Sr Actuary, NF - Protected Retirement Product Development & Pricing Actuary
About The Position
Nationwide Financial is seeking a Sr Actuary, Product Development & Pricing to join a dynamic, cross-functional team focused on delivering innovative lifetime income solutions within defined contribution (DC) plans. This is a unique opportunity to be an early contributor to a rapidly growing product line centered around group annuity solutions designed to provide guaranteed lifetime income. This Protected Retirement Product Development and Pricing role is involved in product development efforts from inception through launch and performs activities necessary to find the optimal balance between profitability and competitiveness while limiting downside risk and ensuring compliance with state and federal regulations. Given anticipated growth, leadership potential is desired.
Requirements
- FSA Credential
- Self-motivated/Self Starter - Ability to take ownership of projects and drive them to completion
- Strong analysis and problem-solving skills
- AXIS experience strongly preferred
- Oral and written communication skills
- Ability to work in a team environment
- 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
- leadership potential is desired
Responsibilities
- Working creatively and collaboratively with other functional areas to develop solutions for customers
- Assisting in the development of actuarial pricing assumptions; mortality, lapse, expense, distribution, etc.
- Building and modifying AXIS pricing models
- Evaluating/analyzing pricing results including sensitivity tests and stochastic economic scenarios, embedded policy owner options and tail risk analysis
- Reviewing competitive intelligence to support product design efforts, charge structure
- Assisting with State and Federal Regulatory filings
- Helping prepare Product Risk Committee and Senior Management product communications
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
