Nationwide Director, Pricing (Commercial Property Casualty Insurance) in Des Moines, Iowa

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Number 54 on the Fortune Magazine 100 Best Places to Work.

Directs the preparation of loss, expense, and premium data for actuarial pricing reviews and/or ratemaking. Estimates future loss and premium results. Trains and approves work of others. Instructs others on company systems, databases, applications, business, policies, practices and regulations. Accesses variety of data sources and performs complex analyses. Acts as a representative of the department in a variety of situations with all levels of internal and external audiences. Accountable for the completion of concurrent sophisticated special assignments and projects. Operates autonomously under minimal guidance and supervision. Identifies, evaluates and documents new techniques, methodologies and software to support research projects. Accountable for project plans to support research projects. Acts as the lead for research projects. Proficient with statistical modeling software. Has practical experience in predictive modeling. Accountable for the use of sound statistical models and approaches.

Job Description

Reports to: AVP/VP; responsible for 6+ direct reports.

Key Responsibilities:

  • Directs the retrieves and manipulation of data; accountable for suitability and accuracy of data.

  • Continues to develop knowledge of advanced actuarial methodologies and insurance concepts. Evaluates alternative methods for use; develops methods to deal with new situations.

  • Ensures others conduct analyses that adhere to actuarial standards of practice: selects appropriate data sources and methods, makes assumptions, recognizes considerations and develops recommendations.

  • Accountable for documentation of assumptions, methods, sources, considerations; organizes documents. Adheres to actuarial standards of practice.

  • Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment.

  • Accountable for communications that are suitable to the audience, concise, logical organizational and grammatically correct with minimum use of actuarial and insurance jargon. Sees that context reflects appropriate analysis.

  • Develops work plans to ensure timely completion of assigned tasks; monitors progress against work plan and takes action to meet plan.

  • Accountable for ensuring that appropriate Peer Tech Reviews are completed; responsible for quality of results of entire work product. Participates in interdisciplinary and interview team activities as assigned.

  • Leverages relationships with business partners (Product, Systems, Regional Offices, etc.) and external players (regulators, etc.) to achieve routine and more complex assignments. Serves as a mentor for others on relationship development and management. Directs presentation preparation and/or makes presentations to Home Office, Regional , or other outside audiences.

  • Professionally represents company's position with regulators, auditors, external vendors; exercises good judgments and keeps manager informed. Negotiates within defined parameters as assigned.

  • Directs the construction and validation of statistical/actuarial models to enhance rating and/or underwriting .Monitors the effectiveness of statistical/actuarial rating and/or underwriting models.

  • Applies and/or oversees the appropriate data mining techniques to discover new relationships in the data.

  • Directs associate management including: performance management, salary planning and administrations, training and development, workflow planning, hiring and placement, and disciplinary actions.

  • Develops and manages assigned budgets.

  • Performs other related duties as assigned.

TYPICAL SKILLS AND EXPERIENCES:

Education: Bachelors degree (preferred) in actuarial science, business, finance, mathematics, statistics, economics or related field with a strong quantitative orientation.

Experience: Minimum ten years related experience (e.g., pricing, actuarial, product) or combined experience and educational equivalent. Previous management experience.

Knowledge: Mastery of standard actuarial methodologies and insurance concepts (perhaps evidenced by Casualty Actuarial Society designation). Displays command of legal and regulatory requirements in area of assignment as well as pricing procedures and methodologies. Demonstrated ability to manage people and projects.

Skills/Competencies: Demonstrated work product accuracy. Effective verbal/written communication skills; Demonstrated ability to comprehend actuarial concepts and other advanced statistical concepts; Demonstrated ability to think logically and perform actuarial methods in a timely manner. Leadership ability when functioning in a management role.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.

JOB CONDITIONS:

Overtime Eligibility: Exempt (Not eligible)

Working Conditions: Normal office environment; extended and/or non-standard work hours based on project and service delivery needs. Travel as needed.

ADA: The above statements cover what are generally believed to the principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.

Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

Job Evaluation Activity: Evaluated March 2006 SMP

Additional Job Description

Please note – qualified candidates for this opening will possess:

  • ACAS credential; FCAS preferred

  • Formal people leadership experience

  • Strong actuarial theory history

  • Practical problem-solving ability

  • The ability to effectively communicate actuarial theory and the application of it to business partners and other individuals outside of the actuarial function

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#actuarialSmoke-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.

Job ID: 52584

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