Sr Actuary, Annuity Inforce Management (Remote)

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.

We are seeking a technical Sr. Actuary to lead our Annuity Inforce Management team.  This role is ideal for an experienced actuary who brings annuity product experience and enjoys a business-facing role.  This is an opportunity to support the long-term management of Nationwide’s annuity products including projects that influence lapse behavior and support inforce Asset Liability Management.

Ratesetting responsibilities cover Nationwide's broad family of Fixed Indexed Annuities, Book Fixed Annuities, Single Premium Immediate Annuities, and Registered Indexed Linked Annuities. As we expand our crediting strategies and indices, we look to build out the next iteration of our home grown ratesetting application, moving from .Net to Python.

Qualifications:

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or another quantitative field.
• FSA credential required
• Strong technical, analytical, and communication skills, with the ability to balance detailed actuarial analysis, business judgment, and leadership in a changing environment

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.  

This position can be staffed remotely for potential applicants with critical industry skills and relevant experience.

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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 o