Actuarial Sr. Consultant, Commercial Auto Pricing - REMOTE

Nationwide Mutual Insurance•Columbus, OH

6d•Remote

About The Position

As a team member in the Finance department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor, Internal Audit, and so much more. 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. Actuarial Sr. Consultant, Commercial Auto Pricing - REMOTE About This Opportunity: Are you a talented and driven actuarial professional with a passion for Property & Casualty (P&C) insurance, specifically Commercial Auto? Do you thrive in a collaborative environment where you can leverage your analytical skills to drive business results? If so, Nationwide has an exciting opportunity for you! We are seeking a highly motivated Sr. Consultant, Actuarial to join our P&C Pricing Analytics team, focusing on Commercial Auto. In this role, you will be a key contributor to our pricing strategy, leveraging your expertise to develop and refine actuarial models, analyze data, and provide recommendations to business partners. Team Structure: You will be part of the P&C Pricing Analytics CL team. This is a collaborative and supportive team environment where you will have the opportunity to learn from experienced professionals and contribute to the success of the organization. Role Scope: Conduct complex actuarial analyses related to Commercial Auto pricing, adhering to actuarial standards. Develop and maintain pricing methodologies. Analyze data to identify trends and opportunities for improvement. Prepare and present actuarial findings to both technical and non-technical audiences. Collaborate with business partners to develop and implement pricing strategies. Stay up-to-date on industry trends and best practices. Priorities: Support semi-annual indication work, including loss development and trend analysis. Conduct impact analysis for state rate reviews. Collaborate with the predictive modeling team to enhance segmentation models. Work with business partners to develop strategy for filed manual rates. Address ad hoc data requests and pricing analysis. Job Description Summary 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 Sr Consultant, you’ll need to have detailed familiarity with business operations, systems, and actuarial methodologies. We’ll count on you to be adept at complex actuarial techniques and work independently to combine advanced actuarial and business knowledge to provide high-level analysis. Additionally, you’ll have expertise to provide consultation and recommendations on deliverables and maintain detailed documentation of actuarial models and analyses. You’ll work independently and may lead others.

Requirements

Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis.
Generally attained ACAS and is working towards FCAS or recently attained FCAS.
Generally, six or more years of actuarial experience.
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

Attained ACAS and is working towards FCAS or recently attained FCAS.
Five or more years of actuarial pricing experience.
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.
Strong analytical and problem-solving skills.
Excellent communication and presentation skills.
Prior experience in commercial auto pricing.
Strong ability to obtain and manipulate data, proficiency in SQL and creating data queries
Experience with Python, VBA, and Power BI.

Responsibilities

Acts as a technical expert of actuarial methodologies allowing the ability to source and manipulate 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. Begins using results to influence decisions at a higher level.
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's position with regulators, auditors, and external vendors. May negotiate within defined parameters.
Develops cross functional work plans and ensures accurate work product is delivered.
Leads cross functional peer reviews to increase collaboration, ensure quality work, and drive innovation.
Builds business relationships and leads cross functional communication with team members, customers, and business partners.
Leads onboarding and training for new associates on standard work processes. Assists in creating new training materials.
Applies data mining techniques used to identify new relationships in data and make recommendations based on findings.
Has expert ability or knowledge of modeling, validation, and predictive modeling.
Explores the use of new software packages and makes recommendations.

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