Actuarial Sr. Analyst – Personal Lines Pricing (Actuarial Development Program)

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! 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 Sr. Analyst – Personal Lines Pricing

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

The ideal candidate will have:

• Ability to learn new pricing techniques in a fast-paced environment

• Strong organizational skills

• Effective communication skills with a professional presence

• Problem solving, innovation, working in a team environment and speed to action

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 appropriately manage financial performance.  

Preferred Experience:

• 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 E 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 a Senior Analyst, you’ll 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 essential to the success of Nationwide and the protection we provide our customers.

This position is expected 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. You will be expected to participate in three rotations of two years each. Full program details will be provided to you upon your start date.

Job Description

Key Responsibilities: 

• Begins to develop knowledge of actuarial methodologies, allowing the ability to source and manipulate data within standard requirements.

• Conducts analysis, that adheres to actuarial standards, by selecting appropriate data sources and making assumptions to develop recommendations. Notes any unreasonable results and reports to leader.

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

• Prepares 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.

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

• Begins developing business relationships across property and casualty multi-channel finance to provide extraordinary care to all customers.

• Completes all required training in a timely manner.

• Develops understanding of data mining techniques used to identify new relationships in data. Gains understanding of, and the ability to use, modeling software.

May perform other responsibilities as assigned.

Reporting Relationships:  Reports to an Actuarial, Analytics, or Risk Management leader.

Typical Skills and Experiences: 

Education:  Undergraduate degree in actuarial science, mathematics, statistics, data sc