AVP, Property & Casualty Pricing Leader - Auto

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.

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 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; Monitor the financial performance of P&C insurance products to ensure they meet profitability targets; Identify and address 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, 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; 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

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); 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; Strong verbal and written communication skills, including the ability to build and defend a business case and 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

Nice to have

Fellow of the Casualty Actuarial Society (FCAS) designation preferred; Five years prior management experience preferred; 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