Director, Assumed Risk Portfolio Enablement - 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.

This role is open to remote locations.

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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 Nationwide’s 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 pri