What are the responsibilities and job description for the Actuary, Nationwide Financial - Valuation (Life) - Remote 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.
Are you passionate about data analysis, financial modeling, and risk management? Nationwide Insurance is seeking an experienced actuary to join our team. Actuary (Life), you’ll play a crucial role and here’s what you’ll be responsible for :
Calculation of Actuarial Values : You’ll oversee the calculation of reserves, valuation models, and other critical metrics for life insurance products, ensuring accuracy and compliance with accounting standards (statutory, GAAP, and tax).
Model Risk Management : As the model executive, you’ll manage actuarial systems and processes, minimizing model risk related to life valuation models.
Regulatory Monitoring : Stay informed about emerging regulations and accounting rules from bodies like the NAIC and FASB. Influence future accounting rules where possible.
Collaboration : Work closely with cross-functional teams, including the other actuarial teams, senior leaders, and model risk management groups.
Preferred Skills :
Valuation experience with Statutory / GAAP (Life insurance background preferred)
Proficiency in Microsoft Office (including VBA within Access and Excel), analytical software (such as Tableau), and SQL
Familiarity with modeling software (ALFA, or Axis)
FSA designation is a plus
Strong command skills, strategic agility, and business perspective
If you’re ready to make an impact and contribute to our dynamic team, apply today! This role will be staffed at the H4 internal pay band. This position can be staffed fully remote.
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Job Description Summary
Our Nationwide Financial 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 Actuary, you’ll show a mastery of business operations, systems and actuarial methodologies. You will provide leadership, direction and oversight for the performance of sophisticated actuarial techniques and procedures and risk analysis. In addition, you’ll develop a strategic vision for the team to ensure efficient, consistent and integrated data and analysis. We’ll count on you to provide business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll need to work independently and may directly or indirectly lead others.
Job Description
Key Responsibilities :
Acts as a specialist for compilation, categorization and analysis of data.
Constructs sophisticated testing tools and product calculations.
Builds, maintains and computes Actuarial, Projection & Valuation Models.
Conducts financial reporting and analysis.
Prices and supports implementation of products.
Conducts risk analysis for lines of business / products.
Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
Leads and provides experienced knowledge for the analysis of reinsurance opportunities.
Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.
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.
License / Certification / Designation : FSA required. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience : Typically, five to seven years of actuarial experience.
Knowledge, Abilities and Skills : Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Mastery of Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Basic level of organizational agility and conflict management. Proficient level of command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.
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 Resources 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.
We currently anticipate accepting applications until 02 / 27 / 2025. 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.
