Position Overview: We are seeking a highly skilled Actuarial Sr. Consultant to join our Life Products Financial Reporting and Forecasting team. This position requires a deep understanding of actuarial principles, strong analytical skills, and the ability to communicate complex concepts effectively. The candidate will play a pivotal role on the team, where they will be responsible for developing, maintaining, and communicating the results of life insurance forecasts.
Key Responsibilities:
- Mentor and provide guidance to junior actuarial staff.
- Familiarity with and maintenance of actuarial models using ALFA, AXIS, or similar programs.
- Utilize SQL and Tableau for data analysis and visualization to support decision-making processes.
- Collaborate with cross-functional teams to gather necessary data and insights.
- Present findings and recommendations to senior management and stakeholders.
- Apply knowledge of Long-Term Disability Insurance (LTDI) to enhance forecasting accuracy.
Qualifications:
- Associate of the Society of Actuaries (ASA) designation is required.
- Fellow of the Society of Actuaries (FSA) designation or near-FSA status is preferred.
- Proven experience in actuarial modeling, particularly with ALFA, AXIS, or similar programs.
- Proficiency in Excel, and data visualization tools such as Tableau or Power BI.
- Strong analytical and problem-solving skills.
- Excellent communication and leadership abilities.
Additional Information:
- This position will be staffed at the G5 pay band.
- The role offers the flexibility to work fully remote.
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Job Description Summary
Our Nationwide Financial (NF) 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 an Actuarial Senior Consultant, you'll need to have detailed familiarity with business operations, systems, and actuarial methodologies. We'll count on you to be adept at sophisticated actuarial techniques and work independently to combine advanced actuarial and business knowledge to provide high-level analysis. Additionally, you'll provide consultation and recommendations on deliverables and maintain detailed documentation of actuarial models and analyses. You'll work independently and may lead others.
Job Description
Key Responsibilities:
- Compiles, categorizes, and analyzes sophisticated data sets.
- Builds complicated testing tools and conducts detailed analysis of product calculations.
- Constructs, maintains, and performs Actuarial, Projection, and Valuation Models.
- Builds financial reporting tools and completes analysis.
- Prices and implements products.
- Conducts complicated risk analysis.
- Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
- Performs reinsurance analysis and pricing.
- Crafts effective communication strategies and recommendations to leadership. Develops supporting documentation.
- Leads cross functional peer reviews to increase collaboration, ensure quality work, and drive innovation.
- Builds business relationships and leads cross functional communication with team members, customers, and business partners.
- Leads onboarding and training for new associates on standard work processes. Assists in creating new training materials.
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, or similar background requiring modeling, programming, or quantitative analysis.
License/Certification/Designation: Generally attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA or recently attained FSA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: Typically, four to seven years of actuarial experience.
Knowledge, Abilities and Skills: Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Should have basic competencies including: command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Should have highly-developed competencies for: 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 12/16/2024. 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.
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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 Consultant, Actuarial - NF : $101,000.00-$209,000.00
The expected starting salary range for Sr Consultant, Actuarial - NF : $112,000.00 - $168,000.00
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.