As a team member in the Finance 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, Internal Audit, 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.
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, you’ll be responsible for leading the development and implementation of pricing strategies across Commercial Property and First Party Lines product line(s). You’ll oversee the pricing team, ensure compliance with regulatory standards, and work closely with senior leadership to achieve the company’s financial goals. You’ll play a critical role in driving profitability, competitiveness, and innovation within the pricing function.

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 manager’s leader and HR Business Partner. Depending on level, the approvers may change.
Values: Regularly and consistently demonstrates the Nationwide Values.

• 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 Nationwide’s 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 3–7 direct reports, with up to 30 indirect reports.