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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!
This role will drive strategy and standardization across the actuarial pricing functions for the P&C business. This role can be staffed fully remote and will be staffed at the internal pay band 8.
Preferred skills include:
#LI-SM1
#LI-remote
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 Sr Director of Pricing Analytics & Actuarial Services for P&C, you'll work across the P&C business to establish and maintain the associated actuarial governance necessary to ensure best practices are upheld and continuously improved. You'll develop long-term return and pricing targets at an appropriate level of granularity, design best practices in partnership with the pricing teams, and deliver analytical capabilities to pricing teams to support their role in portfolio management.
Job Description
Key Responsibilities:
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, Actuarial and Risk Practice - Property & Casualty with dotted line reporting relationships with the VP, Pricing leaders. Leads a team of 4 or more direct reports.
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, math, statistics, or related field.
License/Certification/Designation: Fellow or Associate of the Casualty Actuarial Society preferred.
Experience: Typically, ten or more years of related industry experience and five years of people leadership experience. Proven experience in managing change, influencing broadly, and navigating complex organizations.
Knowledge, Abilities and Skills: Knowledge of pricing processes underlying a wide variety of P&C products. Demonstrated ability to collaborate across teams and influence to achieve goals. Strong verbal and written communication skills, including the ability to build and defend a business case. Change-readiness and design thinking skills.
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.
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.
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 Sr Director, Pricing Analytics & Actuarial Services - Property & Casualty : 132,000.00-260,000.00
The expected starting salary range for Sr Director, Pricing Analytics & Actuarial Services - Property & Casualty : 139,000.00 - 233,000.00 ]
Apply NowThis role will drive strategy and standardization across the actuarial pricing functions for the P&C business. This role can be staffed fully remote and will be staffed at the internal pay band 8.
Preferred skills include:
- Previous leadership experience.
- Actuarial pricing experience across multiple lines (including commercial and personal)
- Prior experience in driving organizational change.
#LI-SM1
#LI-remote
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 Sr Director of Pricing Analytics & Actuarial Services for P&C, you'll work across the P&C business to establish and maintain the associated actuarial governance necessary to ensure best practices are upheld and continuously improved. You'll develop long-term return and pricing targets at an appropriate level of granularity, design best practices in partnership with the pricing teams, and deliver analytical capabilities to pricing teams to support their role in portfolio management.
Job Description
Key Responsibilities:
- Partners with other Actuarial Leaders and Executives to develop and maintain a pricing governance framework, including ensuring the process results in appropriate and timely implementation of pricing actions. Partners closely with process owners to ensure the appropriate capabilities are in place to produce desired outcomes.
- Develops and continuously enhances pricing best practices, in partnership with pricing leaders and teams, including performing P&C wide pricing analyses where appropriate. Drives alignment of terms, definitions, processes, and analytical assumptions across P&C pricing.
- In partnership with the VP, Actuarial and Risk Practice leader, designs and executes the holistic risk management program to measure, monitor, and manage financial P&C risks within the scope of the P&C Risk Committee and delegated committees.
- Leads the team responsible for ensuring the target return framework is suitable and desired return levels are achieved. Manages and updates framework to inform and influence pricing strategy and outcomes. Owns model development, maintenance, and output relative to Permissible Loss Ratio (PLR), Internal Rate of Return (IRR), and Target Returns.
- Builds partnerships with Enterprise Risk and Capital Modeling (ERCM) to support risk and capital management initiatives and provide insights on capital topics to the P&C business and finance areas.
- May design, develop, and continuously improve actuarial capabilities prioritized for central delivery, in partnership with appropriate teams depending on the capability, such as Pricing or the Finance Transformation Office.
- Completes performance management, salary planning and administration, training and development, hiring and placement and corrective actions for associates when required.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, Actuarial and Risk Practice - Property & Casualty with dotted line reporting relationships with the VP, Pricing leaders. Leads a team of 4 or more direct reports.
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, math, statistics, or related field.
License/Certification/Designation: Fellow or Associate of the Casualty Actuarial Society preferred.
Experience: Typically, ten or more years of related industry experience and five years of people leadership experience. Proven experience in managing change, influencing broadly, and navigating complex organizations.
Knowledge, Abilities and Skills: Knowledge of pricing processes underlying a wide variety of P&C products. Demonstrated ability to collaborate across teams and influence to achieve goals. Strong verbal and written communication skills, including the ability to build and defend a business case. Change-readiness and design thinking skills.
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.
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.
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 Sr Director, Pricing Analytics & Actuarial Services - Property & Casualty : 132,000.00-260,000.00
The expected starting salary range for Sr Director, Pricing Analytics & Actuarial Services - Property & Casualty : 139,000.00 - 233,000.00
Working at
Nationwide Mutual Insurance Company
Nationwide Mutual Insurance Company is a reputable and established leader in the insurance industry, offering a wide array of insurance and financial services. With a rich history that dates back to 1926, Nationwide has become one of the largest mutual insurance companies in the United States. Nationwide takes pride in its team of talented and highly skilled actuaries who play a critical role in assessing and managing risks. These professionals utilize advanced statistical models and data analysis techniques to evaluate potential risks, forecast future trends, and develop strategies to protect the company and its policyholders. As an actuary at Nationwide, you'll have the opportunity to work with a diverse portfolio of insurance products, including auto, home, life, and commercial insurance. You'll collaborate with cross-functional teams to design and price insurance policies, analyze complex data sets, and provide insights that drive informed business decisions. Nationwide values innovation and invests in cutting-edge technology to stay ahead of industry trends. As an actuary, you'll have access to sophisticated tools and resources that empower you to deliver accurate assessments and innovative solutions. Join Nationwide's actuarial team and embark on a rewarding career where you'll contribute to the company's mission of protecting what matters most to its customers while enjoying professional growth, competitive benefits, and a supportive work environment.