Sr Consultant, Credit & Political Risk - E&S/Specialty (Structured Credit)

Nationwide•Washington, DC

1d•$136,000 - $242,000•Hybrid

About The Position

This role is for a critical thinker who can analyze complex risk and find insurance solutions that balance customer needs with business goals. 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 marketing, managing and underwriting new and renewal Credit and Political Risk book of business, through direct contact with select agencies or brokers. Drives profit and premium to meet financial goals and objectives through development, negotiation, and execution of business plans. Leads and influences agencies through creation of sales strategies and implementation of sales processes and practices that drive new sales, increase shelf space, profit and customer retention.

Requirements

10-12 years of experience in credit and political risk underwriting
5-10 developing tailored policy wordings for credit and political risk transactions
Financial statement analysis
Credit underwriting
Country analysis
IT development
completing scoring and rating models and pricing 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

Nice To Haves

MBA or master's degree in finance, international affairs or business administration a plus
Formal credit training a plus
Excellent knowledge of IT solutions
Other criteria, including leadership skills, competencies and experiences may take precedence.

Responsibilities

Accountable for revenue targets within a specific territory.
Monitors market conditions and other relationship factors necessary to win the account.
Performs analysis of the most complex accounts combining experience, intuition, and business savvy to make strategic territory and account decisions.
Analyzes quality of risks underwritten ensuring that all variables are considered including: financial statements, credit reports, financing documentation and other underwriting documents.
Analyzes regional underwriting performance experience, identifies problems and proposes action plans to address/rectify those situations.
Achieves production, profitability, and service objectives.
Plans and coordinates among team members regarding new business and renewals.
Identifies prospects.
Within delegated authority levels and company guidelines, accepts, rejects, or modifies new business of a more complex nature to ensure profitability.
Prices business according to company underwriting and pricing guidelines. Decisions at this level may require review of additional variables due to the account size and complexity.
Leverage customer relationships and complete broker visits, as appropriate, to develop new accounts, service existing accounts, review agency performance and enhance agency relationships.
Uses underwriting and research tools, and all other appropriate resources, to determine acceptability of risk and uses sound underwriting judgment when using company underwriting guidelines and standards.
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.

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