Actuarial Associate, Excess Casualty Pricing and Modeling - REMOTE

Nationwide•Columbus, OH

9d•$118,000 - $178,000•Remote

About The Position

Nationwide’s Excess Casualty Lines team is hiring a Pricing Modeler to help shape sophisticated insurance pricing and deliver insights that influence business decisions. The role combines pricing strategy, actuarial thinking, and predictive analytics. The associate partners with teammates and business stakeholders to build, enhance, and refine excess casualty insurance pricing, and collaborates across teams on projects to expand technical capabilities and understand how pricing affects business outcomes. The job description also describes the Consultant, Risk Analytics Researcher role: designing, developing, and applying risk models in support of business needs. This work involves modeling sophisticated problems, discovering insights and opportunities from data, and applying mathematics, actuarial studies, statistics, data science, and financial engineering. The consultant works with finance partners, serves as a subject matter authority on Nationwide’s risks, and applies mathematical, statistical, and analytical techniques to risk modeling.

Requirements

Typically, five or more years of related experience in financial risk modeling or actuarial functions; the Excess Casualty pricing role lists a minimum of five years of actuarial experience as highly preferred.
Undergraduate studies in finance, accounting, economics, statistics, mathematics, or a related subject area.
Working knowledge of machine learning, stochastic processes, Monte Carlo simulations, sampling methods, and other statistical techniques used in specialized risk modeling.
Proficient written and verbal communication skills.
Intermediate proficiency with Excel and common statistical software such as R, SAS, Python, or MATLAB.
Strong analytical skills and ability to work independently.
Proficiency in Python, R, Power BI, Databricks, SQL, analytical software, and programming languages is listed as highly preferred.

Nice To Haves

ACAS certification and working toward FCAS, or recently attained FCAS.
Progress toward FCAS, FSA, CQF, CFA, or a similar designation.
Graduate-level studies in a related field, with an advanced degree highly desirable.
Mathematical knowledge of specialized risk models, such as models used in hedging, economic scenario generation, catastrophe, or credit risk.
Solid understanding of risk management operations such as asset-liability management, portfolio risk assessment, and hedging.
Experience leading cross-functional teams and developing strategic pricing plans.

Responsibilities

Serve as a technical expert in actuarial methodologies, conduct complex analyses, and provide high-level consultation.
Build and maintain business relationships, leading pricing and product initiatives.
Partner with business stakeholders to deliver data-driven insights that inform strategic decisions.
Research and implement financial engineering, data science, and statistical techniques for risk management and business applications.
Complete regular testing of risk limits to guide asset allocation, risk transfer, and product growth decisions.
Own complex quantitative modeling processes and philosophies and identify industry standards to assess whether models work as intended.
Collaborate to ensure model assumptions, processes, and outputs are understood and standard methodologies are upheld.
Review and analyze model output, identify limitations and their impact, and provide corrective quantitative methods.
Create and update model documentation for business continuity.
Collaborate to develop solutions to business problems.
Act as the technology owner for Risk Analytics.
Perform other responsibilities as assigned.

Benefits

Medical, dental, and vision coverage.
Life insurance.
Short- and long-term disability coverage.
Paid time off: newly hired associates receive a minimum of 18 days per full calendar year, prorated quarterly based on hire date.
Nine paid holidays.
Eight hours of Lifetime paid time off.
Eight hours of Unity Day paid time off.
401(k) with company match.
Company-paid pension plan.
Business casual attire.