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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!
Job Description Summary
The executive will fill the role of business delivery executive and program business lead, leading the Actuarial Modernization program from a P&C business perspective. In this capacity, the candidate will have accountability for the successful implementation of Actuarial Modernization, including leading the strategic redesign of the P&C Actuarial Operations and talent initiatives across the actuarial workforce. Additionally, this role will oversee the implementation of updated data, modeling and analysis technology used in a well-governed and risk-managed environment to support our increasingly complex business.
Job Description
Key Responsibilities:
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, P&C Actuarial Modernization. Manages a team 4 or more associates. As program leader, have oversight over work stream and project teams with dedicated NW resources. Responsible for consultant engagements throughout program.
Typical Skills and Experiences:
Education: The candidate should have a BS degree or greater
License/Certification/Designation: FCAS designation is preferred
Experience: The candidate would have 15 plus years of experience in the field of modeling, risk management, financial projections, valuation, product development or other key actuarial functions.
Knowledge, Abilities and Skills: Strategic thinking - ability to identify needs of the organization and develop a multi-year strategic plan. Partnership / Collaboration - strong demonstrated ability to collaborate across teams and influence to achieve goals
Leadership - ability to attract, hire and develop strong talent. Communication skills - strong verbal and written communication skills, including the ability to build and defend a business case, provide executive level recommendations and reporting. Actuarial / Financial acumen & analytical skills - 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. Technical skills - 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.
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 AVP, Actuarial Modernization - Property & Casualty : 155,000.00-305,000.00
The expected starting salary range for AVP, Actuarial Modernization - Property & Casualty : 163,000.00 - 273,000.00 ]
Apply NowJob Description Summary
The executive will fill the role of business delivery executive and program business lead, leading the Actuarial Modernization program from a P&C business perspective. In this capacity, the candidate will have accountability for the successful implementation of Actuarial Modernization, including leading the strategic redesign of the P&C Actuarial Operations and talent initiatives across the actuarial workforce. Additionally, this role will oversee the implementation of updated data, modeling and analysis technology used in a well-governed and risk-managed environment to support our increasingly complex business.
Job Description
Key Responsibilities:
- Leads the strategy to redesign P&C Actuarial operations, tools / platforms, and talent models to optimize processes, roles, and responsibilities across the function. Develops workforce strategies to evolve the P&C actuarial profession in the areas of recruitment, professional development, and retention to attract, develop and retain an industry-leading actuarial team.
- Fulfill responsibilities of business delivery executive for the Actuarial Modernization program, leading a program team to design and implement solutions that can meet the needs of the business and leveraging IT where possible. Specifically, leads the program team through making business needs and challenges transparent and ensuring prioritization and program decisions support the goals of the program.
- Fulfill responsibilities of program business lead, responsible for properly connecting individual work streams and projects, ensuring that individual project goals and outcomes connect to result in the overall benefits that the program is seeking. Working with Program Requirements lead, ensure overall integrity and consistency of business goals and process definitions, allowing for well-designed requirements, design, and implementation.
- Working with Organizational Change Management, identify organizational change impact and training needs, change management strategy, and lead organization change management (including communication) strategies ensuring that users are prepared to accept and efficiently use new processes and technologies.
- Oversee transition to new target operating model using a new model platform, including model risk management in line with Enterprise standards, supported by model transition team.
- Oversee implementation of data governance in line with Enterprise standards and use of newly created data infrastructure, supported by data governance and data work stream leads.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, P&C Actuarial Modernization. Manages a team 4 or more associates. As program leader, have oversight over work stream and project teams with dedicated NW resources. Responsible for consultant engagements throughout program.
Typical Skills and Experiences:
Education: The candidate should have a BS degree or greater
License/Certification/Designation: FCAS designation is preferred
Experience: The candidate would have 15 plus years of experience in the field of modeling, risk management, financial projections, valuation, product development or other key actuarial functions.
Knowledge, Abilities and Skills: Strategic thinking - ability to identify needs of the organization and develop a multi-year strategic plan. Partnership / Collaboration - strong demonstrated ability to collaborate across teams and influence to achieve goals
Leadership - ability to attract, hire and develop strong talent. Communication skills - strong verbal and written communication skills, including the ability to build and defend a business case, provide executive level recommendations and reporting. Actuarial / Financial acumen & analytical skills - 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. Technical skills - 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.
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 AVP, Actuarial Modernization - Property & Casualty : 155,000.00-305,000.00
The expected starting salary range for AVP, Actuarial Modernization - Property & Casualty : 163,000.00 - 273,000.00
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.