Sr Consultant – Risk Analytics P&C Capital Forecasting & Performance – REMOTE
About The Position
Nationwide is seeking a Senior Consultant, Risk Analytics to join the Capital Forecasting team within Enterprise Risk Management. The role will help update the framework used by Property & Casualty businesses to establish, monitor, and improve target returns and target combined ratios, connecting P&C actuarial and financial-risk analysis to enterprise business decisions. The position works across Finance, P&C Actuarial, Risk Management, Capital Modeling, and business leadership to develop clear targets, recommendations, and a consistent capital monitoring and reporting framework. The Senior Consultant serves as a subject-matter expert in P&C target returns, target combined ratios, and capital analytics; helps strengthen capital monitoring and reporting; and partners with business units to set targets at a granular cell-planning-unit level and assess performance. The role leads annual assumption reviews, applies financial-risk and P&C analytics, interprets model outputs with modeling partners, and presents findings and recommendations to technical and non-technical audiences. It also builds stakeholder alignment and guides the framework from design through implementation and ongoing operation. As a Risk Analytics professional, the Senior Consultant creates and manages quantitative risk analytics projects to address business problems. The role consults strategically with business partners, links business needs to technical research, and leads the development, testing, implementation, administration, evaluation, and governance of quantitative modeling processes and tools. The position reports to a Risk/Actuarial leader and is staffed fully remote. The work is performed in a normal office environment, and the position is exempt and not eligible for overtime.
Requirements
- Seven or more years of related experience in P&C actuarial work, insurance analytics, financial-risk modeling, capital management, underwriting performance, or a related field.
- Strong understanding of P&C financial risk and profitability; relevant experience may include pricing, reserving, target returns, combined ratios, capital modeling, or corporate actuarial work.
- Ability to understand sophisticated quantitative analysis and communicate the reasoning behind targets and recommendations.
- Demonstrated success influencing partners across Finance, Actuarial, Risk Management, modeling, and business functions.
- Strong judgment, executive communication, presentation, and storytelling skills.
- Comfort creating structure and delivering results when the starting process is incomplete or needs to be rebuilt.
- Undergraduate studies in finance, accounting, economics, statistics, mathematics, or a related subject area.
- Knowledge of processes and functions spanning the insurance and risk management cycle.
- Understanding of machine learning, stochastic processes, Monte Carlo simulations, sampling methods, and other statistical techniques used in specialized risk modeling.
- Mathematical knowledge of specialized risk models, such as models used in hedging, economic scenario generation, catastrophe, and credit risk.
- Understanding of risk management operations, such as asset-liability management, portfolio risk assessment, and hedging.
- Advanced proficiency with Excel and PowerPoint.
Nice To Haves
- ACAS, FCAS, or progress toward an actuarial or comparable quantitative designation.
- Graduate-level studies in a related field; an advanced degree is highly desirable.
- Progress toward FCAS, FSA, CQF, CFA, or a similar designation.
- Experience with stochastic modeling, Monte Carlo simulation, predictive analytics, machine learning, enterprise risk, M&A, or related capital and portfolio analytics.
Responsibilities
- Serve as the subject-matter expert for P&C target returns, target combined ratios, and capital analytics.
- Enhance the P&C capital monitoring and reporting framework to support capital deployment decisions.
- Partner with business units to determine appropriate targets at a granular cell-planning-unit level and evaluate performance against those targets.
- Lead the annual review of target assumptions and recommend changes as business conditions and performance evolve.
- Apply financial-risk and P&C analytics, including underwriting performance, loss-ratio history, pricing, and reserving insights.
- Work with modeling partners to understand model outputs and translate them into practical business recommendations.
- Present technical findings and strategic recommendations to technical and non-technical audiences, including senior Finance, Actuarial, Risk, and business leaders.
- Build stakeholder alignment, socialize a new framework, and guide it from design through implementation and ongoing operation.
- Understand and assess key business needs and proactively develop appropriate quantitative modeling solutions.
- Collaborate with organizational departments and business functions to accomplish strategic goals, objectives, and initiatives.
- Develop risk-analytic strategies for business problems through collaboration, consultation, and expectation-setting.
- Lead analysis of enterprise models to ensure assumptions, processes, and outputs are understood and modeling methodologies are upheld.
- Create clear summaries of findings and recommendations, using storylines and data visualization suited to technical and non-technical audiences.
- Communicate strategic business solutions and the benefits and limitations of sophisticated modeling tools to leaders.
- Lead development, testing, implementation, and administration of quantitative modeling processes and tools.
- Evaluate and rank quantitative solutions to business problems.
- Lead governance of modeling tools and ensure they are applied consistently.
- Perform other responsibilities as assigned.
Benefits
- Medical, dental, and vision coverage.
- Life insurance.
- Short- and long-term disability coverage.
- Paid time off, with newly hired associates receiving a minimum of 18 days per full calendar year, prorated quarterly based on hire date.
- Nine paid holidays.
- Eight hours of Lifetime paid time off.
- Eight 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
