Actuarial Consultant - P&C Property Risk and Actuarial

Nationwide Mutual Insurance•Des Moines, IA

3d•Hybrid

About The Position

As a team member in Nationwide’s P&C Finance organization, the Actuarial Consultant primarily supports risk and return analysis and reporting for property lines. The role focuses on influencing P&C risk, capital, and pricing strategies through actuarial analysis and collaboration with business-unit actuarial pricing and modeling teams. Responsibilities include property actual-versus-technical pricing analysis and reporting, developing consistent catastrophe pricing standards aligned with Nationwide’s view of catastrophe risk, supporting property pricing sophistication initiatives, and supporting P&C forecasting and evaluation of reinsurance placements as they affect catastrophe risk and pricing strategies. The position performs complex quantitative actuarial analyses, provides consultation and recommendations on actuarial models and issues, and prepares findings for technical and non-technical audiences, including senior actuarial leadership. It may include participation in the P&C Actuarial Rotation Program, with two to three rotations of two years each across actuarial, analytics, and risk management teams. The role is preferred to be hybrid in Des Moines, Iowa; Columbus, Ohio; or Scottsdale, Arizona. Remote candidates with the relevant skills and experience may also be considered. The position is exempt and overtime-ineligible, and work is performed in a normal office environment. It does not qualify for employer-sponsored work authorization, and Nationwide does not participate in the STEM OPT extension program.

Requirements

Undergraduate degree in actuarial science, mathematics, statistics, data science, or a similar field involving modeling, programming, or quantitative analysis.
Generally, five or more years of actuarial experience.
Generally, has attained ACAS and is working toward FCAS.
Detailed knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software, and databases.
Proficiency in Microsoft Office products, analytical software, and programming languages.
Ability to source and manipulate complex data within standard requirements.
Basic competencies in command skills, strategic agility, delegation, motivating others, business perspective, and accounting.
Highly developed competencies in business understanding, problem solving, customer focus, dealing with ambiguity, drive for results, and learning ability.
Effective communication and ability to influence and partner with stakeholders across the organization.
Curiosity and ability to apply it to unique business and enterprise risk management challenges.

Nice To Haves

Familiarity with catastrophe modeling output and analytics.
Data management and analytics experience using R, Python, and/or SQL.
Exposure to cloud data platforms such as Databricks.
Experience translating analysis into decision-ready reporting and dashboards, such as Power BI.

Responsibilities

Perform P&C property actual-versus-technical pricing analysis and reporting.
Develop consistent catastrophe pricing standards aligned with Nationwide’s view of catastrophe risk.
Partner with business-unit actuarial pricing and modeling teams on property pricing sophistication initiatives.
Support P&C forecasting and evaluate reinsurance placements as they affect catastrophe risk and pricing strategies.
Conduct complex actuarial analyses by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations.
Resolve unreasonable results or non-optimal solutions using experience and professional judgment.
Document assumptions, methods, data sources, and considerations in an organized manner.
Prepare and present actuarial findings and documents for technical and non-technical audiences, including senior actuarial leadership.
Represent the company’s position with regulators, auditors, and external vendors when needed.
Develop work plans and ensure accurate work product is delivered.
Lead peer reviews to promote collaboration, quality, and innovation.
Maintain relationships with business customers and build new relationships.
Lead onboarding and training for new associates on standard work processes.
Apply data mining techniques to identify relationships in data and make recommendations based on findings.
Build and validate models in different software packages, explore new software packages, and use predictive modeling.
Perform other responsibilities as assigned.

Benefits

Medical insurance
Dental insurance
Vision insurance
Life insurance
Short- and long-term disability coverage
Paid time off, with newly hired associates receiving 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