Specialist, Actuarial Finance

Nationwide•Columbus, OH

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 Description: In this role, the Associate will be responsible for representing Finance on projects that build new, or make enhancements to, annuity products and their related guarantees, investment options, and other features. The role will work closely with multiple areas within the organization to ensure successful launches of systems functionality to support these offerings; areas include IT, Legal, Compliance, Marketing, Operations, and several areas within Finance. The focus within projects is on the mathematical and logical components needed to support the annuity product offerings. For projects administered on existing administration systems, interactions with IT include knowledge transfers, requirement elicitation, testing support, and defect resolution. For projects launched on the new Annuity Modernization Accenture system the role will focus on customizing system parameters for our product features and calculations and then testing for accuracy. Beyond systems projects, the team manages tools, via both creation and testing, that drive product sales illustrations and/or equipping our call center to support existing customers. In addition, the team assists with production defects, service recovery efforts, and annuity calculation questions. Interested candidates should have a strong background in mathematics, the annuity line of business, and/or information systems/ computer programming. Candidates must be eager to learn, demonstrate strong communication skills, and have a desire to collaborate. This role offers an opportunity to gain detailed knowledge on annuity products, work with multiple areas within the organization, and support the Annuity Modernization program. Our Nationwide Financial (NF) 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 a Technical Specialist, you’ll gain thorough knowledge of actuarial functions for our NF Products. You will continue to perform increasingly sophisticated actuarial methodologies to estimate future loss and premium results for ratemaking or valuation purposes. We’ll count on you to complete a wide variety of actuarial assignments with minimal direction.

Requirements

Interested candidates should have a strong background in mathematics, the annuity line of business, and/or information systems/ computer programming.
Candidates must be eager to learn, demonstrate strong communication skills, and have a desire to collaborate.
Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis.
Generally, two to four years of financial, actuarial or relevant experience.
General knowledge of finance or actuarial business functions, statistical methods of analysis, financial or actuarial models, financial/actuarial software, programming languages or databases.
Proficient in Microsoft Office products (including VBA within Access and Excel), programming languages and likely actuarial models.
Basic level of perspective, customer focus, business perspective, and accounting.
Proficient level of problem solving, dealing with ambiguity, drive for results, analysis, learning on the fly, and making the best use of system capabilities.

Nice To Haves

May have passed several actuarial, LOMA or other industry exams.
May hold information technology certifications.

Responsibilities

Provide calculation and logic support on annuity projects; this includes knowledge sharing, creation of sample scenarios, clarifying requirements, configuring, testing, and post-implementation (defect management) phases of the project.
Provide support on annuity illustration tools; this can include creation of tools, enhancements to tools, or testing of third-party tools.
Creation, or modification to, tools that assist Operations or Call Center associates with complex calculations.
Analysis and support when defects are identified by IT, Operations, or Finance; this can include writing queries to identify impacted contracts and providing guidance on systems solutions to correct the calculations/logic.
Analysis and support as questions arise on calculations for the annuity products and their guarantees; this includes analysis and clear communication back to internal and/or external parties
Compiles, categorizes and analyzes data with limited supervision.
Assists and supports in building sophisticated testing tools, analysis of product calculations and product illustrations.
Assists with construction, maintenance and execution of financial, actuarial, projection and valuation models.
Assists with financial reporting and analysis.
Supports pricing and implementation of products.
Conducts analysis of risks for NF lines of business.
Assists and supports in valuation/reserving under multiple accounting regimes (statutory, GAAP, and tax) for products.
Conducts some analysis of reinsurance opportunities.
May assist within their specialty areas on one or more highly specialized phases of data and analytics which may include data governance, data strategy development, data modeling, data requirements, data manipulation and/or requirements elicitation.
Help, when requested, in the design, development, and implementation of new programs and/or modifications of existing applications.
May assist in the more sophisticated designs, prototypes, coding and other methodologies for new and/or existing applications including development of test plans.
Supports the development of effective communication and recommendations to leadership.
May build supporting documentation.
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