Actuarial Specialist - Nationwide Financial

As a team member in the Finance 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, Internal Audit, 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.

This role will work a hybrid schedule with a minimum of 2 days in the Columbus, OH office. This role will be staffed at the F4 internal payband.

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 Specialist, you’ll gain a more detailed knowledge of our actuarial functions for our NF products. You’ll also perform increasingly sophisticated mathematical and quantitative actuarial analyses critical to the success of Nationwide and the protection we provide to our customers.

This position has the opportunity to be a part of the NF 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 one year each. Full program details will be provided to you upon your start date.

Job Description

Key Responsibilities: 

• Compiles, categorizes, and analyzes data with limited supervision.

• Builds testing tools, analysis of product calculations and product illustrations.

• Aids in creating, maintaining, and executing of Actuarial, Projection & Valuation Models.

• Participates in pricing and implementation for products.

• Developing skills to analyze risk for lines of business.

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

• Assists and supports analysis and support of reinsurance opportunities.

• Supports the creation of documentation and presentations for leadership.

• Assists with onboarding and training new associates on standard work processes.

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, has passed four or more actuarial exams and is actively enrolled into the Actuarial Development Program. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience:  Typically, two years of actuarial experience.

Knowledge, Abilities and Skills:  General knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Should have basic competencies, including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability.

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

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values:  Regularly and consistently demonstrates Nationwide Values.

Job Conditions: 

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment.

ADA:  The above statements cover what are generally believed to be principal and