Actuarial Consultant, P&C Reserving – Commercial Lines & NWAG (Remote)

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! 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.

Profile Summary

You will play a key role in evaluating reserves for Auto, Work Comp, and Property within our Commercial Lines and Agriculture books and collaborate with associates within Reserving and cross-functionally.

Key Responsibilities

• Methodology Evaluation: Evaluate alternative actuarial methods and support the development of innovative approaches as needed.
• Clear Communication: Work closely with others to concisely present analysis results and insights to both actuarial and non-actuarial audiences.
• Documentation: Ensure thorough documentation of assumptions, methods, and sources, adhering to CAS standards.
• Professional Representation: Interact professionally with internal and external stakeholders, exercising outstanding judgment.

Typical Skills and Experience

• Education: Bachelor’s degree in actuarial science, mathematics, statistics, business, or related field with a strong quantitative orientation.
• Certification: Associate in the Casualty Actuarial Society required; Fellowship preferred.
• Knowledge and Abilities: Proficiency in data manipulation techniques (e.g., R, Python, SQL).

Qualifications:

• Strong analytical skills
• Business and insurance knowledge
• Ability to communicate complex information to internal and external partners

Values:

Demonstrate Nationwide Values consistently

This role will be staffed at the G4 internal pay band. This role can also be fully remote.

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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 Consultant, you’ll need to be adept at actuarial functions and know P&C products to perform complex, quantitative actuarial analyses. In addition, we’ll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues.

This position may have 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: 

• Has in depth knowledge of actuarial methodologies with the ability to source and manipulate complex data within standard requirements.

• Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations. Resolves unreasonable results/non-optimal solutions using experience and professional judgment.

• 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 at the senior Actuarial leadership level. May professionally represent company position with regulators, auditors, and external vendors.

• Develops work plans and ensures accurate work product is delivered.

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

• Maintains relationship with business customers as well as builds new relationships.