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.

Please Note: This position is preferred to sit in Columbus, OH, but is open to working remotely in the United States.

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 the Sr AVP, NF Actuarial Modeling, you'll lead all aspects of developing, maintaining, and executing integrated actuarial infrastructure including data, models, processes, controls and analytic applications that critically enable all major actuarial functions including pricing, valuation, planning, liquidity, regulatory and risk management. You'll oversee continued evolution and expansion of data governance as well as the analytic infrastructure using modern business intelligence and leveraging new data infrastructure. You'll also oversee development efforts created by external (e.g. accounting and regulatory changes) and internal (e.g. new and updated products, infrastructure changes) events that affect large portions of data/model/analytic infrastructure. We'll count on you to interface with Information Technology (IT) to establish and execute on Actuarial technology that supports the evolving needs in the modeling and analysis spaces, covering actuarial modeling, distributed and cloud computing, process scheduling, administration, and security.

Job Description

Key Responsibilities:

• Executes and maintains Actuarial Model Development Cycle across modeling platforms including model conversions as well as ongoing model development activities; ensures compliance with enterprise model risk policies and procedures; and oversees prioritization of competing work supporting the different actuarial functions and products.
• Builds and maintains end to end processes supporting all actuarial functions including data inputs, model execution and delivery of output ready for analytic consumption.
• Oversees adherence to enterprise model and data related standards and works with relevant enterprise functions to ensure appropriateness of standards for NF business.
• Oversees framework for controlled production and ad hoc use of models.
• Oversees development and maintenance of actuarial data repository, facilitating efficient use of data.
• Oversees development and use of analytic infrastructure through use of modern business intelligence tools, enabling data and model users to create insights.
• Oversees development and strategic vision of training, standards, change management and organizational structure necessary to successfully use and leverage modeling and analytic infrastructure.
• Oversees all aspect of interfacing with IT, including establishing, evolving and overseeing IT owned processes and representing actuarial needs in tool and infrastructure selection including emerging technologies.
• Creates framework for successful prioritization of data, modeling, analytic, process/automation and control tasks considering actuarial and IT priorities and constraints.
• Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and corrective actions for direct and possibly indirect reports.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to VP, NFS Chief Actuary. Leads a team of three direct reports and twenty-nine indirect reports.

Typical Skills and Experiences:

Education: Undergraduate degree in Mathematics, Finance, Actuarial Science, or field with similar mathematical training preferred.

License/Certification/Designation: Fellow of the Society of Actuaries (FSA). Member of the American Academy of Actuaries (MAAA).

Experience: Typically, ten or more years of experience in actuarial related work with at least five years of management experience.

Knowledge, Abilities and Skills:

Technical Actuarial expertise in GAAP and stat valuation, strong life insurance and annuity product knowledge. Ability to apply and work with process centric IT approaches. Demonstrated leadership and influence skills, strong communication skills and ability to collaborate with business areas, IT and external vendors desired along with a preference for being innovative and inspiring others to support change. Proven problem-solving, agility, collaboration, decision-making, strategic thinking, strong financial acumen, presentation skills.

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 Human Resource Business Executive leader.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not Eligible)

Working Conditions: Normal office environment. Some travel may be required.

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 06/05/2024. 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.

#actuarial

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 AVP, NF Actuarial Modeling : $148,000.00-$325,000.00

The expected starting salary range for Sr AVP, NF Actuarial Modeling : $156,000.00 - $290,000.00