Senior Investment Professional – Specialty Finance Real Estate

As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey! 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.

Please Note: This role is available for remote work within the United States for suitable candidates.

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Job Description Summary

Do you have the desire to grow a business and play a critical role in shaping business outcomes? Nationwide has been serving our members and driving business outcomes for almost 100 years. Our industry-leading workforce thrives in an agile work environment and a collaborative culture and delivers outstanding solutions and results. Our Investment and Risk professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results.

Nationwide Specialty Finance employs a research-driven, team-oriented, and results-focused approach to create and manage a wide array of innovative specialty finance insurance solutions like collateral protection, residual value, and portfolio insurance. Deep real estate knowledge is a critical part of evaluating and pricing many of these insurance solutions.

As a Senior Investment Professional on our Specialty Finance team, you will be responsible for identifying and analyzing all real estate aspects of these solutions and working with the team to structure these solutions. Collaborating with other real estate and credit experts across the investment and risk teams is an important part of the role. You will also work closely with external partners, and will play an integral part in establishing, maintaining, and overseeing underwriting activities, operating manuals and guidelines.

Job Description

Key Responsibilities:   

• Drives real estate related analyses for innovative specialty finance solutions, establishing methodologies for evaluation of risk and return for various property types, bridging traditional asset-oriented approaches with product- focused views.

• Responsible for establishing and executing asset/risk management and property specific performance assessment for assets underlying products. Activities include traditional real estate investment responsibilities, e.g. property cash flow projections, property valuations, lender negotiations including purchases, amendments and workout proposals, and recommendations related to exit options like loan/property sales and repossession of properties.

• Designs, implements and monitors real estate underwriting and operating manuals for the specialty finance venture.  Works closely with internal and external partners to incorporate input.  

• Identifies real estate risk and return drivers, develops and models forward-looking scenarios, analyzes relative value, and provides recommendations for pricing of real estate focused specialty finance products.

• Communicates analysis and recommendations through written reports, presentations, conversations and meetings with internal and external partners.

• Contributes to the establishment and implementation of a risk appetite, budget and limit framework for real estate focused capital market solutions, leveraging and appropriately adjusting existing frameworks.

• Builds relationships with internal and external partners to identify and assess new product opportunities.

• Interfaces with accounting, legal, regulatory and rating agency teams to structure specialty finance products in an effective and efficient manner.

• Designs and implements performance and risk measurement tools and reporting for the specialty finance venture.  

• Monitors, reviews and evaluates industry, economic, and regulatory trends that impact specialty finance products.

• Contributes to enhancement of the team's overall approach to evaluating and managing opportunities, including evaluation framework, underwriting guidelines, a