Actuarial Associate - Annuity Inforce Management

Nationwide•Columbus, OH

18h•$108,000 - $200,000•Hybrid

About The Position

Nationwide Financial is seeking a highly technical Actuarial Consultant to join our Annuity Inforce Management team. This role is ideal for an experienced actuary who brings annuity product experience and enjoys a business-facing role. This is an opportunity to support the long-term management of Nationwide’s annuity products in a role that combines hands-on actuarial work with business-facing partnership. The person in this role will help build out our reporting capabilities and continue to modernize our rate setting infrastructure. Our Nationwide Financial (NF) Actuarial team members have opportunities to use state-of-the-art tools and 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 NF products to perform sophisticated, 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 NF 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 one year each. Full program details will be provided to you upon your start date.

Requirements

Associate of the Society of Actuaries (ASA)
Proficient in Excel
Proficient in SQL
Undergraduate degree in actuarial science, mathematics, statistics, or similar background requiring modeling, programming, or quantitative analysis.
Typically, three to five years of actuarial experience.
Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases.
Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) 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

AXIS modeling experience a plus
Programming experience a plus; particularly Python, R, VB.net, and C#
Tableau and Power BI experience a plus
Ability to communicate to non-technical audiences
Other criteria, including leadership skills, competencies and experiences may take precedence.

Responsibilities

Execute annuity rate setting for Fixed, Indexed, RILA, SPIA, and VA general account products.
Collaborate with Business Development partners to effectively balance competitiveness and profitability.
Execute new business profitability analysis on a quarterly basis.
Develop visualization of profitability results and communicate to management and CFO.
Develop visualizations for inforce performance metrics such as policyholder behavior, product feature utilization, and sales demographics.
Support advancement of inforce profitability measurement.
Support Modernization of rate setting and profitability processes; automating execution, developing controls, and increasing speed of execution.
Ensure adherence to regulatory standards for managing non-guaranteed elements.
Support infrastructure development for rate setting and profitability analysis for new products.
Execute special projects as needed.
Compiles, categorizes, and analyzes data.
Performs construction of testing tools and analysis of product calculations.
Constructs, maintains, and conducts Actuarial, Projection & Valuation Models.
Performs financial reporting and analysis.
Leads pricing and implementation of products.
Analyzes risks for lines of business.
Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
Performs reinsurance analysis and pricing.
Supports and may develop effective communication strategies and recommendations to leadership.
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.
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