Sr Director, Reinsurance Underwriting - Alternative Ventures

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.

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Job Description Summary

Are you a problem solver 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!

As the leader, you will be responsible for directing the sales and underwriting relationship for the profitable operations of Alternative Ventures’ related business in partnership with Ryan Re. You will oversee and execute underwriting and related reinsurance responsibilities within these ventures as well as represent Nationwide on partnership related working groups and committees. Some of the risks could be multinational or have alternative arrangements in place that make them unique. You will need to build and maintain strong and effective relationships with internal business liaisons and external program managers and principles and provide leadership, direction, and development to underwriting staff. You will provide valuable market intelligence to ensure we remain competitive and relevant in the market. You will also influence strategy for other programs and verticals such as RSUM, Geneva Re and Alternative Risk. This work could include leading and evaluating capital modeling, reserving, financial reporting, and analytics.

Job Description

Key Responsibilities:   

• Responsible for establishment of goals and metrics for Ryan Re; ensures alignment with business scorecards. Provides department forecasting related to trends and profitability; takes action based on results as needed.

• Directs Ryan Re’s results and recommends corrective action if necessary. Understands business needs and identifies new business opportunities.

• Approves accounts which exceed partner authority due to level of complexity, premium, class of business or coverage provided.

• Directs the development, implementation and monitoring of underwriting guidelines, rates, and procedures.  

• Interacts with various business partners (i.e. claims, actuarial, legal, compliance, etc.) to achieve company goals and objectives. Communicates department program initiatives and goals. Builds alignment within E&S/S and across Nationwide.

• Directs the audit of individual risks/programs for compliance with company guidelines and reinsurance conditions. Development and implementation of specific action plans may be required. Ensures that advanced questions have been resolved.

• Independently establishes and maintains effective relationships with partners in order to generate premium dollars and profitability. Travels to existing partners’ offices as required for marketing visits. Frequently entertains partners to market services and ensure strong relationship to write business.

• Accountable for identifying new opportunities, facilitating all steps involved in the due diligence process and making recommendations to senior management on new opportunities. Responsible for the implementation of all new programs from development of underwriting guidelines, compliance/regulatory matters, finance, reinsurance, claims, legal, accounting, actuarial, and marketing matters to ensure proper integration.

• Regularly presents to, consults with and counsels Nationwide officers, partner owners, board members and others on matters of significance impacting the viability, profitability and success of the business.  

• Attends industry functions to promote E&S/S brand and capabilities of the Alternative Ventures team in order to help identify new business opportunities.

• Builds and develops the Alternative Ventures team by recruiting, training, managing talent as well as being the Brand representative for the E&S/Specialty organization.  Has key focus on engagement and retaining/rewarding top talent.  Directs associate management including performance management, salary planning and administration, training

• Directs the management of the Alternative Ventures operation functions and directs th