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AVP, Actuarial Reserving - Operations and Analytics

Nationwide

Nationwide

Operations, Data Science
Columbus, OH, USA
Posted on Wednesday, May 8, 2024
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! 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 role is open to working remotely in the United States.

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Job Description Summary

Ensuring adequate resources to support stability and accuracy of reserves 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 to drive insights on profitability and business insights to drive decision-making. 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 team overseeing Operations & Analytics, 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 partner to Reserving leaders across all business units in P&C to discern trends, continuously improve analytical tools, and deliver timely and accurate reserving insights. 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 to synthesize total results at the P&C and business unit levels.

  • Leads design and management of centralized Reserving best practices and analytics, including leading and communicating P&C wide reserving analyses where appropriate. Drives alignment of terms, definitions, processes, and analytical assumptions across P&C reserving, P&C Finance, and Data Governance.

  • Leads teams responsible for management and continuous improvement of Reserving operations, including tools, data, financial reporting, and diagnostics to support all business units within P&C. Ensures team and individual work product quality via appropriate peer/tech reviews.

  • Evaluates current methodologies and alternative actuarial methods for use for use across some or all of business units within P&C. 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 Experience:

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 require the approval of the hiring manager’s leader and Human Resources Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (not eligible).

Working Conditions: Normal office environment.

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.

We currently anticipate accepting applications until 06/23/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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.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.pdfNationwide 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 - Operations & Analytics : $140,000.00-$277,000.00The expected starting salary range for AVP, Actuarial Reserving - Operations & Analytics : $147,000.00 - $247,000.00