Actuarial Specialist - Personal Lines Pricing

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.

Actuarial Specialist - Personal Lines Pricing

Role Overview: Perform complex mathematical and quantitative analyses for P&C products, participate in rotation program, and develop actuarial methodologies.

General Actuarial Support:

• Develop business relationships across multi-channel finance.

• Assist with transactional pricing and loss rating.

• Engage in data analysis.

Must-Have Skills:

• Proficiency in actuarial methodologies and data analysis.

• Strong communication skills for presenting findings to technical and non-technical audiences.

• Experience with Microsoft Excel and PowerPoint.

Key responsibilities of the role will include:

• Generating actuarial pricing analysis alongside Pricing leadership in support of state and line level business decisions. As part of this you will be involved in analysis regarding different rate and non-rate strategies that can be applied for these books of business to manage profitability.

Preferred Skills and Experience:

• Experience with Python or R

• Typically, 1-3 years of proven experience in P&C insurance with a focus on pricing. 

• This position is open to students that are taking actuarial exams.  The role will provide support for exams including study time, materials, and exam fees.

Work Arrangements:

• This role will be staffed at the F pay band and will sit in Columbus (OH) or Des Moines (IA). This role will have a hybrid work arrangement of at least two days per week in-office and up to three remotely.

• This role can be staffed in other locations for existing Nationwide associates that are already working in other locations.  

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Job Description Summary

Our Property and Casualty (P&C) 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 Actuarial Specialist, you’ll gain a more thorough knowledge of our actuarial functions for our P&C products. You’ll also perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers.

This position has the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.

Job Description

Key Responsibilities: 

• Continues to develop deeper knowledge of actuarial methodologies, allowing the ability to source and manipulate more complex data within standard requirements.

• Conducts analyses that adhere to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations. Notes and suggests potential resolution to any unreasonable results and reports to leader.

• Accurately documents assumptions, methods, sources, and considerations in an organized fashion.

• Prepares and presents actuarial findings and documents that are suitable for technical and non-technical audiences.

• Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines and possible impact.

• Performs peer reviews to increase collaboration, ensure quality work, and drive innovation.

• Continues to develop business relationships across PC multi-channel finance. Begin developing relationships in other areas of finance to gain business acumen