Actuarial Consultant – Pension Risk Transfer Pricing - REMOTE

Nationwide•Columbus, OH

4d•$108,000 - $200,000•Remote

About The Position

This position supports Nationwide’s Pension Risk Transfer pricing function, with a strong emphasis on complex bids, including deferred-life cases, and is especially well suited for candidates coming from pension consulting or related PRT environments. In this role, you will be a core member of the pricing actuarial team, helping evaluate and price Pension Risk Transfer bids while building deeper expertise in a niche and increasingly important area of the market. The team is looking for someone who understands pension plans and can ramp quickly into retiree-only bids, more complex deferred bids, and broader PRT casework over time. Candidates with prior pension or PRT experience are strongly preferred, and the ideal background includes roughly three to five years of actuarial experience along with progress toward actuarial credentials such as ASA and eventually FSA. 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.

Requirements

Roughly three to five years of actuarial experience.
Progress toward actuarial credentials such as ASA and eventually FSA.
Strong Excel skills.
Ability to learn quickly, solve problems, manage multiple priorities, and work effectively with business partners and internal stakeholders.
Undergraduate degree in actuarial science, mathematics, statistics, or similar background requiring modeling, programming, or quantitative analysis.
Generally, has attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA.
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.
Basic competencies including: 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.

Nice To Haves

Pension consulting or Pension Risk Transfer actuarial experience.
Familiarity with SQL, Databricks, AXIS, modeling, or other programming-oriented actuarial tools.

Responsibilities

Price Pension Risk Transfer bids accurately and on deadline, reflecting reserves, capital, expected benefit payments, tax, investment strategy, and earned rate considerations.
Review pension plan terms, evaluate plan populations, support assumption management, and contribute to model development.
Collaborate across pricing, investments, ALM, operations, valuation, modeling, and financial reporting to support both pre-sale and post-sale work.
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