Financial Analyst - Actuarial

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.

This role requires strong technical skills; implementation of new products, maintenance of the in-force block of business, collaboration with partners with IT, other actuarial teams, and key business stakeholders.

This role will be part of the Life In-force Management team working on reinsurance, key value auditing and policy review.

Preferred experience includes:

• Excel, VBA, and SQL are highly preferred.
• Financial products knowledge
• Knowledge of actuarial methodologies and calculations

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

It is our intention to fill this role in Columbus, OH. However, applications from candidates working remotely who bring critical industry skills and relevant experience may be considered. 

Internal Compensation Grade: E3

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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 an Analyst you will 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 that are essential to the success of Nationwide and the protection we provide our customers.

Job Description

Key Responsibilities: 

• Compiles, categorizes and analyzes data, with direction and oversight.

• Assists in building testing tools, analyzing product calculations and product illustrations.

• Aids in building, maintaining and running actuarial, projection and valuation models.

• Completes financial reporting and analysis with direct oversite. 

• Responsible for pricing and implementation of products with input and oversite. 

• Assists in valuation/reserving under multiple accounting regimes (statutory, GAAP and tax) for products.

• Assists with analysis of reinsurance opportunities and risks for Nationwide Financial business products. 

• Assists in activities related to a specialized phase of data and analytics which may include data governance, data strategy development, data modeling, data requirements, data manipulation, and/or requirements elicitation when needed.

• Assists in the analysis and validation of moderately sophisticated business processes and in the development and implementation of new programs and/or modifications of existing applications when required. May assist in the design, prototyping, coding and other methodologies for new and/or existing applications including development of test plans.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Financial Director, Actuarial, or other financial/actuarial manager.

Typical Skills and Experiences: 

Education: Undergraduate degree in actuarial science, mathematics, statistics, CIS or similar background requiring modeling, programming or quantitative analysis.

License/Certification/Designation: May have passed an actuarial exam, LOMA or other industry exams.

Experience: No finance or actuarial experience needed. Typical candidate may have internship, associate teaching or tutoring experience.

Knowledge, Abilities and Skills: Basic understanding of Microsoft Office products (including VBA within Access and Excel) programming languages, and likely actuarial models. Basic level of perspective, customer focus, dealing with ambiguity, drive for results, business perspective and analysis. Proficient level of problem solving, learning on the fly, and making the best use of system capabilities.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by Chief Actuary and Human Resources Consultant/Manager.

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