Sr Actuary, NF

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Addendum

Job responsibilities:

Execute and manage the annual assumption unlock review cycle for Life assumptions

Annual revisions of both best estimate and prudent estimate assumptions for CRM and GAAP models

Collaborate with adjacent stakeholders in pricing and valuation to develop recommendations

Lead presentations of assumption recommendations to the Assumption Council, drive buy-in from all relevant stakeholders, and coordinate with the model implementation team for downstream model adjustments

Manage non-unlock assumption setting, including term and whole life assumptions under FAS 60

Manage PBR assumption setting while coordinating with key valuation stakeholders

Improve existing processes by streamlining execution and reducing the risk of error

Lead analysis efforts to promote deeper understanding of emerging experience, policyholder behavior, and opportunities to drive cross-functional business results

Desired skills:

• Strong independent work ethic

• Strong organization and ability to manage long-term timeline

• Strong ability to summarize analysis, communicate effectively, and influence others

• Ability to visualize and manipulate data from a variety of different angles

• Ability to deal with ambiguity in making decisions and recommendations without having exhaustive evidence

• Deep curiosity and willingness to learn about Life lines of business in developing deep product-level knowledge

• Experience in SAS, R, and ALFA is a plus

• Expertise in the pricing or valuation of Life products is also a plus

Based on skillset and experience, this role may be filled at the Actuary, Sr Actuarial Consultant, Actuarial Consultant, Actuarial Specialist, or Actuarial Sr Analyst level.

This role may be filled remotely.

JOB SUMMARY: May be involved in the following; the determination of pricing structure and premiums, the origination and evaluation of new product ideas, the 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 section or unit of a large subset of a major product group, business, or market segment. Regularly consults senior management on actuarial, mathematical, or risk management techniques in determining the appropriate courses of action. May oversee NF actuarial projects. Will be a a master/expert performing and assisting in 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

Reports to Actuarial Leader, or other actuarial management.

KEY RESPONSIBILITIES:

1. Compiles, categorizes & analyzes data.

2. Leads in Illustrating/reproposals for products and testing illustration software.

3. Builds, maintains, runs, and analyzes actuarial Models, using expert knowledge of actuarial projection and/or valuation models such that the models can be optimized to support multiple applications.

4. Performs financial reporting & analysis.

5. Performs pricing of products.

6. Performs the analysis of risks for lines of business.

7. Establishes and understands reserves using in-depth knowledge and application of statutory, GAAP, and tax valuation standards for products.

8. Analyzes reinsurance opportunities and recommends solutions.

9. 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: Achievement of Fellowship in the Society of Actuaries. Membership in the Society of Actuaries and American Academy of Actuaries. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience: At least eight 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; In-depth knowledge of actuarial viewpoint in a wide variety of actuarial subjects, and in Company, Industry, and Regulatory practices. In-depth knowledge of 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, conflict management, command skills, strategic agility, and motivating others. Proficient level of delegation and accounting. Mastery level of perspective, problem solving, dealing with ambiguity, customer focus, drive for results, learning on the fly, analysis, business perspective, 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

Credit Check: N/A

Safety Sensitive: N/A

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.

Additional Job Description

#actuarial

Job ID: 53177

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