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 a part of the Actuarial Rotation program. The Nationwide P&C Actuarial Development program (the “Program”) is preparatory in design with the goal to produce talent and graduate associates from the Program that are competent in core actuarial functions and our business. Participants in the Program receive 3 major benefits for being in the Program: 1. Study Time, 2. Reimbursement for fees and materials for exams, 3. Compensation for successful completion of exams. In exchange for these benefits and continuation in the Program, Participants are required to satisfy minimum progress requirements based on their exams and their overall performance.

This role requires the following skills and experience:

• A minimum of 4 CAS exams need to be passed
• Strong Excel skills
• Prior experience in soloving complex problems

This role will be filled at the F internal band. This role can 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 an Actuarial Specialist, you’ll gain a more thorough knowledge of our actuarial functions for our P&C products. You’ll also perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers.

This position has the opportunity 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. 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: 

• Continues to develop deeper knowledge of actuarial methodologies, allowing the ability to source and manipulate more complex data within standard requirements.

• Conducts analyses that adhere to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations. Notes and suggests potential resolution to any unreasonable results and reports to leader.

• Accurately 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.

• 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 business 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.

• Uses data mining techniques to identify new relationships in data. Gains understanding and the ability to build models in different software packages. Explores the use of new software packages. Has basic knowledge of predictive modeling.

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 four 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:  Generally, three or more years of actuarial experience.

Knowledge, Abilities and Skills:  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 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.

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 Specialist, Actuarial - P&C : 73,500.00-152,000.00

The expected starting salary range for Specialist, Actuarial - P&C : 81,500.00 - 122,500.00