Director, Credit and Political Risk - E&S/Specialty (Structured Lending)

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: H.SD170

Preferred work location is New Jersey. Will also consider Connecticut and Chicago Metro area.

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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 originate and underwrite quality credit risk insurance opportunities with financial institutions and multinational corporations. This role will have responsibility for structured finance transactions including syndicated loans, acquisition finance, project finance and fixed income in the US. The position reports to the Global Head of Credit & Political Risk Insurance. Responsible for setting, monitoring, achieving, and measuring the established goals for multiple products across the entire country. Develops and implements strategic plans and objectives. Analyzes, develops, and monitors expense budget. Influences relationships with general agents, brokers, and other customers. Directs underwriters and other support staff. Approves accounts, which exceed underwriting staffs’ authority either due to level of complexity, premium, and class of business or coverage provided. Accountable for underwriting, rates, forms and procedures across the country.

Job Description

Key Responsibilities:   

• Directs the development and growth of the single risk lending products, specifically:  syndicated loans, working capital, revolvers, acquisition finance, project finance and capital markets.   This includes being the lead senior underwriter for the product with accountability for revenue targets.  The Director will possess a strong ability to analyze complex transactions and risks including obligor credit and country risks and ensure revenue growth and loss minimization.  

• Develop and implement a customer strategy and strategic underwriting plan, developed together with the Global Head for Credit & Political Risk, for structured finance products in the US.  Provides business forecasting related to trends and profitability nationally.  

• Monitors adherence to underwriting procedures, preparation of rates, forms, and policy wordings and endorsements and authorizes and approves the use of such rates, forms, and wordings.   

• Recommend obligor ratings and pricing for obligors within the credit and political risk business.  

• Supports the operational and systems build out working with IT and operational leads.  

• Conducts regular visits with bank customers and brokers to understand business needs and to identify new business opportunities.  

• Supervise and train underwriting staff by providing technical expertise on credit and country risk evaluation, pricing and policy wordings.  

• Where applicable, approves accounts within delegated authority and those which exceed underwriting staff’s authority due to level of complexity, premium, and class of business or coverage provided.  

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

Typical Skills and Experiences:   

Education: Bachelor’s degree, preferably in finance or accounting; Masters of Business Administration a plu