Nationwide Consultant, Pricing (Commercial Auto Insurance) in Harrisburg, Pennsylvania

If you’re passionate about becoming a Nationwide associate and believe you have the potential to be something great, let’s talk.

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

Prepares 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. Serves as subject matter expert on pricing and ratemaking policies, processes, data sources and templates/tools. Accesses variety of data sources and performs complex analyses. Completes sophisticated special assignments and projects. Operates autonomously under minimal guidance and supervision.

Job Description

Reports To: Manager/ Director/Office

Key Responsibilities:

  1. Retrieves and manipulates data; accountable for suitability and accuracy of data.

  2. Proficient in the use of standard actuarial methodologies and continues mastery of advanced actuarial methodologies and insurance concepts. Evaluates alternative methods for use; develops methods to deal with new situations.

  3. Conducts analyses that adhere to actuarial standards of practice: selects appropriate data sources and methods, makes assumptions, recognizes considerations and develops recommendations.

  4. Documents assumptions, methods, sources, considerations; organizes documents.

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

  6. 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.

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

8 Leverages relationships with business partners (Product, Systems, Regional Offices, Regulators, etc.) to achieve routine and more complex assignments. As requested, oversees presentation preparation and/or makes presentations to Home Office, Regional , or other outside audiences.

9, Builds and validates statistical/actuarial models to enhance rating and/or underwriting. Monitors the effectiveness of statistical/actuarial rating and/or underwriting models.

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

  2. Applies appropriate data mining techniques to discover new relationships in the data. Identifies, evaluates and documents new techniques, methodologies and software to support research projects. Develops project plans to support research projects.

  3. Acts as the lead for selected research projects. Proficient with statistical modeling software. Has practical experience in predictive modeling. Accountable for the use of sound statistical models and approaches. Participates, as assigned, in interdisciplinary teams as a team member or as a project leader.

  4. Performs other related duties as assigned.

MINIMUM JOB REQUIREMENTS:

Experience: Minimum seven years experience in a business unit (e.g., pricing, actuarial, product) or combined experience and educational equivalent.

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

Knowledge: Mastery of advanced actuarial methodologies and insurance concepts (perhaps evidenced by CAS designation). Displays command of legal and regulatory requirements in area of assignment as well as pricing procedures and methodologies.

Skills and 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. Ability to effectively operate personal computer and related spreadsheets and data base software.

Staffing Exceptions: Staffing exceptions to the above minimum job requirements must be approved by the: Pricing Officer/Executive and Human Resources.

JOB CONDITIONS:

Overtime Eligibility: Not Eligible (exempt)

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

.This position can be located in Columbus, OH, Des Moines, IA, or Harleysville, PA, and can be filled at the Consultant or Specialist level, depending on the qualifications and experience of the chosen applicant..This person will be a senior-level individual contributor on the Commercial Pricing team, specializing in commercial auto. Primary responsibilities will be planning, organizing and leading pricing activates related to commercial auto line. In addition to some rate review work, key responsibilities will include leading commercial auto projects, rate review process management, management of Tier I projects, process improvements, and template development and maintenance..Qualified candidates must have prior property & casualty insurance pricing experience.

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The ideal candidate will also have:

  • Commercial lines experience, preferably strong in Auto

  • ACAS or FCAS credential

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#actuarial

Job ID: 51543

#nationwide #diversity #veteran #actuarial