AVP, Portfolio, Development & 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.

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 …