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.

Please Note: This role open to working remotely in the United States.

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Job Description Summary
Are you a critical thinker 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!

The Portfolio, Development & Enablement leader will develop and execute strategy to grow and optimize performance of $1b+ portfolio of alternative ventures business on a national scale. Responsible for the profitable operation of the book and accountability for identification of business risks; i.e. credit, operational, reputational, etc.

This leader will drive and oversee the creation and oversight of highly customized pre and post-bind requirements, processes and systems, which include the internal- and distribution-partner facing processes needed to support this highly specialized business.

Successful execution relies on a deep understanding of the Alternative Ventures verticals, partnerships, deal/business structures, and the steps needed to move this organization from build to run. The PDE leader must have a deep understanding of financial, capital, risk, pricing, reinsurance and reserving processes.

Job Description

Key Responsibilities:

• In collaboration with underwriting and distribution, drive the analysis, execution and strategic placement of new ventures/deals both internally and externally.
• Develop and operationalize deal management processes, including the unique pre- and post-bind requirements of loss-sensitive business.
• Develop, maintain and oversee portfolio management processes and analytics.
• Act as the subject matter expert to provide business requirements for new technology development.
• Outsource and provide oversight for the critical services needed to run this business which falls outside of current Nationwide expertise.
• Influence and educate internal business partners across the organization and at the highest levels.
• Help build out and provide oversight for credit and collateral management function.
• Lead a team of approximately 8-10 associates in the areas of Underwriting Enablement, Portfolio Management and New Venture Review & Support.

May perform other responsibilities as assigned.

Reporting Relationships: This job reports to Vice President, Alternative Ventures

Typical Skills and Experiences:

Education: Undergraduate degree in Business Administration or related fields. MBA and/or licensing preferred

Experience: Fifteen or more years related experience in underwriting, data management, finance or related technical experience; cross platform experience highly desirable - understanding underwriting and technology. Prior leadership experience is preferred.

Knowledge, Abilities and Skills:

• Strong insurance, pricing, financial knowledge along with broad line of business knowledge and nuances of each.
• Ability to identify potential problems and implement successful solutions that may have broad impacts within our internal business network.
• Ability to create new, repeatable processes and continuously improve processes.
• Excellent communication skills required to influence and negotiate with both internal and external partners, to propose mutually beneficial policies, processes, and solutions.
• Strong attention to detail along with the ability to organize, plan and align work and manage competing priorities.
• Possess strong situational adaptability and is organizationally savvy.
• Brings innovative and strategic thinking capabilities to propose and/or implement short term and long-term solutions. Ability to build effective teams and develop talent.
• Builds and develops the team by recruiting, training, managing talent as well as being the Brand representative for the E&S/Specialty Alternative Ventures organization. Has key focus on engagement and retaining/rewarding top talent.
• Regularly presents to, consults with and counsels' Nationwide officers, partner principles, board members and others on matters of significance impacting the viability, profitability and success of the business.

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 Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Work from home and/or 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 07/10/2024. 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 [redacted].

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov)

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.

The national salary range for AVP, Portfolio, Development & Enablement - Alternative Ventures : $127,000.00-$248,000.00

The expected starting salary range for AVP, Portfolio, Development & Enablement - Alternative Ventures : $134,000.00 - $222,000.00