Actuary, P&C Reserving – Commercial Lines Mass Tort and Special Projects (Remote)

As a team member in the Finance and Internal Audit 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 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.

Profile Summary

As an Actuary, you will play a key role in evaluating our asbestos, environmental, and other mass tort exposures, conduct special studies across Commercial product lines, and be part of a highly collaborative cross-functional team.

Key Responsibilities

• Reserve Assessment: Conduct detailed analyses to recommend revisions to Nationwide Indemnity Reserves and be a key contributor to the Nationwide Indemnity Loss Reserve Working Group.
• Methodology Evaluation: Use sound actuarial techniques and seasoned judgment to organize and direct reserve review processes. Evaluate alternative actuarial methods and develop innovative approaches as needed. Maintains exposure models.
• Trends: Maintain a constant dialogue with the Claims organization to accurately reflect changes in operations and industry trends.
• Clear Communication: Concisely present analysis results and insights to both actuarial and non-actuarial audiences.
• Documentation: Ensure thorough documentation of assumptions, methods, and sources, adhering to CAS standards.
• Professional Representation: Interact professionally with internal and external stakeholders, exercising outstanding judgment.

Typical Skills and Experience

• Education: Bachelor’s degree in actuarial science, mathematics, statistics, business, or related field with a strong quantitative orientation.
• Certification: Associate in the Casualty Actuarial Society required; Fellowship preferred.
• Experience: Typically ten years in an actuarial function with prior managerial experience.
• Knowledge and Abilities:
  • Advanced knowledge of actuarial techniques and insurance operations.
  • Familiarity with relevant state and federal laws and regulations.
  • Outstanding people skills.
  • Effective group presentation skills.
  • Proficiency in data manipulation techniques (e.g., R, Python, SQL).

Qualifications:

• Strong analytical skills
• Business and insurance knowledge
• Ability to communicate complex information to internal and external partners

Values

Demonstrate Nationwide Values consistently.

This role will be staffed at the H4 internal pay band. This role can also be fully 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 Actuary, you’ll show a mastery of business operations, systems, and actuarial methodologies. You will provide leadership, direction and oversight for the performance of complex 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 provide 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 lead others (directly and/or indirectly).

Job Description

Key Responsibilities:

• Acts as strategic 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 consideration, and developing recommendations. Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment.  A