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!

ADDENDUM: This leader will be responsible for Standard Commercial Lines, Agribusiness and Mass Torts exposures.

Job Description Summary
Ensuring adequate resources to support claims is one of the ways we fulfill our promise to our customers. Working closely with business leaders throughout Nationwide's Property & Casualty (P&C) organization, we provide the data and expertise they need for appropriate reserving. If you are a leader with analytical skills, business and insurance knowledge and the ability to communicate complex information to a variety of partners - internal and external - we want to hear from you!

As an AVP, you'll lead the Reserving function for a significant and complex business unit, including special assignments and projects often involving complex analyses using sound actuarial techniques and judgment. You'll also train and approve the work of others while acting as a representative of the department in a variety of situations with all levels of internal and external audiences. You'll serve as a key business partner with Pricing, Claims, Underwriting and Finance to discern trends and drive business outcomes, which may include partnering with pricing actuaries and finance to assess current and future performance and ensure that appropriate rate levels are achieved and financial forecasts are appropriate. We'll count on you to also identify, evaluate, and document new techniques, methodologies and software to support analysis efforts.

Job Description

Key Responsibilities:

• Delivers clear, actionable, and tailored communications and presentations to share insights and drive business outcomes for use with senior management and other key business partners.
• Leads a team responsible for the management of Reserving for a significant and complex business unit. Ensures team and individual work product quality via appropriate peer/tech reviews.
• Evaluates current methodologies and alternative actuarial methods for use. Develops methods to deal with new situations, adhering to CAS standards of practice. Resolves unreasonable results and non-optimal solutions using experience and professional judgment.
• Trains staff, defines training requirements, and oversees training by others. Performs all activities related to hiring and supervision of staff, which may include multiple units. Addresses employee concerns and remains aware of the performance levels for all indirect reports.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to VP, Actuarial Reserving - P&C. Leads a team of 4 or more associates.

Typical Skills and Experiences:

Education: Undergraduate degree in actuarial science, mathematics, statistics or related field with a strong quantitative orientation preferred.

License/Certification/Designation: Membership in the Casualty Actuarial Society (typically Fellowship).

Experience: Typically, ten or more years of experience in an actuarial function with five years of managerial experience.

Knowledge, Abilities and Skills: Mastery of actuarial techniques and insurance operations, laws and regulations. In-depth knowledge regarding leadership skills, strategy development and execution. Outstanding oral/written communication skills. Proven ability to handle complex tasks/projects, manage people and functional area. Effective group presentation skills. Computer/software skills appropriate for the position.

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.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Some travel may be required.

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.

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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.

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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

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 Reserving - Property & Casualty : $140,000.00-$277,000.00

The expected starting salary range for AVP, Actuarial Reserving - Property & Casualty : $147,000.00 - $247,000.00