Sr Actuary, NF - Protected Retirement Product Development & Pricing Actuary

Nationwide Mutual Insurance•Columbus, OH

9d•Remote

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. Key elements of this role include product innovation, product design, analyzing and developing pricing assumptions, building models, evaluating base product and embedded policyowner options, writing specifications for administrative systems, presenting products for approval to a formal risk committee, and filing actuarial demonstrations with state and federal regulatory bodies. Given anticipated growth, leadership potential is desired. 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. 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

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.