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!

Please Note: This role is open to a virtual, hybrid or office environment in Columbus, Ohio.

Role Summary

As a Senior Actuary, you’ll be an expert, providing leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. You’ll handle research and direct others to ensure efficient, consistent, and integrated data and analysis. We’ll count on you to provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll work independently and may directly or indirectly lead others.

Responsible for actual & forecasted financial results analysis, reporting, and communications and Performance Management & Analysis for Nationwide Financial Corporate Solutions business unit. The business unit includes Nationwide Business Solutions Group (NBSG) - COLI/BOLI product, Pension Risk Transfer (PRT), Nationwide Specialty Insurance (NSI) - primarily Medical Stop Loss product, Securities-Backed Lending (SBL) and Institutional Spread products. The combination of financial reporting and PM&A responsibilities enable this leader to influence business strategies, tactics, and product pricing in partnership with management. Works closely with both Finance/Actuary peers (AVP- NBSG & NSI Pricing Actuary, AVP – PRT Pricing Actuary, VP-Chief Actuary, AVP/VP Controllership, AVP-Actuarial Models, VP-ALM/ERM, AVP-NF Financial Reporting and Actuary assumption council) and business partners (Corporate Solutions Leadership Team which includes President of Corporate Solutions and four VP business unit leaders). 

Key Responsibilities:

• Oversee reporting of actual financial results, working with valuation and modeling team as well as NF Finance to create, understand and explain actual financial results for the business.
• Oversee the forecasting of financial results, working with pricing, valuation and modeling team as well as NF Finance to allow for planning and management of the business.
• Oversee PM&A activities including, but not limited to, business performance analysis and recommendations, complex financial analysis, business case development/validation/monitoring, interactions/partnership with key business leaders/influencers, and financial support on product development and new business efforts.
• Communicate and explain actual and projected financial results to various stakeholders to support financial based decision making, including NF CFO, Corporate Solutions CFO, NF Chief Actuary and NF Controller
• Responsible for various ad-hoc reporting to Nationwide Board of Directors, rating agencies, regulators, and other external parties
• Role drives continued evolution of financial reporting processes, approaches, and methodologies, leveraging evolving infrastructure to improve efficiency and allow for increased insight. Working with the valuation actuary, responsibilities include the evaluation and interpretation of future impact of new and evolving accounting standards (e.g., Long-duration targeted improvements (LDTI) standard) including methodology choices and the creation of recommendations to NF senior management.
• Role may be responsible for or support inforce management of the business including aspects such as rate setting as well as review and analysis of past and expected profitability that supports inforce management and regulatory compliance. (e.g., return on capital analysis, spread analysis, actual vs expected assumption analysis)
• Role leverages keen understanding of the dynamics of the business and its drivers as well as the impact of actuarial assumptions on financial results to improve overall prioritization of assumption analysis and create timely signals for pricing and/or inforce management action.
• Role is responsible for keeping up to date with industry developments on the use of predictive analytics, leveraging any insights for use in inforce management.
• As model owner of financial forecasting, the role has model owner responsibilities as laid out in our model governance framework.
• Support talent recruiting and development for the NF Actuarial and Finance job families. Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and disciplinary actions for direct and indirect reports.
• May perform other responsibilities as assigned.

Reporting Relationships: Reports to the VP, CFO - Corporate Solutions. Leads a team of 5 actuarial and finance associates.

Team Composition:

Senior Actuary will have two direct reports and a total of 5 associates. A minimum of an actuary who is working towards or has a professional FSA/ASA designations and also Finance professionals with CPA designations.

Typical Skills and Experiences:

Education/Certification/Licenses:  BS or higher undergraduate degree in Mathematics, Actuarial Science or related technical field required, FSA and MAAA highly preferred.

Experience: Typically, at least eight years of actuarial experience.

Knowledge, Abilities and Skills: Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. Knowledge of industry and regulatory practices is vital. Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficient level of organizational agility, influencing skills, strategic agility, inspiring 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 HR Business Partner.

This role can be fully remote. This role can be staffed at the internal pay band H.

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#LI-remote

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 a Senior Actuary, you’ll be an expert, providing leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. You’ll handle research and direct others to ensure efficient, consistent and integrated data and analysis. We’ll count on you to provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll work independently and may directly or indirectly lead others.

Job Description

Key Responsibilities:

• Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis.

• Constructs sophisticated testing tools and analyzes product calculations.

• Leads, provides expertise and builds strategies for pricing and implementation of products.

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

• Analyzes risks and reinsurance for lines of business.

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

• 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, at least eight years of actuarial experience.

Knowledge, Abilities and Skills: Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. Knowledge of industry and regulatory practices is vital. Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficient level of organizational agility, influencing skills, strategic agility, inspiring 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, capabilities 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.

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Smoke-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.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

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 Sr Actuary, NF : 129,000.00-244,000.00

The expected starting salary range for Sr Actuary, NF : 139,000.00 - 207,000.00