AVP, Actuarial Modernization - Property & Casualty

NationwideColumbus, OH
Remote

About The Position

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! 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: Qualified applicants may perform this role remotely from locations within the United States. Periodic travel to headquarters is expected. #LI-ML1 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.

Requirements

  • The candidate should have a BS degree or greater
  • 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.
  • 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.

Nice To Haves

  • FCAS designation is preferred

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.

Benefits

  • 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

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What This Job Offers

Job Type

Full-time

Career Level

Executive

Number of Employees

1,001-5,000 employees

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