Actuary Specialist, Asset Modeling

Nationwide•Plaza, ND

3d•$88,000 - $164,000

About The Position

As a team member in Finance at Nationwide, 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. Job Profile Summary: Critical actuarial modeling role to support asset modeling development, and execution in Moody’s AXIS or MG-ALFA. Support valuation, forecasting, pricing, and risk management. Provide technical expertise to modeling methodologies. Assist implementation of complex asset types and investment strategies, oversee annual asset adequacy testing, and mentor team members. This role offers great visibility to senior leadership, opportunities for career growth, and flexible work arrangements. Supportive, respectful work environment with strong commitment to professional development. Do you have the desire to play a critical role in driving data-based business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry-leading workforce accepts an agile work environment and a collaborative culture to deliver outstanding solutions and results. Our Risk Analytics professionals play a key role in redefining quantitative data analysis into meaningful insights that drive business results. Specifically, they serve as the conduit joining quantitative risk analysts to business partners. As a Specialist, you’ll work on various risk analytics projects to help solve diverse business problems. You’ll continue building a foundation of business understanding and relationships. It’s imperative that you have experience with quantitative analytics and that you are able to clearly articulate solutions.

Requirements

Adequate Moody’s AXIS and/or MG-ALFA modeling skills with good understanding of asset modules, fund level assumptions, and reinvestment switches/options.
Basic understanding of all investment asset types.
Proficiency in at least one programming language for quantitative analysis (Python, R, MATLAB, SQL, etc.).
Proficient in Microsoft Excel.
Strong communication skills; able to articulate complex modeling concepts to senior leaders.
Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required.
Typically, three or more years of related work experience in financial risk modeling or actuarial functions.
Basic knowledge of machine learning, stochastic processes, Monte Carlo simulations, sampling methods and other statistical techniques applicable to specialized risk modeling.
Basic mathematical knowledge of specialized risk models such as those used in hedging, economic scenario generation, catastrophe, credit risk, etc.
Basic knowledge of risk management operations such as asset-liability management, portfolio risk assessment, hedging, etc.
Ability to communicate technical concepts to peers and direct supervisor.
Proficient written and verbal communications skills.
Proficiency with Excel and Powerpoint.

Nice To Haves

3 years of relevant asset modeling experience
Working towards FSA Designation
Graduate-level studies in a related field with advanced degree highly desirable.
Progress toward FCAS, FSA, CQF, CFA or similar preferred.
Other criteria, including leadership skills, competencies and experiences may take precedence.

Responsibilities

Support developing and enhancing asset data processes, enabling efficient modeling of those assets for production and ad-hoc analysis purposes.
Support the asset modeling function, translating strategic priorities into operational reality; align communication, accountabilities, resource capabilities, and internal processes to ensure measurable and sustainable results.
Support implementation of complex asset types (structured securities, hybrid securities), investment/reinvestment strategies, cash flow behaviors, and regulations in Moody’s AXIS and MG-ALFA.
Execute QE asset model staging for production, for multiple lines of business.
Drive asset modeling for annual asset adequacy tests (AAT).
Understands and assesses key needs and is responsible for developing the appropriate quantitative modeling solutions.
Collaborates with departments across the organization or business functions to support strategic goals, objectives, and initiatives.
Builds risk analytic solutions for business problems through collaborating, consulting and driving expectations.
Collaborates with partners and teammates to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld.
Crafts clear and concise summaries of findings and recommendations with support.
Uses impactful storylines and data visualization geared to both technical and non-technical audiences.
Develops, tests, implements and administers sophisticated quantitative modeling processes and tools.
Evaluates and ranks quantitative solutions to business problems.
Communicates the key benefits and limitations of sophisticated modeling tools for business applications.
Works across teams to ensure governance of modeling tools are applied consistently.
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