AVP, Property & Casualty Pricing Leader - Auto

Nationwide•Ohio-Work from Home-2, OH

2d•$154,000 - $258,000•Remote

About The Position

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 an AVP of Pricing for Nationwide, you’ll be responsible for leading the development and implementation of pricing strategies across a designated Property & Casualty (P&C) product line(s). You’ll oversee the pricing team, ensure compliance with regulatory standards, and work closely with senior leadership to achieve the company’s financial goals. You’ll play a critical role in driving profitability, competitiveness, and innovation within the pricing function.

Requirements

Undergraduate studies in actuarial science, business, finance, mathematics, economics, or related field with strong quantitative orientation.
Typically, ten years related experience (pricing, actuarial, product).
Five years prior management experience preferred.
Proven ability to identify needs of the organization and develop a multi-year strategic plan.
Demonstrated ability to collaborate across teams and influence to achieve goals.
Ability to attract, hire and develop strong talent.
Possess strong verbal and written communication skills, including the ability to build and defend a business case, provide executive level recommendations and reporting.
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.
Foundational knowledge of technology and actuarial data and tools; advanced modeling experience preferred.

Nice To Haves

Fellow of the Casualty Actuarial Society (FCAS) designation preferred.

Responsibilities

Develop and implement comprehensive pricing strategies for specific P&C insurance product. Align pricing strategies with overall business objectives and market conditions.
Provide strategic direction and leadership to the pricing team to help ensure that overall product line objectives (DWP, new writings, retention, loss ratio) are achieved.
Oversee the development and maintenance of actuarial models and pricing tools. Ensure robust data analysis to support pricing decisions and risk assessments. Monitor and evaluate the effectiveness of pricing models and strategies.
Partner closely with leaders of product, finance, actuarial, analytics and other departments to ensure cohesive pricing strategies.
Monitor the financial performance of P&C insurance products to ensure they meet profitability targets. Identify and address any issues impacting the performance of pricing strategies.
Provide regular performance reports, pricing recommendations, actionable insights, and financial impacts to senior management.
Ensure all pricing practices comply with state and federal regulatory requirements. Manages all rate reviews, state and countrywide indications. Manage regulatory filings and communications related to pricing.
Stay informed about changes in insurance regulations and adjust pricing strategies accordingly.
Support other special projects or ad hoc initiatives (e.g., assisting with strategic partnerships, audits, etc.).
Oversee associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day- to-day management and escalations, hiring and placement, and disciplinary actions for direct and indirect reports.

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