We are thrilled to announce a unique job opportunity that promises not just a new career path but a journey of growth and learning in the pet insurance industry. This role is tailored to nurture your professional development through hands-on development in a sector that is making waves in the insurance market.
Why Choose a Career in Pet Insurance? The pet insurance industry is a testament to our society's love for pets, offering a safety net for the unexpected and ensuring the well-being of our furry family members. It's a sector that is experiencing exponential growth, with pet insurance premiums expected to reach $10 billion by 2025. By joining this field, you will be at the forefront of an industry that is not only financially rewarding but also emotionally fulfilling.
Your Career Growth: This position is more than a job; it's a career trajectory that will see you evolve from a Sr. Analyst to a key player in the pet insurance space. You will gain expertise in a niche market, learn from seasoned professionals, and have the opportunity to innovate in an industry that values creativity and strategic thinking.
Our Team: We're a nimble team of pricing actuaries looking to revolutionize the pet insurance space! Our responsibilities include managing rates for our industry-leading products, putting together rate filing support, keeping up with competitors' strategies, and building innovative pricing models to take our pet products to the next level. We are trusted advisors who work closely with our friends and business partners in Product and Finance.
Who You Are: You are a highly analytical pricing actuary who cares about pets and insurance! You are looking for a role where you can apply your analytical skills, work on challenging projects, and make a real impact.
Preferred skills include:
- SQL or familiarity with similar querying language
- R or Python programming experience
- Prior pricing experience
This position can be fully remote. It will be staffed at the E4 pay band.
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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 a Senior Analyst, you'll be expected to learn about the insurance and finance industry, products Nationwide provides and a variety of actuarial software. You will be trained in company and business operations while performing mathematical and quantitative actuarial analyses essential to the success of Nationwide and the protection we provide our customers.
This position is expected to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions. You will be expected to participate in three rotations of two years each. Full program details will be provided to you upon your start date.
Job Description
Key Responsibilities:
- Begins to develop knowledge of actuarial methodologies, allowing the ability to source and manipulate data within standard requirements.
- Conducts analysis, that adheres to actuarial standards, by selecting appropriate data sources and making assumptions to develop recommendations. Notes any unreasonable results and reports to leader.
- Documents assumptions, methods, sources, and considerations in an organized fashion.
- Prepares actuarial findings and documents that are suitable for technical and non-technical audiences.
- Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines.
- Participates in peer reviews to increase collaboration, ensure quality work, and drive innovation.
- Begins developing business relationships across property and casualty multi-channel finance to provide extraordinary care to all customers.
- Completes all required training in a timely manner.
- Develops understanding of data mining techniques used to identify new relationships in data. Gains understanding of, and the ability to use, modeling software.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to an Actuarial, Analytics, or Risk Management leader.
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis.
License/Certification/Designation: Generally, has passed one or more actuarial exams and is actively enrolled into the Actuarial Development Program. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: No actuarial experience required. Typical candidate may have internship, associate rotation, associate teaching, or tutoring experience.
Knowledge, Abilities and Skills: Basic understanding or ability to learn Microsoft Office products, analytical software and programming languages. Should have basic competencies including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability.
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 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.
We currently anticipate accepting applications until 05/01/2024. 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.pdf
Nationwide 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 Sr Analyst, Actuarial - P&C : $59,500.00-$123,000.00
The expected starting salary range for Sr Analyst, Actuarial - P&C : $66,000.00 - $99,000.00
Working at
Nationwide Mutual Insurance Company
Nationwide Mutual Insurance Company is a reputable and established leader in the insurance industry, offering a wide array of insurance and financial services. With a rich history that dates back to 1926, Nationwide has become one of the largest mutual insurance companies in the United States. Nationwide takes pride in its team of talented and highly skilled actuaries who play a critical role in assessing and managing risks. These professionals utilize advanced statistical models and data analysis techniques to evaluate potential risks, forecast future trends, and develop strategies to protect the company and its policyholders. As an actuary at Nationwide, you'll have the opportunity to work with a diverse portfolio of insurance products, including auto, home, life, and commercial insurance. You'll collaborate with cross-functional teams to design and price insurance policies, analyze complex data sets, and provide insights that drive informed business decisions. Nationwide values innovation and invests in cutting-edge technology to stay ahead of industry trends. As an actuary, you'll have access to sophisticated tools and resources that empower you to deliver accurate assessments and innovative solutions. Join Nationwide's actuarial team and embark on a rewarding career where you'll contribute to the company's mission of protecting what matters most to its customers while enjoying professional growth, competitive benefits, and a supportive work environment.