Actuarial Sr Director – Annuities Pricing

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.

Role Overview: We are seeking a dynamic and experienced Senior Director to lead our pricing and product development efforts for variable annuities and RILA. This role is pivotal in driving product strategy, managing risk, and ensuring our offerings remain competitive in the market.  This role will lead a team of 4-5 direct reports.   

Key Responsibilities: 

• Lead the development and execution of pricing strategies for variable annuities and RILA products. 

• Collaborate with business leadership to craft innovative product designs and concepts. 

• Provide direction and leadership in sophisticated actuarial techniques and risk analysis. 

• Engage with cross-functional teams to deliver results and drive product strategy improvements. 

• Engage with industry groups and regulators on industry changes to influence optimal outcomes. 

Must-Have Qualifications: 

• Fellowship in the Society of Actuaries. 

• Minimum of eight years of actuarial experience. 

• Strong leadership, influence, and communication skills. 

Preferred Qualifications: 

• Experience in pricing assumption-setting and modeling. 

• Ability to educate and motivate cross-functional teams. 

 

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

 

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 Director, you’ll show a mastery of business operations, systems and actuarial methodologies. You will provide leadership, direction and oversight for the performance of sophisticated actuarial techniques and procedures and risk analysis. In addition, you’ll develop a strategic vision for the team to ensure efficient, consistent and integrated data and analysis. We’ll count on you to set strategy and business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll need to work independently and may directly or indirectly lead others.

Job Description

Key Responsibilities:

• Builds models and assumptions to evaluate the pricing metrics of a product design to advise business and risk management leadership of the expected profitability and most significant risks associated with new product concepts. 

• Demonstrates expert knowledge of pricing assumption-setting, model building, actuarial analysis, product mechanics and embedded policy owner options, valuation and non-forfeiture law.

• Works with business leadership to craft innovative concepts and product designs to meet customer needs, while at the same time figuring out how the new concepts and products provide adequate risk adjusted return on capital and meet regulatory constraints. May also be involved with risk management leadership on innovative rein