Actuary, NF
LOCATIONS:
If you’re passionate about becoming a Nationwide associate and believe you have the potential to be something great, let’s talk.
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Addendum
This role will support TL, VUL, & NBSG for Valuation.
Based on skillset and experience this role may be filled at the Actuarial Sr Consultant, Actuarial Consultant, Actuarial Specialist, or Actuarial Sr Analyst level.
This role may be filled remotely.
This role may be filled
JOB SUMMARY: May be involved in the following; the determination of pricing structure and premiums, the evaluation of new product ideas, the preparation, analysis and interpretation of product line financials, testing reserve adequacy, cash flow analysis, investment strategy, risk and capital management analysis, and/or other NF actuarial science and research for a segment or unit of a product group, business, or market segment. Regularly consults actuarial management on actuarial, mathematical, or risk management techniques in determining the appropriate courses of action. Will be proficiently performing and assisting in, and potentially leading a variety of Actuarial tasks which may include: data compilation and analysis, illustrations, model development, financial reporting and analysis, pricing, risk and reinsurance analysis, reserving/valuation and other duties as assigned.
Job Description
RELATIONSHIP: Reports to Actuarial Director, or other actuarial management.
DIRECT REPORTS: May direct and train lower level actuarial/students.
JOB RESPONSIBILITIES:
Compiles, categorizes & analyzes data.
Leads in Illustrating/reproposals for products and testing illustration software.
Builds, maintains, runs, and analyzes actuarial Models, using good knowledge of actuarial projection and/or valuation models such that the models can be optimized to support multiple applications.
Performs financial reporting & analysis.
Performs pricing of products.
Performs the analysis of risks for lines of business.
Establishes and understands reserves using in-depth knowledge and application of statutory, GAAP, and tax valuation standards for products.
Analyzes reinsurance opportunities and recommends solutions.
Performs other duties as assigned.
JOB REQUIREMENTS:
Education: Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.
Designations/Certifications: Generally FSA required (exceptions may be made for ASAs with significant experience and significant responsibility). PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: At least six years of Actuarial experience and Actuarial Council approval.
Knowledge: In-depth knowledge of actuarial business functions, statistical methods of analysis, company actuarial systems and databases, and their integration; technical facility with leading computer tools and technology. Knowledgeable of actuarial viewpoint in a wide variety of actuarial subjects, and in Company, Industry, and Regulatory practices. Knowledgeable and comfortable with company operations, products, systems and actuarial methodologies.
Skills/Competencies: Master/Expert in Microsoft Office products (including VBA within Access and Excel), programming languages and Actuarial models. Basic level of organizational agility, command skills, strategic agility, and motivating others. Proficient level of delegation, perspective, dealing with ambiguity, customer focus, drive for results, business perspective, and accounting. Mastery level of problem solving, learning on the fly, analysis, and leveraging system capabilities.
Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.
Staffing Exceptions to the above minimum job requirements must be approved by: Chief Actuary and VP, Human Resources.
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 essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Credit Check: N/A
Safety Sensitive: N/A
Job Evaluation Activity: Evaluated 9/22/08 DLR
Additional Job Description
#actuarial
Job ID: 53201
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