Actuarial Specialist, P&C - Programs 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.

This role will be staffed as a Specialist working on Programs’ Pricing portfolio. The ideal candidate will have:

• Ability to learn new pricing techniques in a fast-paced environment
• Strong organizational skills
• Effective communication skills with a professional presence
• Problem solving, innovation, working in a team environment and speed to action

Key responsibilities of the role will include:

• Learning about many diverse books of business. Lines can span across many different areas including healthcare, warranty, workers’ compensation, professional liability, property, and more.
• Generating actuarial indications alongside Pricing leadership. As part of this you will be involved in conversations regarding different non-rate strategies that can be applied for these niche books of business.  
• Owning a portfolio of Programs and building relationships across Pricing, Reserving, Actuarial, Underwriting, Claims, and other business units. Alongside Pricing Leadership, you will leverage insights to create business recommendations.  
• Completing other project work relevant to the portfolio which could span across the Programs planning unit or other Pricing areas.
• Assisting in setting the financial forecast for the E&S Programs Pricing books.
• Exploring the use of new software packages and making recommendations.

Preferred Experience:

• Typically, 2-4 years of proven experience in P&C insurance with a focus on pricing. 
• This position is open to students that are still taking exams and require exam support.

Location:

• This role will be staffed at the F pay band and will sit in Columbus (OH), Scottsdale (AZ) or Des Moines (IA). This role will work a hybrid work arrangement 2 days in the office and 3 days 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 Specialist, you’ll gain a more thorough knowledge of our actuarial functions for our P&C products. You’ll also perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers.

This position has 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: 

• Continues to develop deeper knowledge of actuarial methodologies, allowing the ability to source and manipulate more complex data within standard requirements.

• Conducts analyses that adhere to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations. Notes and suggests potential resolution to any unreasonable results and reports to leader.

• 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.

• Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines and possible impact