Specialist, Assumed Portfolio - Alt Ventures

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.

Benefits

Additional Information

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. #LI-AS1 #LI-remote 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

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