What are the responsibilities and job description for the Specialist, IT Analysis 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.
Enjoy the vibrant energy of the Arena District, working in-office 2 days a week.
In this role, you will work both independently and as part of a team to configure OIPA (Oracle Insurance Policy Administration) for Nationwide’s life insurance products. Your daily responsibilities will include translating complex calculations and business requirements into precise OIPA configurations.
Key Responsibilities :
- OIPA Configuration : Translate business requirements and calculations into OIPA configurations.Ensure accuracy and efficiency in configuration processes.
- Collaboration and Problem Solving : Work closely with team members to solve complex problems.Collaborate effectively to ensure seamless integration of configurations.
- Agility and Innovation : Adapt quickly to changing requirements and priorities.Bring innovative and creative solutions to the table.
- Strategic Thinking and Independence : Think strategically to align configurations with business goals.Work independently, identifying and prioritizing tasks without constant supervision.
- Passion for Problem Solving and Mathematics : Demonstrate a strong passion for solving problems.Utilize mathematical skills to ensure precise and accurate configurations.
Qualifications :
This role does not qualify for employer-sponsored work authorization. Nationwide does not participate in the Stem OPT Extension program.
Internal Note : Compensation Grade F5
Job Description Summary
Our Nationwide Financial Actuarial organization uses state-of-the-art tools and is 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 Configuration Specialist, you’ll translate business requirements into new functionality. You’ll work with Actuarial, Technology and Product Development to configure life insurance products on the Life Administration System (OIPA).
Job Description
Key Responsibilities :
Analyzes, designs, and then enters configuration rules, including unit testing, based on the defined business requirements.
Configures and codes functionality for features that are new to the system.
Applies actuarial concepts to configuration and coding.
Configures and codes product features based on product specifications (e.g., calculations).
Analyzes and loads product rates and updates parameters.
Supports the testing of configuration rules.
Maintains and updates the rules palette.
Configures access and security rules.
Provides configuration support for monthly production implementation releases.
Partners with business and technology professionals to build dashboards, custom objects and ensure integration points are supported.
Utilizes large databases to create visualizations for analysis of actuarial concepts such as policy holder behavior.
May perform other responsibilities as assigned.
Reporting Relationships : Reports to Manager / Director.
Typical Skills and Experiences :
Education : Undergraduate degree in actuarial science, mathematics, statistics, computer science or related field requiring modeling, programming or quantitative analysis preferred.
Experience : Four or more years of systems / actuarial experience (including configuration) with a focus on calculations and actuarial concepts, and strong business acumen. Financial or insurance experience a plus. Experience in Oracle Insurance Policy Administration (OIPA) configuration is strongly preferred. Experience with actuarial concepts and calculations, XML, SQL SoapUI, Excel, and VBA preferred.
Knowledge, Abilities and Skills : Knowledge of actuarial business functions, statistical methods and actuarial systems including database and integration. Solid communication, problem solving and priority setting 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 Partner.
Values : Regularly and consistently demonstrates Nationwide Values.
Job Conditions :
Overtime Eligibility : Not Eligible (Exempt).
Working Conditions : Hybrid to 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.
LI-AP1
LI-Hybrid
We currently anticipate accepting applications until 03 / 05 / 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.
