Sr Actuary, Annuity Inforce Management (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. We are seeking a technical Sr. Actuary to lead our Annuity Inforce Management team. This role is ideal for an experienced actuary who brings annuity product experience and enjoys a business-facing role. This is an opportunity to support the long-term management of Nationwide’s annuity products including projects that influence lapse behavior and support inforce Asset Liability Management. Ratesetting responsibilities cover Nationwide's broad family of Fixed Indexed Annuities, Book Fixed Annuities, Single Premium Immediate Annuities, and Registered Indexed Linked Annuities. As we expand our crediting strategies and indices, we look to build out the next iteration of our home grown ratesetting application, moving from .Net to Python.
Requirements
- Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or another quantitative field.
- FSA credential required
- Strong technical, analytical, and communication skills, with the ability to balance detailed actuarial analysis, business judgment, and leadership in a changing environment
- This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.
- Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis.
- FSA required.
- Typically, at least eight years of actuarial experience.
- Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies.
- Knowledge of industry and regulatory practices is vital.
- Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages.
- Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting.
- Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.
Nice To Haves
- Annuity product experience
- Business-facing role
Responsibilities
- Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis.
- Constructs sophisticated testing tools and analyzes product calculations.
- Leads, provides expertise and builds strategies for pricing and implementation of products.
- Constructs, maintains and completes Actuarial, Projection & Valuation Models.
- Analyzes risks and reinsurance for lines of business.
- Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP and tax) for products.
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
