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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
ESS strategy focuses on selling Specialty Products that require both technical and product expertise to price. Underwriters in this space are specialists and required specialists on the pricing side. The Specialty products focus on niche players with specific product expertise. The products include D&O, E&O, Fidelity, Fiduciary, Cyber, Surety, and High Excess Casualty.
As the AVP of Specialty Pricing, you will work with Specialty Underwriting to ensure achievement of price adequacy and achieve business outcomes. Additionally, you'll lead and manage pricing strategy, indications, analysis, and measurement of rate achieved for Specialty Lines of Business. You will be a key leader and thought partner within the Specialty leadership team. You will also be tasked with advancing tools and techniques within the excess & surplus/Specialty Lines and have a laser focus on developing talent within the pricing space.
Job Description
Key Responsibilities:
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, Strategic Pricing Leader. Manages a team of 4+ associates with 10 or more indirect reports.
Typical Skills and Experiences:
Education: B.S. or B.A degree strongly preferred. MBA or equivalent desirable
License/Certification/Designation: Fellowship or Associateship in Casualty Actuary Society required.
Experience: Typically, 10 or more years professional actuarial experience in Specialty and Specialty Market.
Knowledge, Abilities and Skills: Proven management lines and specialty market knowledge. Demonstrated ability at leadership, coaching, and strong communication skills with all levels of an organization. Possesses excellent leadership and technical actuarial skills. Enjoys learning modern techniques and how to use emerging tools in actuarial science.
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, Pricing - E&S Specialty : 155,000.00-305,000.00
The expected starting salary range for AVP, Pricing - E&S Specialty : 163,000.00 - 273,000.00 ]
Apply NowJob Description Summary
ESS strategy focuses on selling Specialty Products that require both technical and product expertise to price. Underwriters in this space are specialists and required specialists on the pricing side. The Specialty products focus on niche players with specific product expertise. The products include D&O, E&O, Fidelity, Fiduciary, Cyber, Surety, and High Excess Casualty.
As the AVP of Specialty Pricing, you will work with Specialty Underwriting to ensure achievement of price adequacy and achieve business outcomes. Additionally, you'll lead and manage pricing strategy, indications, analysis, and measurement of rate achieved for Specialty Lines of Business. You will be a key leader and thought partner within the Specialty leadership team. You will also be tasked with advancing tools and techniques within the excess & surplus/Specialty Lines and have a laser focus on developing talent within the pricing space.
Job Description
Key Responsibilities:
- Provides focus and consistent leadership for the pricing function for Specialty Lines of Business.
- Thought leader and key driver for adoption of advanced analytics tools and techniques to deliver pricing advantage in partnership with advanced analytics team.
- Overseeing program new product analysis and vetting.
- Provides actuarial support for reinsurance transactions and negotiations.
- Ensures timely delivery of actuarial requirements for tools and systems.
- Partners with Reserving, Specialty leadership, Finance, other ESS Pricing Leaders, enterprise-wide Pricing Leaders, Data and Analytics, and centralized finance and actuarial tools shop.
- Focuses on pricing talent and skills & tools of the future.
- 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.
- Oversees and leads associate management to include performance management, talent management, engagement, salary planning and administration and resource demand management strategies.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, Strategic Pricing Leader. Manages a team of 4+ associates with 10 or more indirect reports.
Typical Skills and Experiences:
Education: B.S. or B.A degree strongly preferred. MBA or equivalent desirable
License/Certification/Designation: Fellowship or Associateship in Casualty Actuary Society required.
Experience: Typically, 10 or more years professional actuarial experience in Specialty and Specialty Market.
Knowledge, Abilities and Skills: Proven management lines and specialty market knowledge. Demonstrated ability at leadership, coaching, and strong communication skills with all levels of an organization. Possesses excellent leadership and technical actuarial skills. Enjoys learning modern techniques and how to use emerging tools in actuarial science.
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, Pricing - E&S Specialty : 155,000.00-305,000.00
The expected starting salary range for AVP, Pricing - E&S Specialty : 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.