Actuarial Sr. Consultant, Commercial Lines - Modeling

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.

We are excited to announce a unique opportunity to join our team as a Sr. Actuarial Consultant, specializing in Commercial Lines Modeling. This role offers the chance to work with leading-edge technology to modernize and make a significant impact within our organization.

Key Responsibilities:

• Collaborate with a dynamic team to develop and implement innovative actuarial models, including Generalized Linear Models (GLM) and multivariate models.

• Utilize advanced coding skills in Python and/or R to analyze and interpret complex data sets.

• Contribute to the development, maintenance, and enhancement of actuarial models and tools.

• Perform actuarial analysis to support business decisions and improve model accuracy.

• Work across teams to ensure seamless integration of models and actuarial insights into business processes.

Strongly Preferred Experience:

• Proficiency in coding with Python and/or R.

• Strong background in developing and maintaining actuarial models, particularly GLM and multivariate models.

• Strong analytical and problem-solving skills.

This position offers a collaborative and innovative work environment, with opportunities for professional growth and development. If you are passionate about leveraging technology to drive actuarial excellence, we encourage you to apply.

This role will work on a hybrid schedule, with 2 days per week at one of our office locations in Columbus, OH, Des Moines, IA or Scottsdale, AZ. This role will be staffed at the G5 internal pay band.

#LI-SM1

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 Sr Consultant, you’ll need to have detailed familiarity with business operations, systems, and actuarial methodologies. We’ll count on you to be adept at complex actuarial techniques and work independently to combine advanced actuarial and business knowledge to provide high-level analysis. Additionally, you’ll have expertise to 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: 

• Acts as a technical expert of actuarial methodologies allowing the ability to source and manipulate 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. Begins using results to influence decisions at a higher level.

• 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's position with regulators, auditors, and external vendors. May negotiate within defined parameters.

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

• 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 train