Actuarial Associate - Reserving

Nationwide•Columbus, OH

17h•Remote

About The Position

The General Liability and Umbrella Reserving team sits within Nationwide’s P&C Commercial Lines and NWAG organization and plays a critical role in supporting profitable growth and long‑term financial strength across the enterprise. This team is responsible for establishing and monitoring loss and loss adjustment expense reserves for General Liability and Umbrella products across multiple segments and distribution channels, including Nationwide Agribusiness (NWAG). 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. As an Actuarial Consultant, you’ll need to be adept at actuarial functions and know P&C products to perform complex, quantitative actuarial analyses. In addition, we’ll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues. This position may have the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
ACAS credential, with progress toward FCAS (near-associate level candidates with relevant experience will be taken into consideration)
Strong knowledge of P&C actuarial reserving techniques (e.g., General Liability, Umbrella, Excess).
Demonstrated experience with triangular reserving methods
Proficiency with actuarial and data tools (e.g., Excel, SQL, R, Python, SAS, or similar) and an interest in automation, reproducibility, and visualization.
Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis.
Generally, has attained ACAS and is working towards FCAS.
Generally, five or more years of actuarial experience.
Detailed knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases.
Proficient in Microsoft Office products, analytical software and programming languages.
Should have basic competencies including command skills, strategic agility, delegation, motivating others, business perspective and accounting.
Should have highly-developed competencies in business understanding, problem solving, customer focus, dealing with ambiguity, drive for results, and learning ability.

Nice To Haves

This role is ideal for an actuarial professional who enjoys deep technical work, influencing business decisions through insight, and working in a collaborative environment that spans the P&C enterprise.
This position may have the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions.

Responsibilities

Lead the design, execution, and communication of reserve analyses for General Liability and Umbrella lines, including quarterly and ad hoc studies at the line, segment, and program levels.
Develop and apply advanced actuarial methodologies (e.g., stochastic reserving, frequency-severity modeling, tail factor and trend analyses, diagnostic tools) to assess reserve adequacy and volatility.
Translate technical findings into clear, actionable recommendations for leaders in Commercial Lines, NWAG, Claims, and Finance, highlighting key drivers, risks, and alternative scenarios.
Partner with Pricing, Underwriting, and Product teams to ensure strong connectivity between reserving insights, rate adequacy, and underwriting strategies for GL and Umbrella.
Has in depth knowledge of actuarial methodologies with the ability to source and manipulate complex 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.
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 position with regulators, auditors, and external vendors.
Develops work plans and ensures accurate work product is delivered.
Leads peer reviews to increase collaboration, ensure quality work, and drive innovation.
Maintains relationship with business customers as well as builds new relationships.
Leads onboarding and training for new associates on standard work processes.
Applies data mining techniques used to identify new relationships in data and make recommendations based on findings.
Builds and validates models in different software packages.
Explores the use of new software packages.
Has practical use of predictive modeling.
May perform other responsibilities as assigned.

Benefits

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