Job Description

As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey!

This role reports to a Reinsurance Placement Leader and is focused on providing critical information to support various high profile reinsurance treaties. Key responsibilities include support of treaty placements via compilation of premium and loss data, data scrubbing, problem solving, and research. In addition to leading or assisting with ad hoc inquiries related to reinsurance accounting, submissions, and state/regulatory requests. Furthermore, this role will maintain process documentation, oversee post-placement tasks, and collaborate with functional stakeholders.

Experience in reinsurance, accounting, finance, underwriting or claims within E&S/S and/or commercial lines is preferred. Ideal candidates will also possess strong analytical, teamwork, problem solving, and organizational skills.

This role will be staffed at the internal payband of G3.

This job can be fully remote.

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Summary Do you have the desire to apply risk management practices to drive business outcomes? Nationwide has been managing risk to serve our members and affects results for almost 100 years. Our industry-leading workforce embraces an agile work environment and a collaborative culture to deliver outstanding solutions and results.

As a Consultant, you\'ll play a key role in ensuring our business partners have a clear understanding of the risks we take. You\'ll also have an opportunity to proactively manage these risks to ensure we meet our growth, capital and return business objectives. You\'ll weigh in on our risk management options across our businesses and operations to appropriately balance risk and reward for achievement of our mission, vision and strategic goals.



REPORTING RELATIONSHIPS: Reports to Manager/Director/Sr Director

CORE JOB DUTIES & RESPONSIBILITIES:

Provides consultation and supports the design, evaluation and implementation of insurance, reinsurance and/or alternative risk transfer programs, both ceded and assumed, negotiating rates and contract terms.

Serves as business unit technical subject matter expert for reinsurance facing systems and applications, including internal data extractions and analysis.

Provides leadership on an enterprise insurance or ceded reinsurance claims administration and recovery operation, ensuring accurate, timely and complete communications with insurers, reinsurance and brokers in accord with contract requirements and in collaboration with enterprise business units and staff offices.

Assist in producing or verifying data and exhibits required for risk transfer or recovery submissions. Assists in Facultative reinsurance processing and accounting.

Coordinates a reinsurance claims recovery process, including communications with brokers and reinsurers in accordance with contract requirements. Advises on contract language interpretation for recovery application. Coordinates compliance with company accounting and reporting standards, under strict

guidelines.

Partners on process improvements initiatives. Develops and maintains corporate risk management or reinsurance policies and procedures to assure efficient and effective best practices. Provides analysis and support for risk transfer decisions including structure, pricing and cost allocations.

Conducts and leads activities regarding the planning, development and implementation of risk and loss prevention controls to ensure accurate claims handling, safety compliance, and risk management analysis.

Coordinates preparation & review of risk transfer and recovery reports, May review other associates\' work for data accuracy and technical resolutions.

Leads recovery coordination, development and presentation of reinsurance claims training. Supports the development and maintenance of insurance and reinsurance claims reporting guidelines and communications to enterprise claims staff.

Coordinates the establishment of enterprise security standards and evaluation of insurer and reinsurance security and performance. Coordinates the design, development, implementation, maintenance and administration of the corporate risk management and reinsurance information database in collaboration with

FIT.

Responsible for contact with internal and external customers or stakeholders, maintaining, developing and influencing relationships involving all enterprise business and staff offices, vendor systems, customer training, insurers, reinsurers and brokers.

Responsible for administration of risk transfer attestation process or recovery requirements, including the interaction with internal/external auditors. Provides responses to documentation requests from rating agencies and regulatory interrogatory exams and surveys. Provides consultation on accurate ceding set[1]up, systems, programs, projects and enhancements. Leads projects relating to placements, recoveries,systems, or enhancements.

Negotiates insurance and reinsurance placements, including costs, terms, and conditions of coverage.

Negotiates the recovery of reinsurance recoverables or the arbitration, litigation or commutation of reinsurance claims. Supports the claims responsibilities for appropriate insurance programs.

Responsible for contract negotiation and management of third party administrators. Manages loss mitigation work and activity with Associate Health Services, Safety and Facility management or other business unit as requested to reduce enterprise losses.

Assists in the development and attainment of team and department strategies, plans and objectives.

Manages risk management and reinsurance projects. Recommends project requirements, timelines, resources and budget. Consults on special projects and requests.

Performs other related duties as assigned.

MINIMUM JOB REQUIREMENTS:

Education: Undergraduate studies in business administration, finance, accounting or a related field preferred.

License/Certification/Designation: Pursuit or attainment of insurance related designations such as CPCU, CLU, ARM, ARe preferred.

Experience: Eight years experience in risk management, property and casualty reinsurance underwriting, or property and casualty claims or accounting. Project management experience is preferred.

Knowledge: Proven knowledge of risk management, insurance or ceded reinsurance practices. Must have a thorough understanding of property, casualty, life, accident and health insurance coverages. Also various insurance or reinsurance related accounting and finance practices, concepts, techniques. Has a good understanding of legal, actuarial, financial, sales, underwriting and claims policies and practices as they relate to the insurance or reinsurance function.

Skills/Competencies: Strong analytical, technical and verbal/written communication abilities. Ability to manage complex technical insurance/reinsurance issues. Ability to negotiate and mediate claims or contract disputes. Strong decision-making ability and project management skills.

Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.

Staffing Exceptions to the above Minimum Job Requirements must be approved by the: hiring manager\xe2\x80\x99s leader and HRBP.

JOB CONDITIONS:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Occasional travel. Non standard or extended hours may be required based on project needs.

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.

Job Evaluation Activity: Revised 8/2016 SN

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, .

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.

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

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 Consultant, Risk Mgmt Reins : 81,000.00-168,000.00

The expected starting salary range for Consultant, Risk Mgmt Reins : 90,000.00 - 136,000.00

Nationwide Mutual Insurance Company