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! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.
Please Note: This position is open to working remotely in the United States.
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Job Description Summary
As Chief Financial Officer for E&S Specialty and Commercial Lines, you’ll serve as a trusted business advisor to the leaders of Commercial Lines (CL), Excess Surplus & Specialty (ES/S), Small and Middle Markets, and Nationwide Agribusiness. You’ll partner and consult with business and matrix leadership on the development and execution of strategies that effectively position the businesses in extremely competitive industries. We’ll count on you to support product and pricing strategies focused on growth, profitability, and risk management.
Job Description
Key Responsibilities:
Serves as a key influence and participant in the development and execution of strategies that are designed to balance long-term growth, profitability, competitiveness, and risk management in support of the Commercial Lines business. Develops analytics, recommendations, and portfolio solutions in support of product management, operational capabilities, and risk/return constraints.
Leads the businesses planning processes. Provides thought leadership, financial forecasting support, and key initiative reporting for the strategic plan. Develops the annual operating plan and supporting budgets (departmental, non-departmental, corporate allocation projections); and drives prioritization and funding of strategic and tactical initiatives based on the alignment with business plans and strategies.
Provides oversight and leadership to financial analytics and insights including financial modeling & analysis, acquisition/adoption analysis, product profitability, regulatory compliance and Board reporting, case retention and other ad-hoc requests, to ensure appropriate support of the management decision process.
Assesses and quantifies business risks and develops and implements risk management strategies in support of business tactics and goals. Monitors financial business performance against forecasts and assumptions; develops and assesses business opportunities to support business decisions for resource allocation and prioritization around product development and innovation efforts; Analyzes distribution channel and firm profitability.
Actively participates in and influences the product development processes and supports operational teams in the business decision process. Develops and validates all assumptions including expenses and customer behavior.
Develops and maintains strong relationships with key Finance and business leaders to effectively communicate financial performance.
Develops and cultivates an engaging environment for associates that supports both personal and professional development and growth. Works across the organization on training, talent acquisition and development.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to SVP, Chief Financial Officer – Property & Casualty. Leads a team of 5 finance professionals.
Typical Skills and Experiences:
Education: Undergraduate studies in actuarial science, advance analytics, business, finance, mathematics, economics, or related field with strong quantitative orientation. MBA preferred.
License/Certification/Designation:FCAS, ACAS, CPA or similar certifications preferred. Progress toward or completion of CPCU, CLU, or similar designations a plus.
Experience: Typically, ten years or more of related experience in pricing, actuarial, product, advanced analytics. Prior management experience preferred.
Knowledge, Abilities and Skills: Proven extensive knowledge of property and casualty business operations, financial systems, insurance accounting, and financial reporting (GAAP and Statutory). Demonstrated strong financial and technical insurance skills, excellent communication abilities, and demonstrated critical and creative thinking. Proven leadership, including the ability to lead with courage and emotional intelligence, is essential. Must be adept at talent development, building business cases, and providing executive-level recommendations.
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.
Overtime Eligibility: Exempt (Not Eligible)
Working Conditions:Normal office environment. Some travel may be required.
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.
We currently anticipate accepting applications until 12/01/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.
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.
This position could be filled within any of the lower 48 U.S. states.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.
For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdfNationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.The national salary range for VP, CFO - E&S/Specialty & Commercial Lines : $232,500.00-$387,500.00The expected starting salary range for VP, CFO - E&S/Specialty & Commercial Lines : $232,500.00-$387,500.00
