Actuary, Corporate Development

Nationwide•Columbus, OH

13h

About The Position

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, 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. This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. As a member of the Corporate Development team, you will play a critical role in evaluating and executing opportunities that support Nationwide Financial’s inorganic growth strategy, including mergers & acquisitions and block reinsurance transactions. In this highly collaborative and strategic role, you will partner closely with Line of Business (LOB) leaders, Finance, Legal, Investments, Tax, and Risk, as well as external advisors and partners, to ensure accurate, insightful, and integrated deal assessments and execution. This role offers the opportunity to influence high‑visibility decisions, drive enterprise value creation, and contribute meaningfully to Nationwide’s long‑term growth ambitions Our Nationwide Financial 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 Actuary, you’ll show a mastery of business operations, systems and actuarial methodologies. You will provide leadership, direction and oversight for the performance of sophisticated actuarial techniques and procedures and risk analysis. In addition, you’ll develop a strategic vision for the team to ensure efficient, consistent and integrated data and analysis. We’ll count on you to provide business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll need to work independently and may directly or indirectly lead others.

Requirements

Bachelor’s degree in Mathematics, Finance, Statistics, Actuarial Science, or related field.
FSA designation
6+ years of actuarial experience in the insurance or reinsurance industry
Advanced knowledge of financial reporting and insurance accounting under multiple regimes, including US GAAP, US Statutory, US Tax, and Bermuda EBS
Strong analytical, investigative, and problem-solving skills
High attention to detail while maintaining a big-picture perspective
Self-starter with intellectual curiosity; ability to navigate ambiguity and seek solutions without perfect information under some guidance
Ability to manage multiple projects under tight deadlines
Ability to work independently and collaboratively, making informed recommendations under pressure
Excellent oral and written communication skills, capable of conveying complex actuarial concepts to diverse stakeholders
Advanced technical skills in Excel/VBA and database applications
Typically, five to seven years of actuarial experience.
Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases.
Mastery of Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages.
Basic level of organizational agility and conflict management.
Proficient level of command skills, strategic agility, delegation, motivating others, business perspective, and accounting.
Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.

Nice To Haves

Experience and knowledge with asset features, asset modeling (AXIS or MG-ALFA) and ALM techniques is highly preferred
M&A transactions and corporate development experience is highly preferred
Strong understanding of universal life products (UL, ULSG, IUL, VUL), including product features, pricing, financial reporting (Statutory & GAAP), and source of earnings analysis is highly preferred

Responsibilities

Perform actuarial pricing, modeling and structuring activities for corporate development opportunities.
Conduct transaction due diligence and risk assessment by analyzing actuarial appraisals, statutory filings, assumption documentation, policy forms, asset portfolios listing, existing reinsurance arrangements and other relevant materials.
Develop and maintain robust financial models and forecasts to evaluate transaction economics, profitability metrics, tax effects and capital implications.
Establish baseline assumptions and perform sensitivity analyses to identify key risks and provide actionable insights for decision-making.
Partner with internal cross-functional teams (LOB, Finance, Legal, Investment, Tax, and Risk) as well as external consultant and legal counsel throughout the deal process to make sure deal assumptions and treaty terms are accurately reflected and aligned with strategic objectives.
Prepare deal materials for executive committees and clearly communicate results and recommendations to senior management, supporting informed and timely strategic decision‑making
Prepare comprehensive pricing and risk analysis reports summarizing findings, assumptions, methodologies, risks and recommendations, ensuring compliance with ASOPs and internal standards
Assist in treaty negotiations by evaluating NGE governance language, trust and collateral requirements, investment guidelines, recapture provisions, and other key contractual terms
Build proof-of-concept models for new corporate development opportunities or innovative reinsurance solutions.
Develop and refine analytical tools, templates, and processes to enhance transaction evaluation efficiency.
Participate in special projects, including initiatives related to balance sheet optimization, market intelligence, and other strategic priorities.
Acts as a specialist for compilation, categorization and analysis of data.
Constructs sophisticated testing tools and product calculations.
Builds, maintains and computes Actuarial, Projection & Valuation Models.
Conducts financial reporting and analysis.
Prices and supports implementation of products.
Conducts risk analysis for lines of business/products.
Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
Leads and provides experienced knowledge for the analysis of reinsurance opportunities.
Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.
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
and more.