AVP, Finance – Commercial Lines Planning and Decision Support

As a team member in the Finance 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, Internal Audit, 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.

#LI-SJ1

Job Description Summary

Do you have a big picture point of view as well as a keen eye for details? Our success depends on staying ahead of the curve, making sure our businesses and leaders are on top of financial trends and changes. If you are a highly skilled business professional, who can develop and communicate financial information and forecasts, we want to hear from you!

As the AVP, Finance Commercial Lines Planning and Decision Support leader, you’ll oversee the actual and forecasted financial results analysis, reporting, and communications, as well as the Performance Management & Analysis (PM&A) for P&C’s Commercial businesses, including Commercial Lines, E&S/S and NWAG. We’ll count on your combination of financial reporting, PM&A, and assumption setting expertise to influence business strategies, tactics, and product pricing in partnership with leadership.

Job Description

Key Responsibilities: 

• Develops methodologies for key performance management metrics to measure and monitor Commercial Lines growth, profitability, and risk that are used by senior leadership in making informed business, financial, and capital allocation decisions (e.g., return on capital, customer retention, expense ratios, et al.).

• Oversees reporting of actual financial results while partnering with the P&C Actuarial, business unit insights, and centralized PM&A teams to create, understand, and explain actual financial results for the business.

• Oversees PM&A activities including, but not limited to, business performance analysis and recommendations, complex financial analysis, business case development/validation/monitoring, interactions/partnership with key business leaders/influencers, and financial support on product development efforts.

• Provides reporting for both actual and projected financial results. Partners with Planning and Forecasting teams to facilitate the sign off on complex business calculations necessary for actual and projected financial results and actuarial values. Communicates and explains actual and projected financial results to P&C stakeholders to support financial based decision making, including the CFO and Controllership.

• Drives continued evolution of financial reporting processes, approaches, and methodologies, leveraging evolving infrastructure to improve efficiency and increase insights.

• May be responsible for or support in-force management of the business, including rate setting and review, as well as analysis of past and expected profitability supporting in-force management and regulatory compliance.

• Keeps up to date with industry developments on the use of predictive analytics, leveraging any insights for use in pricing and in-force management.

• Supports talent recruiting and development for the P&C Finance job families. Oversee associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and corrective actions for direct and indirect reports.

May perform other responsibilities as assigned. 

Reporting Relationships: Reports to VP, CFO – Commercial Lines. Manages a team of 3-5 professionals. Indirect team of 10-15 professionals.

Typical Skills and Experiences: 

Education: Undergraduate degree in accounting, finance or related fields, advanced studies (e.g., MBA) preferred.

License/Certification/Designation:

Experience: Typically, 10 or more years of experience in financial planning and analysis, pricing or other key Finance functions.

Knowledge, Abilities and Skills: Ability to identify needs of the organization and develop a multi-year strategic plan. Strong demonstrated ability to collaborate across teams and influence to achieve goals. Abili