Sr. Actuarial Associate, ALM

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.

Position Description / Key Duties:

Investment strategy development, testing, and analysis for Nationwide’s $100B+ general account investment portfolio. Including:

• ALM model and assumption development in AXIS/ALFA
• Developing investment strategies for new products and optimizing existing strategies
• Portfolio risk monitoring and management
• Evaluating pool rebalancing and asset sales
• Present findings to business partners, Investments, and others
• Work closely with stakeholders in NF Actuarial and Investments

Experience/Skills

• Knowledge of actuarial principles, diverse life and annuity products, fixed income investments, stochastic modeling, risk management, and the financial services industry is preferred
• Strong analytical and problem-solving skills
• Able to communicate and collaborate across functions effectively
• Curious and innovative; willing to challenge assumptions and develop creative solutions to actuarial and business problems
• Experience with AXIS and/or ALFA actuarial software
• Aptitude for diverse technologies: SQL, Databricks, Power BI, Tableau, Python, etc.
• Proficiency in Microsoft Teams & Office suite

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. 

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Job Description Summary

Our Nationwide Financial (NF) 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 Senior Consultant, you’ll need to have detailed familiarity with business operations, systems, and actuarial methodologies. We’ll count on you to be adept at sophisticated actuarial techniques and work independently to combine advanced actuarial and business knowledge to provide high-level analysis. Additionally, you’ll provide consultation and recommendations on deliverables and maintain detailed documentation of actuarial models and analyses. You’ll work independently and may lead others.

Job Description

Key Responsibilities: 

• Compiles, categorizes, and analyzes sophisticated data sets.

• Builds complicated testing tools and conducts detailed analysis of product calculations.

• Constructs, maintains, and performs Actuarial, Projection, and Valuation Models.

• Builds financial reporting tools and completes analysis.

• Prices and implements products.

• Conducts complicated risk analysis.

• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.

• Performs reinsurance analysis and pricing.

• Crafts effective communication strategies and recommendations to leadership. Develops supporting documentation.

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

• Builds business relationships and leads cross functional communication with team members, customers, and business partners.

• Leads onboarding and training for new associates on standard work processes. Assists in creating new training materials.

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, or similar background requiring modeling, programming, or quantitative analysis.

License/Certification/Designation: Generally attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA or recently attained FSA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INF