Actuary, Protected Retirement Pricing

Nationwide•Columbus, OH

2d•$138,000 - $243,000•Hybrid

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. The Protected Retirement business is part of Nationwide Retirement Solutions, an organization that helps secure financial futures for approximately three million participants across 30,000 retirement plans and $250 billion in assets. The broader business supports participants preparing for and living in retirement through recordkeeping, investment solutions, pension risk transfer, and retirement income offerings. Within that environment, this Actuary role is focused on pricing and product development for in-plan annuity solutions that help participants manage market risk, protect principal, and build greater confidence in retirement income. The team combines actuarial, product, and business expertise to evaluate solution design, support innovation, and advance guaranteed retirement offerings embedded within target date funds, managed accounts, and other retirement plan solutions.

Requirements

Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related quantitative field.
Progress toward ASA/FSA credentialing, or equivalent actuarial exam progression, with a strong commitment to continued professional development.
Actuarial experience in retirement solutions, annuities, life insurance, investments, or other financial services products; experience with pricing or guaranteed income solutions is preferred.
Strong technical skills in actuarial modeling, data analysis, and quantitative problem solving, including experience with modern actuarial tools and large data sets.
Knowledge of retirement income concepts, product design, risk management, and pricing methodologies.
Demonstrated ability to work collaboratively across functions, manage multiple priorities, and communicate effectively with both technical and non-technical stakeholders.
Curiosity, sound judgment, and a continuous improvement mindset, with the ability to turn analysis into practical business recommendations.
Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.
FSA required.
Typically 5 to 7 years of actuarial experience.
Expert 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 with pricing or guaranteed income solutions is preferred

Responsibilities

Support pricing and product development for in-plan annuities designed to bring lifetime income guarantees to defined contribution plans
Develop, maintain, and enhance actuarial models used to evaluate product performance, assumptions, risk exposure, and profitability across in-plan retirement income solutions.
Partner with asset managers, and other insurers on highly customized solutions
Analyze experience, trends, and emerging market dynamics to identify opportunities for innovation, pricing refinement, and continuous improvement.
Communicate findings and recommendations clearly to business leaders and actuarial partners, translating complex analysis into actionable insights for decision-making.
Leads and provide expert knowledge for the compilation, categorization and analysis of data.
Leads and provides expert knowledge for the construction of complex testing tools and analysis of product calculations.
Leads and provide expert knowledge for the construction, maintenance and execution of Actuarial, Projection & Valuation Models.
Leads and provide expert knowledge for the financial reporting & analysis.
Leads and provide expert knowledge for the pricing and implementation of products.
Leads and provide expert knowledge for the analyzing risks for lines of business.
Leads and provides expert knowledge for the establishing reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
Leads and provide expert knowledge for the analysis of reinsurance opportunities.
Develops effective communication strategies and recommendations to leadership.
Executes and delegates as needed.
Performs other duties as assigned.