Actuary — Life Insurance Valuation - Fully Remote
About The Position
Nationwide Financial is seeking an Actuary to join its Life Valuation team and deliver accurate, compliant actuarial valuation for life insurance products. The role provides subject-matter expertise in Statutory, GAAP, and Tax valuation and leads analysis and implementation of evolving standards, including LDTI and PBR. The Actuary owns and continuously improves quarterly valuation processes, validation tools, controls, documentation, and governance. The position builds, maintains, and analyzes actuarial, projection, and valuation models supporting financial reporting, risk analysis, product calculations, and reserve setting. The Actuary collaborates with Tax, Controllership, Pricing, and partners across data, modeling, assumptions, product development, analytics, and reporting. The position responds to auditor and regulator inquiries and communicates findings and recommendations to technical and nontechnical audiences, including senior finance leaders. It requires independent work and may involve directly or indirectly leading others. The role may be performed from Columbus, Ohio, or fully remotely, and the posting states it could be filled within any of the lower 48 U.S. states.
Requirements
- FSA designation is required.
- Undergraduate degree in actuarial science, mathematics, statistics, or a similar field involving modeling, programming, or quantitative analysis.
- Typically five to seven years of actuarial experience in the role description; the introductory posting states typically seven or more years.
- Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software, and databases.
- Strong knowledge of actuarial business functions and valuation principles.
- Mastery of Microsoft Office products, including VBA within Access and Excel.
- Experience with analytical software and programming languages.
- Proficiency with analytical tools such as Power BI or SQL.
- Ability to work independently and potentially lead others directly or indirectly.
- Strong problem-solving, analysis, learning, customer focus, drive for results, and ability to deal with ambiguity.
Nice To Haves
- Experience with life insurance products and Statutory/GAAP valuation is preferred.
- Experience with AXIS or ALFA modeling software is preferred.
- VB.NET or Python programming experience is a plus.
- Experience with analytical software such as Tableau.
Responsibilities
- Serve as a subject-matter expert in Statutory, GAAP, and Tax valuation for life insurance products.
- Lead analysis and implementation of evolving valuation standards, including LDTI and PBR.
- Own and continuously improve quarterly valuation processes, validation tools, controls, documentation, and governance.
- Build, maintain, and compute actuarial, projection, and valuation models.
- Conduct financial reporting and analysis, risk analysis, product calculations, and reserve setting.
- Compile, categorize, and analyze data; construct sophisticated testing tools and product calculations.
- Price and support implementation of products.
- Lead and provide experienced knowledge for analysis of reinsurance opportunities.
- Collaborate with Tax, Controllership, Pricing, and partners across data, modeling, assumptions, product development, analytics, and reporting.
- Respond to auditor and regulator inquiries.
- Develop presentations, communication strategies, and recommendations that explain actuarial findings to technical and nontechnical audiences, including OCFO leadership.
- Provide business recommendations and contribute to an efficient, consistent, integrated strategic vision for the team.
- May perform other responsibilities as assigned.
Benefits
- Medical, dental, and vision coverage.
- Life insurance.
- Short- and long-term disability coverage.
- Paid time off; newly hired associates receive a minimum of 18 days per full calendar year, prorated quarterly based on hire date.
- Nine paid holidays.
- Eight hours of Lifetime paid time off.
- Eight hours of Unity Day paid time off.
- 401(k) with company match.
- Company-paid pension plan.
- Business casual attire.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
