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!

This role will play a key part in the reserving process for Nationwide and Geneva Re, a reinsurance facility partly owned by Nationwide. The role will act as supporting data and reserving expert, assisting with manipulating data, and developing reserving models. This role could cover projects for either 3rd-Party assumed reinsurance exposure (“3rd Party Re”) that is written by Ryan Re, an external MGU, or the direct and assumed program business written by Ryan Specialty Underwriting managers (“RSUM”).

This role will be staffed at the internal pay band of G3. This role may be fully remote.

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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 Technical Consultant, you’ll be an actuarial technical expert for planning, driving, communicating and executing projects that may impact multiple lines of business and/or administrative areas. Additionally, you will provide expertise, including consultation and recommendations, for ratemaking or reserving purposes.

This position has the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the opportunity to work on various actuarial teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.

Job Description

Key Responsibilities: 

• Has in depth knowledge of actuarial methodologies the ability to source and manipulate complex data within standard requirements.

• Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations. Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment.

• Documents assumptions, methods, sources and considerations in an organized fashion.

• Prepares and presents actuarial findings and documents that are suitable for technical and non-technical audiences at the senior Actuarial leadership level. May professionally represent company's position with regulators, auditors, and external vendors.

• Develops work plans and ensures accurate work product is delivered.

• Leads peer reviews to increase collaboration, ensure quality work and drive innovation.

• Applies data mining techniques used to identify new relationships in data and makes recommendations based on findings. Builds and validates models in different software packages. Explores the use of new software packages. Has practical use of predictive modeling.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader.

Typical Skills and Experiences: 

Education: Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis preferred. Post graduate degree preferred

Experience: Generally, seven years of related experience in actuarial and statistical support role.

Knowledge, Abilities and Skills: Proven general knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in 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 the Nationwide Values.

Job Conditions: 

Overtime Eligibility: Exempt (Not Eligible) 

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.

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 Actuarial Technical Consultant, PC : 81,000.00-168,000.00

The expected starting salary range for Actuarial Technical Consultant, PC : 90,000.00 - 136,000.00