What are the responsibilities and job description for the Actuarial Consultant – General Liability Pricing position at Nationwide Private Client?
As a team member in the Finance 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, Internal Audit, 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.
Senior Actuarial Consultant – General Liability Pricing
Position Overview : We are seeking a highly skilled Senior Actuarial Consultant to join our General Liability / Umbrella / Inland Marine commercial pricing team. This role is crucial in supporting the pricing function by conducting state product reviews, providing risk segmentation and pricing recommendations, and assessing rate adequacy to promote financial success. The ideal candidate will bring new perspectives and innovative ideas to continue delivering high-level actuarial services to our business customers.
Key Responsibilities :
Conduct state product reviews
Enhance manual rating plans, establish risk segmentation and providepricing recommendations.
Assess rate adequacy to ensure financial success.
Introduce new perspectives and innovative ideas to enhance actuarial services.
Analyze results and present findings to internal product, actuarial, and underwriting teams.
Preferred Experience and Skills :
General Liability experience is highly preferred.
Proficiency in SQL, DataBricks, and R.
Exposure to predictive modeling is a plus.
Work Arrangements : Then preferred to work location, will be hybrid with 2 days per week at one of our office locations in Columbus, OH, or Des Moines, IA. Relocation assistance may be provided.
Compensation : This position will be staffed at the G4 internal pay band.
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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 Consultant, you’ll need to be adept at actuarial functions and know P&C products to perform complex, quantitative actuarial analyses. In addition, we’ll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues.
This position may have 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 :
Has in depth knowledge of actuarial methodologies with 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. Resolves unreasonable results / non-optimal solutions using experience and professional judgment.
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 at the senior Actuarial leadership level. May professionally represent company 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.
Maintains relationship with business customers as well as builds new relationships.
Leads onboarding and training for new associates on standard work processes.
Applies data mining techniques used to identify new relationships in data and make 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 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 attained ACAS and is working towards FCAS. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL STUDENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience : Generally, five or more years of actuarial experience.
Knowledge, Abilities and Skills : Detailed 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 command skills, strategic agility, delegation, motivating others, business perspective and accounting. Should have highly-developed competencies in 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.
