Actuarial Consultant, Life Modeling - Remote

Nationwide•Columbus, OH

1d•$108,000 - $200,000•Remote

About The Position

Join Nationwide Financial Centralized Life Modeling team in a high-impact remote actuarial role where you will help build, enhance, and maintain actuarial models that support valuation, pricing, forecasting, asset adequacy, and risk management. This opportunity is ideal for an ASA-level actuary with strong life insurance modeling experience who wants to do more than run production processes. In this role, you will work directly in the models, support new product and regulatory implementation, analyze results, improve processes, and take on broader ownership over time. This position may have the opportunity to be a part of the Nationwide Financial Actuarial Development program designed to support the development of associates as they work towards obtaining the FSA designation. This is a permanent role and will not be part of Nationwide Financial Actuarial Rotation Program. 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

ASA required, actively pursuing the FSA designation.
4+ years of actuarial experience with a strong foundation in life insurance.
Proven hands-on actuarial modeling experience, ideally in Milliman’s MG-ALFA/Integrate, or Moody’s GGY AXIS.
Ability to work directly in the model environment, not solely as a production user following documentation.
Strong problem-solving, communication, and partnership skills in a cross-functional setting.
Self-motivation and sound judgment to succeed in a remote role while knowing when to collaborate and escalate issues.
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

Experience with life insurance modeling work and familiarity with current life insurance valuation regulations such as PBR and LDTI.
Exposure to life insurance products such as universal life, variable universal life, or hybrid/LTC-related products.
Candidates with both Milliman’s MG-ALFA/Integrate and Moody’s GGY AXIS experience will stand out in the market.

Responsibilities

Build, test, maintain, and enhance life insurance actuarial models used across key actuarial functions.
Support implementation of new products, model updates, and regulatory changes in partnership with pricing, valuation, data and technology, and other stakeholders.
Perform and review production runs and results, strengthen controls, explain unintuitive output, and help drive automation and process improvement.
Partner with internal actuarial customers on modeling needs tied to pricing, merger and acquisitions, exploring reserve solutions, or other strategic work.
Grow into larger, highly visible projects over time as you deepen your expertise and take on increasing responsibility.
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