Head of Credit Underwriting - Specialty Finance
About The Position
The Head of Credit Underwriting on Nationwide’s Specialty Finance team identifies and analyzes credit risks in specialty finance insurance solutions and works with the team to structure those solutions. The role collaborates with credit experts across investment teams and external partners, and helps establish, maintain, and oversee underwriting activities, operating manuals, and guidelines. Specialty Finance products include collateral protection, residual value, and portfolio insurance. The position drives credit analysis and risk-and-return evaluation, develops forward-looking scenarios, and makes recommendations on the pricing of credit aspects of specialty finance products. It contributes to risk appetite, budget, and limit frameworks; develops underwriting manuals and performance and risk reporting; and works with internal and external partners to identify opportunities and structure products. The role also monitors relevant industry, economic, and regulatory trends and advances the team’s approach to evaluating and managing specialty finance opportunities. This role may be performed remotely within the United States (lower 48 states). The position reports to the VP, CRO Specialty Finance. It is exempt from overtime eligibility. The work is generally performed in a normal office environment, and some travel may be required. A valid credit check and/or background check is required as part of the selection process.
Requirements
- Bachelor’s degree.
- 8 to 12 years of related investment experience.
- Conversant in fixed income and equity valuation methodologies.
- Conversant in return-on-capital-based analysis.
- Expertise as a Credit Research professional.
- Advanced understanding of Credit Research tools and processes.
- Proficient in Excel.
- Leadership potential.
- Curiosity and ability to apply risk and return principles to innovative products.
- Excellent verbal and written communication skills and a strong professional presence.
- Organized, detail-oriented, and process-oriented.
- Analytical and problem-solving capabilities.
- Well-developed negotiating skills.
- Positive, hardworking, proactive, and professional approach.
- Collaborative and team-oriented working style.
- Critical and creative thinking, with comfort expressing opinions and views to peers and executive leaders.
- Strong judgment and decisiveness.
- Self-starter who can work independently.
- Responsive, reliable, and timely work habits.
- Ability to handle pressure and manage multiple tasks and projects simultaneously.
- Ability to coordinate and work successfully across multiple groups.
- Regular and consistent demonstration of Nationwide Values.
Nice To Haves
- MBA, MS, or MA in business administration, economics, or finance; or CFA.
- Bloomberg experience.
Responsibilities
- Drive credit analysis for specialty finance solutions and establish methodologies for evaluating risk and return.
- Identify risk and return drivers, develop and model forward-looking scenarios, analyze relative value, and recommend pricing for credit aspects of specialty finance products.
- Communicate analysis and recommendations through written reports, presentations, conversations, and meetings with internal and external partners.
- Contribute to establishing and implementing risk appetite, budget, and limit frameworks for specialty finance solutions.
- Design, implement, and monitor credit underwriting and operating manuals, incorporating input from internal and external partners.
- Build relationships with internal and external partners to identify and assess new product opportunities.
- Work with accounting, legal, regulatory, and rating agency teams to structure specialty finance products effectively and efficiently.
- Design and implement performance and risk measurement tools and reporting for the specialty finance venture.
- Monitor, review, and evaluate industry, economic, and regulatory trends affecting specialty finance products.
- Contribute to improving the team's methods for evaluating and managing specialty finance opportunities, including evaluation frameworks, underwriting guidelines, and ongoing management.
- Perform other responsibilities as assigned.
Benefits
- Medical, dental, and vision coverage.
- Life insurance.
- Short- and long-term disability coverage.
- Paid time off, with newly hired associates receiving at least 18 days per full calendar year, prorated quarterly based on hire date.
- Nine paid holidays.
- Eight hours of Lifetime paid time off.
- Eight hours of Unity Day paid time off.
- 401(k) with company match.
- Company-paid pension plan.
- Business casual attire.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
