Actuarial Consultant - Personal Lines Auto

Nationwide Mutual Insurance•Columbus, OH

7d•$108,000 - $200,000

About The Position

As a team member in Finance at Nationwide, the opportunities are endless! 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. Position Overview As an Actuarial Consultant within Nationwide’s Personal Lines Auto Actuarial team , you’ll play a critical role in shaping pricing strategies and risk assessment for auto insurance products. Our team leverages advanced analytics, and telematics data to deliver innovative solutions that enhance profitability and customer experience. This department is integral to Nationwide’s Property & Casualty business, collaborating closely with product, underwriting, and data science teams to drive informed decisions and maintain our competitive edge. 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. If this sounds like a place you could thrive, then we want to know more about you! 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, or related field; advanced degree preferred.
Professional actuarial credentials (ASA or ACAS) or significant progress toward designation.
4+ years of actuarial experience, ideally in personal lines auto pricing and telematics.
Strong programming and data manipulation skills in Python, R, SQL; experience with Databricks and Snowflake is a plus.
Excellent analytical, communication, and collaboration skills with the ability to explain complex concepts clearly.
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

advanced degree preferred.
experience with Databricks and Snowflake is a plus.
Generally, has attained ACAS and is working towards FCAS.
Other criteria, including leadership skills, competencies and experiences may take precedence.

Responsibilities

Perform complex actuarial analyses for personal auto products, incorporating telematics and emerging data sources.
Provide expert consultation on actuarial methodologies, assumptions, and model performance to senior leadership.
Prepare and present findings to technical and non-technical audiences, influencing strategic decisions.
Lead peer reviews, mentor junior team members, and contribute to innovation in pricing and risk modeling.
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