[Hiring] AVP, Property & Casualty Pricing Leader @Nationwide

Role Description

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.

Key Responsibilities:

• Develop and implement comprehensive pricing strategies for specific P&C insurance products.
• 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.
• Manage 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.
• May perform other responsibilities as assigned.

Qualifications

• Undergraduate studies in actuarial science, business, finance, mathematics, economics, or related field with strong quantitative orientation.
• Fellow of the Casualty Actuarial Society (FCAS) designation preferred.
• Typically, ten years related experience (pricing, actuarial, product). Five years prior management experience preferred.

Requirements

• 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.

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.
• And more.