Actuary - Life Experience Studies & Assumption Setting

Nationwide Mutual Insurance•Columbus, OH

13d•Remote

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. Make your actuarial expertise visible where it matters most. Nationwide Financial is seeking an Actuary to help shape life insurance assumptions that inform pricing, product strategy, risk management, and business decisions. In this high-impact role, you’ll own meaningful experience-study work from data through recommendation, partner with actuarial leaders and the assumption council, and translate complex analysis into clear actions. This is an opportunity to combine rigorous actuarial analysis with business influence, modern data practices, and practical innovation. You’ll join a collaborative team that values sound judgment, continuous improvement, and a healthy balance between established processes and new ideas. 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

FSA credential, or progress toward FSA with the experience and judgment to perform at the appropriate level.
Approximately seven or more years of actuarial experience, or an equivalent combination of actuarial education and relevant experience.
Strong experience with actuarial analysis, statistical methods, data interpretation, modeling, and assumption development.
The ability to make thoughtful decisions when data is incomplete, ambiguous, or evolving.
Excellent written and verbal communication skills, including confidence presenting recommendations in one-on-one and group settings.
Experience with SQL, Excel, VBA, Access, Tableau, Power BI, or comparable actuarial, analytical, and data-visualization tools.
Undergraduate degree in actuarial science, mathematics, statistics, or similar background requiring modeling, programming or quantitative analysis.
FSA required.
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.
Other criteria, including leadership skills, competencies and experiences may take precedence.

Nice To Haves

Life insurance experience is valuable but not required.
Experience with universal life, secondary guarantees, or related life products is a plus.
A collaborative, curious, and adaptable approach, with the ability to work independently and build strong partnerships across the organization.

Responsibilities

Lead life insurance experience studies and assumption-setting activities, including data analysis, controls, documentation, interpretation, and recommendations.
Take ownership of a major life assumption through the annual assumption unlock cycle, with support and oversight from experienced team members.
Present recommendations to the assumption council and communicate insights clearly to both technical and non-technical audiences.
Investigate experience trends and help identify opportunities to support pricing, product decisions, risk analysis, and business growth.
Build, maintain, and improve actuarial models, testing tools, data processes, and reporting solutions.
Partner with actuarial, finance, product, technology, and other business teams to develop new processes and strengthen existing ones.
Help advance responsible AI use in actuarial work, including data transformation, documentation, control testing, quality checks, and analysis support.
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