United States onlyThis is a fully remote role that can be located anywhere in the lower 48 states in the US.
This is a G3 band role.
Job Description Summary
Do you seize opportunities to drive change that improve processes, products, and services? At Nationwide, Pension Risk Transfer (PRT) is a growing business where we value team members who are great communicators, forward thinking, and have the drive to continuously improve and grow with us. If you would thive in an environment like this, where you’ll build relationships and solve business challenges, too, we want to hear from you!As a Transition Consultant- Pension Risk Transfer, you’ll be part of a team responsible for new client onboarding and operations, as well as evolving our tools and processes and engaging with our technology partners. We’ll count on you for the management of activities within the business by processing and coordinating work with plan sponsors/brokers and Third-Party Administrators (TPAs) for contract administration and check-writing services. You will collaborate with internal matrix partners such as Finance, Treasury, Technology, Legal, and Compliance.
Job Description
Key Responsibilities:
Serves as the responsible and accountable point of contact for new clients transferring their pension obligations and participants to Nationwide, building relationships with Plan Sponsors and Brokers, and leading Nationwide efforts with TPAs and matrix partners to ensure a seamless installation process and timely execution of key deliverables.
Drives Nationwide processes that include delivery on contract language, data optimization during new sales and ongoing administration, monitors and initiates communication of changes and coordinates approvals between Nationwide and its TPAs.
Supports PRT efforts in achieving annual sales goals, including management of milestones for requests for proposal (RFPs), confirming administrative service capabilities, and supporting new contract creation.
Ensures TPAs are delivering expected results in accordance with service level agreements (SLAs) and through participation in regular governance meetings with TPAs to review performance and other key performance indicators (KPIs). Creates and supports the regular compliance and auditing program in partnership with Corporate Compliance. Supports and directs TPAs in remediation of formal complaints and other issues. Conducts regular reviews of existing processes, SLAs and KPIs to ensure alignment with best practice and reports back on results to Director, Operations.
Delivers end results or operating processes between internal matrix partners (e.g., Actuary, Accounting, Corporate Escheat, Finance, Legal and Technology) including receipt and booking of new deal premium, suspense account reconciliation, and deemed abandoned and unclaimed property processing.
Monitors, executes, and influences timely and efficient execution of the PRT business. Updates Nationwide leadership on business performance, risk points and improvement opportunities. Manages work within budget.
Supports various internal and external business oversight processes including internal and external audit, Financial Reporting Controls (FRC) audits and departments of insurance inquiries.
May perform other responsibilities as assigned.
Reporting Relationships:Reports to Director, Operations – Pension Risk Transfer
Typical Skills and Experiences:
Education: Undergraduate degree in Business Administration or related field. Graduate degree preferred.
Experience: Typically, seven or more years of relevant defined benefit experience, preferably in PRT business.
Knowledge, Abilities and Skills: Knowledge of PRT and/or pension industry to help Nationwide build 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: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.
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 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
NOTE TO EMPLOYMENT AGENCIES:
We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.
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. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for Transition Consultant - Pension Risk Transfer : $97,000.00-$180,000.00The expected starting salary range for Transition Consultant - Pension Risk Transfer : $97,000.00 - $145,000.00