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Nationwide Mutual Insurance Company

Nationwide Mutual Insurance Company

Actuarial Sr Analyst - Alternative Ventures (E&S/Specialty)

Actuarial Sr Analyst - Alternative Ventures (E&S/Specialty)

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Job Details
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Uploaded On
September 7, 2024
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Location
Columbus, United States
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Remote?
No
Company Overview
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Headquarters
Columbus, OH
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Number of Employees
27000
Estimated Number of Actuaries
335
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
77%
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Overall Score
4.0 / 5

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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.

Job Opportunity: Actuarial Sr. Analyst - P&C Excess & Surplus Pricing

About the Role: We are seeking a dynamic and innovative Actuarial Analyst to join our team. This role is perfect for someone who thrives on challenges, enjoys thinking outside the box, and is eager to make a significant impact. You will be supporting program pricing, peer review, indications, and learning trends.

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.

Key Responsibilities:
  • Program Pricing: Assist in developing and maintaining pricing models.
  • Peer Review: Conduct thorough reviews of actuarial work to ensure accuracy and compliance.
  • Indications: Analyze data to provide accurate loss indications.
  • Learning Trends: Stay updated with the latest industry trends and incorporate them into your work.
  • Strategy Execution: Collaborate with business partners to execute strategic initiatives.


Experience: We are looking for candidates that meet the following criteria:
  • No actuarial experience required. Typical candidate may have internship, associate rotation, associate teaching, or tutoring experience.
  • Has passed at least 2 CAS exams and is interested in pursuing the Associate and Fellow designations.

What We're Looking For:
  • Innovative Thinker: Must be willing to try new things and think outside the box.
  • Autonomous Worker: Ability to take the ball and run with it, working independently with minimal supervision.
  • Collaborative Communicator: Comfortable reaching out and discussing strategies with business partners.

Technical Skills:
  • Excel: Advanced proficiency required.
  • SQL: Strong knowledge and experience.
  • R or Python: Proficiency in at least one of these programming languages.

Work Arrangements:
  • This role will be located in the Columbus, Ohio office. Relocation assistance may be available.


This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.

Compensation Band: E4

#LI-SM1

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 Student Program. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL STUDENT 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.

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.
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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.

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