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!

Key Responsibilities:

• Improve ALFA models
  • Assumption Updates
  • Inforce updates including liabilities and assets
  • Collaborate with valuation team to understand business requirements and current process
  • Develop quarter end capabilities that are easy to maintain
  • Develop meaningful and automatable controls
  • Work with other actuarial areas to improve accuracy and ease of modeling life products

• Build and support cashflow model in AXIS for Life Insurance products and other applications, such as forecast, Asset Adequacy/Cashflow Testing, ALM, and Pricing.

Education/Experience/Skills:

• General modeling skills including experience modeling inforce blocks of business
• MG-ALFA and/or Moody’s AXIS experience preferred
• ASA preferred with at least 3-5 years of relevant actuarial experience
• Life Insurance product knowledge including reserve requirements
• Good ALFA modeling skills and SQL skills
• Proficient in Microsoft Excel and Access including VBA
• Strong communication skills

Internal Comp Grade is G4 or G3. This position can be filled at the Consultant, Actuarial - NF or the Financial Consultant, Actuarial - NF level

We prefer for the candidate to be located in Columbus Ohio but we will consider full remote for the right candidate.

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#Li-Remote

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Job Description Summary

Our Nationwide Financial Actuarial team members have opportunities to use state-of-the-art tools and 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 Nationwide Financial (NF) products to perform sophisticated, quantitative actuarial analyses. In addition, we’ll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues.

Job Description

Key Responsibilities:

• Compiles, categorizes and analyzes data.

• Performs construction of testing tools and analysis of product calculations.

• Constructs, maintains and conducts Actuarial, Projection & Valuation Models.

• Performs financial reporting and analysis.

• Leads pricing and implementation of products.

• Analyzes risks for lines of business.

• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.

• Performs reinsurance analysis and pricing.

• Supports and may develop effective communication strategies and recommendations to leadership.

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: Generally, has attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience: Typically, three to five years of actuarial experience.

Knowledge, Abilities and Skills: Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) 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, proficiencies 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.

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.

#actuarialSmoke-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.

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 Consultant, Actuarial - NF : 91,000.00-187,000.00

The expected starting salary range for Consultant, Actuarial - NF : 101,000.00 - 151,000.00