Sr. Analyst - Controllership Accounting & Reinsurance at Nationwide

Columbus, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, FinanceIndustries

Requirements

Must reside within 35 miles of Columbus: Three Nationwide Plaza, Columbus OH, 43215
Ability to work on a hybrid schedule: 2 days in office, 3 days remote (Success Flex basis)

Responsibilities

Administers the design, evaluation, and implementation of insurance, reinsurance, or alternative risk transfer programs
Provides data in support of rate and contract terms negotiation
Supports claims and/or premium administration and recovery operations to ensure accurate, timely, and complete communications with insurers, reinsurers, and brokers in accordance with contract requirements, collaborating with enterprise business units and staff offices
Assists in producing or verifying data and exhibits required for risk transfer or recovery submissions
Assists in facultative reinsurance processing and accounting
Supports corporate risk management or reinsurance policies and procedures to ensure efficient and effective implementation of best practices
Assists in input of risk transfer terms in relevant systems and ensures appropriate accounting, including recoveries; coordinates with IT and Claims department
Supports activities regarding the planning, development, and implementation of risk and loss prevention controls to ensure accurate claims handling, safety compliance, and risk management analysis
Supports preparation and review of risk transfer and recovery reports
Supports 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
Monitors established enterprise security standards as they apply to the evaluation of insurer and reinsurance security and performance
Assists in the development, implementation, maintenance, and administration of the corporate risk management and reinsurers information database
Has contact with internal and external customers, including enterprise business units, staff offices, vendor systems, insurers, reinsurers, and brokers
Assists in administration of risk transfer attestation process or recovery requirements and interacts with internal/external auditors
Assists with responses to documentation requests from rating agencies and regulatory interrogatory exams and surveys
Provides data and analysis in support of the negotiation of insurance and reinsurance placement and reinsurance recoveries
Participates in the negotiation for insurance and reinsurance placement, including costs, terms, and conditions of coverage

Skills

Reinsurance Accounting

Ceded Reinsurance

Risk Management

Enterprise Risk Management

Insurance Programs

Claims Recovery

Accounting

Financial Analysis

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Columbus, OhioHeadquarters

1925Year Founded

$769.7MTotal Funding

N/ACompany Stage

Consulting, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.

AI-driven platforms like Planck could disrupt traditional insurance models.

Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.

Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.

Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.

Investments in AI and tech platforms could streamline operations and reduce costs.

Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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