AVP, Actuarial - Commercial Property and First Party Lines
AVP, Actuarial - Commercial Property and First Party Lines
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Job Description
Please Note: This position is open to working remotely in the United States.
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Job Description Summary
Our Property & Casualty (P&C) Finance organization offers an opportunity to drive strong business results through collaboration and innovation leverage state of the art tools and the potential to make an impact on a daily basis. If this sounds like a place you could thrive then we want to know more about you!As an AVP Actuarial Commercial Property and First Party Lines for Nationwide youll be responsible for leading the development and implementation of pricing strategies across Commercial Property and First Party Lines product line(s). Youll oversee the pricing team ensure compliance with regulatory standards and work closely with senior leadership to achieve the companys financial goals. Youll play a critical role in driving profitability competitiveness and innovation within the pricing function.
Job Description
Key Responsibilities:
- Develop and implement comprehensive pricing strategies for specific P&C insurance product. Align pricing strategies with overall business objectives and market conditions.
- Lead team in the creation of rate level indications segmentation analysis and profitability studies across Nationwides commercial lines.
- Provide strategic direction and leadership to the pricing team to help ensure that overall product line objectives (DWP new writings retention loss ratio) are achieved.
- Monitor industry trends competitor actions and regulatory changes to inform pricing decisions for the specific P&C insurance product.
- Oversee the development and maintenance of actuarial models and pricing tools. Ensure robust data analysis to support pricing decisions and risk assessments. Monitor and evaluate the effectiveness of pricing models and strategies.
- Partner closely with leaders of product finance actuarial analytics and other departments to ensure cohesive pricing strategies.
- Monitor the financial performance of P&C insurance products to ensure they meet profitability targets. Identify and address any issues impacting the performance of pricing strategies.
- Provide regular performance reports pricing recommendations actionable insights and financial impacts to senior management.
- Support other special projects or ad hoc initiatives (e.g. assisting with strategic partnerships audits etc.).
- Oversee associate management including performance management salary planning and administration training and development workflow and organization planning day-to-day management and escalations hiring and placement and disciplinary actions for direct and indirect reports. Insert information or delete if not needed.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to the VP Strategic Pricing Leader. Leads a team of 37 direct reports with up to 30 indirect reports.
Typical Skills and Experiences:
Education: Undergraduate studies in actuarial science business finance mathematics economics or related field with strong quantitative orientation.
License/Certification/Designation: Fellow of the Casualty Actuarial Society(FCAS) designation preferred.
Experience: Typically ten years of related experience (pricing actuarial product). Five years prior management experience preferred and five years of experience for the specific P&C insurance product.
Knowledge Abilities and Skills: Proven ability to identify the needs of the organization and develop a multi-year strategic plan. Demonstrated ability to collaborate across teams and influence to achieve goals. Ability to attract hire and develop strong talent. Possess strong verbal and written communication skills including the ability to build and defend a business case provide executive level recommendations and reporting. Demonstrated ability to comprehend/explain actuarial concepts and other advanced technical concepts. Ability to assimilate information and make recommendations based on a combination of factors. Foundational knowledge of technology and actuarial data and tools; advanced modeling experience preferred
Other criteria including leadership skills competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring managers leader and HR Business Partner. Depending on level the approvers may change.
Values: Regularly and consistently demonstrates the 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.
We currently anticipate accepting applications until 09/26/2025. However we encourage early submissions as the posting may close sooner if a strong candidate slate is identified before the deadline.Benefits
We have an array of benefits to fit your needs including: medical/dental/vision life insurance short and long term disability coveragepaid 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 .For NY residents please review the following state law information: Notice of Employee Rights Protections and Obligations LS740 () 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.The national salary range for AVP Actuarial - Commercial Property and First Party Lines : $143000.00-$283000.00The expected starting salary range for AVP Actuarial - Commercial Property and First Party Lines : $151000.00 - $253000.00Required Experience:
Exec
Employment Type
Full-Time
