AVP, Actuarial - Agribusiness

Employer
Nationwide
Location
Des Moines, Iowa
Salary
Not Specified
Posted
Feb 21, 2024
Closes
Apr 21, 2024
Ref
Iowa---Des-Moines/AVP--Actuarial---Agribusine
Category
Actuary
Job Type
Not Specified
Career Level
Not Specified
Workplace
In-Office
As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey!

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Job Description Summary

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 the AVP, Actuarial for Agribusiness, you'll lead the actuarial team providing pricing and rate planning support for Agribusiness. You'll review pricing enhancements and consult with leaders on the impact of potential changes. We'll count on you to educate our partners on product and pricing strategy and advance our capabilities across Agribusiness.

Job Description

Key Responsibilities:

  • Leads and manages the Agribusiness actuarial team, which provides analytical and strategic support to underwriting and product on pricing, predictive modeling, indications, reinsurance, and catastrophe management issues; performance measurement and analysis to claims; and significant input to the financial reporting and planning functions including loss and loss adjustment expense reserve analysis and recommendations for the Agribusiness group.

  • Manages and influences product/regional team interaction including overseeing pricing and the state rate review process for all lines of business. Responsible for educating and influencing business partners relative to product and pricing strategy.

  • Develops and implements new segmentation and rate-making methodologies. Serves on several regional and cross-functional teams and provides pricing related consultation.

  • Responsible for the development of pricing and (permissible) loss ratio plans. Responsible for establishing rate forecasts for planning which includes coordination of initiatives and effective dates.

  • Reviews proposed pricing process enhancements and researches industry best practices/competition to evaluate the benefits and potential unintended consequences of proposed actions.

  • Responsible for modeling and data analytic enhancements, including oversight of actuarial/statistical methodologies.

  • Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and disciplinary actions for direct and possibly indirect reports. Responsible for budget administration.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to VP, Strategic Pricing Leader – CL, E&S/S, & NWAG; manages a team of four or more direct reports.

Typical Skills and Experiences:

Education: Undergraduate degree in actuarial science, business, finance, mathematics, economics, or related field with strong quantitative orientation.

License/Certification/Designation: Casualty Actuarial Society designation of Fellow, FCAS, or Associate, ACAS (Fellowship is preferred but qualified ACAS candidates will be considered), CPCU or industry related designation preferred.

Experience: Typically, ten or more years of significant technical and managerial experience in actuarial field.

Knowledge, Abilities and Skills: Excellent technical, communications, strategic and leadership skills.

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 Human Resource Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment.

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

Benefits

We have an array of benefits to fit your needs, including: 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. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

Smoke-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.


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