Sr. Actuary – Annuity Modeling (REMOTE)

Nationwide

1d•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. Role Overview: We are seeking an experienced Sr. Actuary to join the NF Annuity Modeling Team. The role is responsible for multiple aspects of model development and maintenance supporting all major actuarial functions including valuation, forecasting, pricing, cash flow testing and risk management. The role is responsible for the development and maintenance of our Moody’s AXIS Annuity models in consultation with model users from the actuarial functions, as well as working closely with Moody’s to learn about and implement their latest developments into our environment. The role provides technical expertise to modeling approaches and methodologies and ensures integration of end-to-end model development, from data to output, and adherence to enterprise model risk standards. This is a leadership role that requires a high level of technical actuarial and modeling skills, as well as strong communication skills, necessary to lead the team through project implementation and execution in Moody’s AXIS. Our Nationwide Financial 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 Senior Actuary, you’ll be an expert, providing leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. You’ll handle research and direct others to ensure efficient, consistent and integrated data and analysis. We’ll count on you to provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll work independently and may directly or indirectly lead others.

Requirements

Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis highly preferred.
At least 8 years of relevant actuarial experience, minimum 5 years of FSA level work
At least 3 years experience managing a team
Modeling expertise: Moody’s AXIS actuarial software
Product knowledge: Variable or Indexed Annuity expertise
Application knowledge: Proficient in Stat and GAAP Valuation and Forecasting, Pricing, Cash Flow Testing and Risk Management
Technical skills: Proficient in Microsoft Office, SQL, Python
Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, and business perspectives.
Mastery level of problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.
FSA required.
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

Ability to connect associates to the enterprise vision and help them understand how we support the company’s overall success
Comfort leading through ambiguity and regulatory change; ability to create structure and next steps for the team
Passionate about leading by example, and acting as a coach to help associates discover insights on their own
Coaching and development of associates, including feedback and identifying stretch opportunities

Responsibilities

Assist the Annuities Model Lead with setting the vision for the team and translating strategic priorities into operational reality; aligning communication, accountabilities, resource capabilities and internal processes to ensure that strategic priorities yield measurable and sustainable results
Lead the team through implementation of new functionality, products or regulations in Moody’s AXIS across multiple lines of business
Oversee the QE/YE production process for multiple applications and lines of business
Assist actuarial internal customers with Moody’s AXIS modeling needs
Work closely with Moody’s to learn about and implement their latest AXIS developments into our environment
Partner with Data / Technology teams on requirements and controls for model inputs
Ensure team’s adherence to model risk management standards, including documentation, testing frameworks, and governance artifacts
Build cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the leadership level.
Manage 3-4 actuarial associates
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.

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