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Life Pricing and Product Development Sr. Actuary - NF - Fully Remote
Location:
Columbus Metro
Description:
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. Life Pricing and Product Development Sr. Actuary - Fully Remote Join Our Experienced Team: Become a part of aseasoned group of actuaries. You will have the opportunity to work on ourIndexed Universal Life (IUL) products and Variable Universal Life (VUL) products, contributing to projects that are not only meaningful but also ensure your work is highly visible by our executive leadership. Position Overview: As a Life Pricing and Product Development Sr. Actuary , you will be instrumental in shaping the future of life insurance products. Your role will involve setting assumptions, creating actuarial models, and analyzing risk and profitability metrics to drive strategic decisions. Responsibilities: Develop and maintain actuarial models for IUL and VUL products. Set pricing assumptions based on experience analysis. Monitor and report on risk and profitability metrics. Collaborate with cross-functional teams to ensure product sustainability and competitiveness. Present strategic insights and recommendations to executive leadership. Qualifications: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field. FSA Required Previous pricing experiencein the life insurance industry (UL, VUL, Term, or Whole Life products). Proficiency inAXIS or ALFA modeling. Strongcommunication and presentation skills. Proven ability to think strategically and solve complex problems. Additional Information: This position is classified at theH5 pay band. Offers the flexibility of afully remotework arrangement. #LI-remote#LI=SM1 Job Description Summary Our Nationwide Financial 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 a Senior Actuary, you'll be an expert, providing leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. You'll handle research and direct others to ensure efficient, consistent and integrated data and analysis. We'll count on you to provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You'll work independently and may directly or indirectly lead others. Job Description Key Responsibilities: Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis. Constructs sophisticated testing tools and analyzes product calculations. Leads, provides expertise and builds strategies for pricing and implementation of products. Constructs, maintains and completes Actuarial, Projection & Valuation Models. Analyzes risks and reinsurance for lines of business. Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP and tax) for products. Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level. May perform other responsibilities as assigned. Reporting Relationships: Reports to Actuarial leader. Typical Skills and Experiences: Education: Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis. License/Certification/Designation: FSA required. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION. Experience: Typically, at least eight years of actuarial experience. Knowledge, Abilities and Skills: Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. Knowledge of industry and regulatory practices is vital. Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.Other criteria, including leadership skills, capabilities and experiences may take precedence.Staffing exceptions to the above must be approved by the hiring manager's leader and Human Resources Business Partner. Values: Regularly and consistently demonstrates the Nationwide Values. Job Conditions: Overtime Eligibility: Exempt (Not eligible) 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.We currently anticipate accepting applications until 05/19/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline. Benefits We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here .Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.This position could be filled within any of the lower 48 U.S. states.#actuarialSmoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-XXXX.For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdfNationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.The national salary range for Sr Actuary, NF : $131,000.00-$250,000.00The expected starting salary range for Sr Actuary, NF : $142,000.00 - $212,000.00 Requisition #: 87575erp5z7ybl
Company:
Nationwide
Posted:
May 7 on JobsWeb
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More About this Listing: Life Pricing and Product Development Sr. Actuary - NF - Fully Remote
Life Pricing and Product Development Sr. Actuary - NF - Fully Remote is a Jobs Life Pricing and Product Job at Nationwide located in Columbus OH. Find other listings like Life Pricing and Product Development Sr. Actuary - NF - Fully Remote by searching Oodle for Jobs Life Pricing and Product Jobs.
Life Pricing and Product Development Sr. Actuary - NF - Fully Remote is a Jobs Life Pricing and Product Job at Nationwide located in Columbus OH. Find other listings like Life Pricing and Product Development Sr. Actuary - NF - Fully Remote by searching Oodle for Jobs Life Pricing and Product Jobs.