Specialist, Assumed Portfolio - Alt Ventures

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, 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 and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

The ideal candidate is comfortable dealing with ambiguity, detail-oriented and able to work through evolving needs and cross-functional questions while helping to move work forward. 

Prior experience in Property & Casualty (P&C)/Excess & Surplus (E&S), reinsurance, and/or underwriting is strongly preferred to enable a seamless transition into the role, establish a solid understanding of core concepts, and build effective partnerships across key Seams stakeholders. 

ARe (Associate in Reinsurance) certification is preferred but not required prior to hiring. Interest in pursuing this designation is strongly desired. 

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Job Description Summary

Supports the execution, administration, and operational management of assumed reinsurance activities within the Alternative Ventures organization. This role assists in contract intake, treaty documentation, compliance, operational governance, and partnership with key internal stakeholders such as Reinsurance Placement, Reinsurance Accounting, and Audit. The ideal candidate is detail-oriented, highly organized, and eager to develop expertise in reinsurance structures, systems, and processes.

Job Description

Key Responsibilities: 

• Monitor renewal timelines and proactively ensure timely communication and follow up with internal stakeholders.

• Maintain and update Firm Order Terms (FOT) Intake and Geneva Working Group agendas to ensure assumed risks are reviewed and addressed promptly.

• Collaborate with Underwriting and Reinsurance Placement to assess and communicate Geneva-related needs, updates, and system impacts.

• Collaborate with other Underwriting Enablement team members to assist with assumed reinsurance Program onboarding.

• Create and maintain Assumed Risk Treaty Summaries, ensuring accuracy and accessibility for business partners.

• Ensure that assumed reinsurance treaty lists (Digital Treaty List and/or Vault) are accurately reflecting assumed risk terms.

• Support preparation, drafting, and processing of treaty amendments.

• Respond to BDX (Bordereaux) questions and clarify data or reporting inquiries from partners.

• Partner with Reinsurance Accounting to address accounting-related questions tied to assumed reinsurance contracts.

• Ensure all applicable Financial Risk Controls are adhered to and tested.

• Monitor and track compliance with the 9‑month rule, escalating issues as needed.

• Assist in responding to internal and external audit requests and conduct research to support audit readiness.

• Support resolution of data reconciliation issues, partnering with relevant data and operational teams.

• Manage and maintain the document library, ensuring documentation is current, organized, and easy to navigate.

• Identify operational process gaps and propose improvement opportunities to strengthen efficiency and control.

• Utilize artificial intelligence (AI) to create efficiencies.

• Develop and implement a standardized process for facultative certificate management (and claims attachment), including tracking, monitoring, and reporting across all Alternative Ventures programs.

May perform other responsibilities as assigned. 

Reporting Relationships: Reports to Director, Assumed Risk Portfolio Enablement - Alternative Ventures.

Typical Skills and Experiences: 

Education:  Bachelor’s degree in business, Finance, Risk Management, Insurance, or related field—or equivalent experience. Associates in Reinsurance (ARe) or Associates in Risk Management (ARM) preferred but not required.

Experience: Typically, 5 or more years of experience in insurance or reinsurance operations, accounting, or compliance. Familiarity with treaty and facultative reinsurance concepts. Experience with data validation, reporting, or audit processes.

Knowledge, Abilities and Skills: Analytical Thinking: Ability to interpret data and identify, patterns, discrepancies and root causes. Collaboration: Works effectively with cross‑functional partners in a matrixed environment. Details Orientation: Produces accurate work products with minimal oversight. Learning Agility: Demonstrates curiosity and the ability to rapidly build reinsurance knowledge while adapting and applying new skills effectively. Process Orientation: Identifies and helps to lead opportunities to streamline workflows and improve operational consistency. Strong attention to detail and organizational skills; ability to manage multiple deadlines. Proficiency in Microsoft Excel, Microsoft Word, Teams, and SharePoint; willingness to learn reinsurance concepts and data. Strong written and verbal communication skills. Demonstrated ability to work collaboratively across functional teams.

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

Staffing exceptions to the above must be approved by the hiring manager’s 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 07/02/2026. 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 888-944-2247.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

NOTE 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 Specialist, Assumed Portfolio Enablement - Alternative Ventures : $79,500.00-$148,500.00

The expected starting salary range for Specialist, Assumed Portfolio Enablement - Alternative Ventures : $79,500.00 - $119,500.00