting for the Credit and Political Risk line of business, ensuring operational excellence and driving sales growth.

BankingFinancial ServicesInsuranceLife Insurance

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

Analyzes performance of portfolio as well as individual account performance and develops appropriate action to drive profitable growth based upon the analysis

Monitors risk selection, renewal retention and pricing decisions on a portfolio and an individual account level

Reviews and approves underwriting decisions of staff and ensures compliance to legal requirements and organizational, business and strategic objectives

Provides recommendations to leadership regarding underwriting strategy and opportunity

Measures and manages underwriting processing and quality

Actively manages and participates in agency management

May review complex or escalated business and make underwriting decisions based on the underwriting authority granted to the role, using company underwriting guidelines and standards

Determines priorities and workflow/service standards for the department

Monitors and manages performance measurements to ensure effectiveness of the department's service delivery process

Effectively aligns organizational structure to drive business results

Plans, develops and integrates territory sales plans to achieve top and bottom-line objectives

Translates strategic business plans into organizational direction

Creates financial and operational goals, budget and timelines to meet company standards

Directs associates and provides performance management, salary planning and administration, organizational planning, hiring and placement

Drives sales strategies to develop new business, improve retention and maintain profitability

Meets regularly with clients to enhance relationships and drive business results

Handles escalated customer service issues and requests

Provides input to leadership regarding strategic and business plans and helps identify operational opportunities and efficiency

Consults with agents and brokers to provide expertise, educate and identify business opportunities

Consults with team to develop experience, understanding and expertise in each situation to make the best possible decisions

Consults with Home Office leaders on accounts requiring higher level of authority

Communicates strategic direction and operational plans to internal associates and external partners

Communicates policies, procedures and financial budgets that result in attainment of business objectives

Ensures awareness of strategic corporate initiatives to maintain effectiveness in the field

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

Works in partnership with fellow leaders to manage the training of associates within the credit and political risk organization to ensure a high degree of competency and professionalism

Coaches territory managers and field underwriters on actively pursuing credit and political risk opportunities with agencies and/or brokers to develop and grow a profitable territory

Qualification

Credit risk underwritingPolitical risk analysisCountry risk analysisFinancial statement analysisRatingPricing modelsNegotiation skillsFormal credit trainingIT solutions knowledgeCommunicationInterpersonal skillsLeadership skills

Required

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

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

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

Preferred

A background in credit and political risk modeling is preferred

Benefits

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

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees