Director, Assumed Risk Portfolio Enablement Alternative Ventures

If youre 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 Nationwides 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 were looking for associates who are passionate about delivering extraordinary care.

This role is open to remote locations.

#LI-AS1

#LI-remote

Job Description Summary

We are a versatile group of individuals working together to meet the needs of our customers. We value industry knowledge strong business savvy and contributing to a stellar team environment. If you thrive in a busy engaging work environment we want to know more about you!

As a director you will be responsible for leading the execution integration and continuous improvement of assumed reinsurance agreements and onboarding new business ventures. This position combines technical reinsurance expertise cross-functional coordination and strategic leadership to support the growth and operational excellence of Alternative Ventures.

Job Description

Key Responsibilities :

Partner with Reinsurance Placement to support the execution of reinsurance agreements (assumed and ceded agreements; excess of loss (XOL) quota share (Q / S) and Facultative treaties) that support our various Alternative Ventures businesses.

Serve as a subject matter expert supporting integration of business reinsurance accounting regulatory awareness and other related reporting and oversight needs.

Ensure that the business terms are addressed and properly represented to risk and reinsurance partners.

Coordinate with risk and reinsurance partners along with Corporate Legal teams to support complete and efficient contract review processes.

Serve as subject matter expert addressing data review / clean-up efforts (as needed). This would include support on Reserve Reconciliation issues.

Coordinate onboarding of new business types serve as liaison with internal cross-functional teams and external parties to ensure smooth and timely transition.

This role will have a front office focus by translating complex concepts into actionable insights and drive coordination with our Operations teams and the various back-office functions to ensure smooth integration communication and alignment.

Develop and maintain integration playbooks timelines and work with the business to create metrics.

Lead resolution efforts on key data quality review / research analysis. Assist with supporting the data integrity and ingestion strategy to support existing and new businesses with a focus on reinsurance related data requirements.

Drive Continuous Improvement initiatives across Alternative Ventures refining processes standardizing documentation and establishing consistency to enhance scalability and efficiency

Manage a team of up to 3 individuals who will be responsible for ongoing monitoring tracking and execution of new and renewal reinsurance agreements onboarding of new business opportunities and continuous improvement projects.

Regularly present to consult with and counsel Nationwide officers partner principles and others on matters of significance impacting viability profitability and success of the business.

May perform other responsibilities as assigned.

Reporting Relationships : Reports to AVP of Portfolio Development & Enablement Alternative Ventures. Will have 1-3 direct reports.

Typical Skills and Experiences :

Education : 10 years of insurance industry experience 3 years of reinsurance related experience and experience leading a team both direct reports and indirect reports including cross-functional teams

Knowledge Abilities and Skills : Strong understanding of Property Casualty and Professional lines of business and Risk Transfer mechanisms familiarity with Quota Share Excess Loss and Facultative Reinsurance agreements / relationships.

Excellent communication skills and the ability to negotiate with external parties including other insurance carriers and brokers to place reinsurance agreements that are in Nationwides best interests and align around business imperatives

Project and change management skillsets strong attention to detail and the ability to organize plan and align work and manage competing priorities while influencing others to support organizational change during integration. Possess strong situational adaptability and is organizationally savvy.

Ability to autonomously thrive in a fast-paced evolving environment by identifying challenges and implementing future-focused successful solutions for our internal business network. Ability to optimize and create new repeatable processes.

Other criteria including leadership skills competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring managers leader and Human Resource Business Partner.

Values : Regularly and consistently demonstrates the Nationwide Values.

Job Conditions :

Overtime Eligibility : Not Eligible (Exempt).

Working Conditions : Normal office environment.

ADA : The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

We currently anticipate accepting applications until 11 / 16 / 2025. However we encourage early submissions as the posting may close sooner if a strong candidate slate is identified before the deadline.

Benefits

We have an array of benefits to fit your needs including : 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 and more. To learn more about the benefits we offer click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged appreciated respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

This position could be filled within any of the lower 48 U.S. states.

Smoke-Free Iowa Statement : Nationwide Mutual Insurance Company its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act individuals may contact the Smokefree Air Act Helpline at .

For NY residents please review the following state law information : Notice of Employee Rights Protections and Obligations LS740 () TO EMPLOYMENT AGENCIES :

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills education training credentials and experience of the candidate; the scope complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job Sales Incentives based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles : Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.

The national salary range for Director Assumed Risk Portfolio Enablement - Alternative Ventures : $110000.00-$212000.00

The expected starting salary range for Director Assumed Risk Portfolio Enablement - Alternative Ventures : $119000.00 - $179000.00

Required Experience :

Director

Key Skills

Category Management,Athletics,Customer,ABAP,Hydraulics,ITI

Employment Type : Full-Time

Experience : years

Vacancy : 1

Monthly Salary Salary : 119000 - 179000