AVP Actuary (Pricing, Excess & Surplus, Specialty Programs)

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! 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.

This position is open to working remotely in the United States.

Job Description Summary

Our Property and Casualty (P&C) Actuarial team members have opportunities to use state-of-the-art tools, are encouraged to innovate, and learn to master actuarial methodologies. If this sounds like a place you could thrive, then we want to know more about you! As the AVP of E&S Specialty Programs Pricing, you will work with Underwriting (UW) to ensure achievement of price adequacy and achieve business outcomes.

You'll lead and manage pricing strategy, indications, analysis, and measurement of rate achieved for these lines of business. You will be a key leader and thought partner within the Programs and Alternative Ventures leadership team. Key organizational partnerships include Reserving, UW leadership, Finance, other Pricing Leaders, Data and Analytics, and centralized finance and actuarial tools shop.

You will be tasked with advancing tools and techniques within the Excess & Surplus/Programs lines and have a laser focus on developing talent within the pricing space.

Key Responsibilities:

• Develops strategy and consistent leadership for the pricing function for Programs lines of business.
• Provides thought leadership and drives advanced analytics tools and techniques to deliver pricing advantage in partnership with advanced analytics team.
• Oversees Program new product analysis and vetting while working across the enterprise with key partners.
• Provides actuarial support for reinsurance transactions and negotiations.
• Ensures timely delivery of actuarial requirements for tools and systems.
• Influences business decisions and collaborates in strategic planning and policy development for the company as well as tactical planning for a specific division. Ensures execution of corporate initiates.
• Hires, develops and manages actuarial/finance talent. Responsible for talent and succession planning.

Reporting Relationships:

Reports to VP, Strategic Pricing Leader - CL, E&S/S, & NWAG; manages a team of four direct reports and nine indirect reports.

Typical Skills and Experiences:

Education: Undergraduate studies in actuarial science, business, finance, mathematics, economics, or related field with strong quantitative orientation preferred. MBA or equivalent desirable.

License/Certification/Designation: Fellowship in Casualty Actuary Society preferred. Associate in the Casualty Actuarial Society required.

Experience: Typically, ten or more years related experience (pricing, actuarial, product) with Specialty and Programs. Prior management experience required.

Knowledge, Abilities and Skills:

Excess and surplus lines market knowledge. Proven track record in dramatically improving existing actuarial processes as well as envisioning and delivering completely new processes. Ability to identify 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. Demonstrated strong verbal and written communication skills, including the ability to build and defend a business case, provide executive level recommendations and reporting. Proven ability to comprehend and 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 manager's leader and Human Resource Business Partner.

Values:

Regularly and consistently demonstrates Nationwide Values.

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 05/08/2024. 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 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.

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.

The national salary range for AVP, Pricing - E&S Specialty Programs : $159,000.00-$313,000.00

The expected starting salary range for AVP, Pricing - E&S Specialty Programs : $167,000.00 - $279,000.00