Actuarial Technical Sr. Analyst - P&C Commercial Lines
About the Role: We are seeking a dynamic and innovative Actuarial Technical 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 not a part of the P&C Actuarial Rotation Program as it sits in the technical development track.
Key Responsibilities:
- Producing manual pages in support of state rate filings.
- Performing system rate uploads in support of rate changes and rating defect resolution.
- Preparing data for individual account rating.
- Project work related to enhancing templates and processes or ad hoc data requests.
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.
Technical Skills:
- Excel: Advanced proficiency required.
- VBA: Strong knowledge and experience preferred.
- SQL: Strong knowledge and experience preferred.
- R or Python: Proficiency in at least one of these programming languages preferred.
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.
Work Arrangements:
- This position will ideally be located in the Columbus, Ohio or Des Moines, IA offices. 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.
This role will be staffed at the internal payband of E3.
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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 continue to learn more advanced actuarial methodologies and insurance concepts through reading, training sessions and work assignments. We'll count on you to prepare loss, expense, and premium data for actuarial pricing reviews, ratemaking and/or reserving and estimate future loss and premium results.
This position is expected 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. 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:
- Continues to develop deeper knowledge of actuarial methodologies allowing the ability to source and manipulate more complex data within standard requirements. Estimates future loss and premium results.
- Conducts analyses that adheres to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations. Will note and suggest potential resolution to any unreasonable results and report to leader.
- Documents assumptions, methods, sources, and considerations in an organized fashion
- Prepares and presents actuarial support 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 and possible impact.
- Performs peer reviews to increase collaboration, ensure quality work, and drive innovation
- Continues to develop relationships across PC multi-channel finance. Begin developing relationships in other areas of finance to gain business acumen.
- Assists with onboarding and training new associates on standard work processes.
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
Experience: Generally, three years related experience in an actuarial and statistical support role.
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 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.
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.