At Nationwide Group Benefits (Stop Loss), we empower self-funded employers to take control of their healthcare costs with confidence. Backed by the strength and stability of the Nationwide brand, our stop loss solutions offer financial protection against catastrophic claims, helping businesses manage risk while supporting employee well-being. With industry-leading underwriting, responsive claims service, and a commitment to transparency, we don't just insure-we partner to protect your bottom line. Let Nationwide Group Benefits be your shield in an unpredictable healthcare landscape.
We are seeking a highly motivated and detail-oriented Actuarial Analyst to join our team. This entry-level role is ideal for a student or recent graduate pursuing actuarial credentials who is passionate about data, reporting, and problem-solving. The analyst will play a key role in building and maintaining a centralized database, developing management reports, and analyzing trends within our group benefits business. This position offers an excellent opportunity to gain hands-on experience in a dynamic actuarial environment while supporting critical business functions.
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 Analyst you will be expected to learn about the insurance and finance industry, products Nationwide provides and a variety of actuarial software. You will be trained in company and business operations while performing mathematical and quantitative actuarial analyses that are essential to the success of Nationwide and the protection we provide our customers.
Job Description
Key Responsibilities:
- Compiles, categorizes and analyzes data, with direction and oversight.
- Assists in building testing tools, analyzing product calculations and product illustrations.
- Aids in building, maintaining and running actuarial, projection and valuation models.
- Completes financial reporting and analysis with direct oversite.
- Responsible for pricing and implementation of products with input and oversite.
- Assists in valuation/reserving under multiple accounting regimes (statutory, GAAP and tax) for products.
- Assists with analysis of reinsurance opportunities and risks for Nationwide Financial business products.
- Assists in activities related to a specialized phase of data and analytics which may include data governance, data strategy development, data modeling, data requirements, data manipulation, and/or requirements elicitation when needed.
- Assists in the analysis and validation of moderately sophisticated business processes and in the development and implementation of new programs and/or modifications of existing applications when required. May assist in the design, prototyping, coding and other methodologies for new and/or existing applications including development of test plans.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Financial Director, Actuarial, or other financial/actuarial manager.
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, mathematics, statistics, CIS or similar background requiring modeling, programming or quantitative analysis.
License/Certification/Designation: May have passed an actuarial exam, LOMA or other industry exams.
Experience: No finance or actuarial experience needed. Typical candidate may have internship, associate teaching or tutoring experience.
Knowledge, Abilities and Skills: Basic understanding of Microsoft Office products (including VBA within Access and Excel) programming languages, and likely actuarial models. Basic level of perspective, customer focus, dealing with ambiguity, drive for results, business perspective and analysis. Proficient level of problem solving, learning on the fly, and making the best use of system capabilities.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by Chief Actuary and Human Resources Consultant/Manager.
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.
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.
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NOTE TO EMPLOYMENT AGENCIES:
We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.
Working at
Nationwide Mutual Insurance Company
Nationwide Mutual Insurance Company is a reputable and established leader in the insurance industry, offering a wide array of insurance and financial services. With a rich history that dates back to 1926, Nationwide has become one of the largest mutual insurance companies in the United States. Nationwide takes pride in its team of talented and highly skilled actuaries who play a critical role in assessing and managing risks. These professionals utilize advanced statistical models and data analysis techniques to evaluate potential risks, forecast future trends, and develop strategies to protect the company and its policyholders. As an actuary at Nationwide, you'll have the opportunity to work with a diverse portfolio of insurance products, including auto, home, life, and commercial insurance. You'll collaborate with cross-functional teams to design and price insurance policies, analyze complex data sets, and provide insights that drive informed business decisions. Nationwide values innovation and invests in cutting-edge technology to stay ahead of industry trends. As an actuary, you'll have access to sophisticated tools and resources that empower you to deliver accurate assessments and innovative solutions. Join Nationwide's actuarial team and embark on a rewarding career where you'll contribute to the company's mission of protecting what matters most to its customers while enjoying professional growth, competitive benefits, and a supportive work environment.