Sr Director, Actuary – Pricing Recordkeeping, Group Annuity Contracts & Stable Value Wrap- REMOTE

Nationwide•Columbus, OH

49d•$149,000 - $279,000•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. Drive profitability and growth across core retirement products. Nationwide Financial is hiring a Senior Director, Actuary to lead actuarial pricing and strategy across Recordkeeping (RK), Group Annuity Contracts (GAC), and Stable Value Wrap (SVW) products. This is a senior leadership opportunity for an actuary who wants to build relationships with Retirement Solutions business leadership and influence business strategy. This role requires close collaboration with Corporate ALM actuarial as well as the Office of Investments to ensure profitable growth while mitigating downside risk. 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 Director, you’ll show a mastery of business operations, systems and actuarial methodologies. You will provide leadership, direction and oversight for the performance of sophisticated actuarial techniques and procedures and risk analysis. In addition, you’ll develop a strategic vision for the team to ensure efficient, consistent and integrated data and analysis. We’ll count on you to set strategy and business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll need to work independently and may directly or indirectly lead others.

Requirements

Fellow of the Society of Actuaries (FSA)
Strong actuarial expertise in pricing and product mechanics
Demonstrated success leading through influence rather than authority
Comfort navigating resistance and driving strategic outcomes
Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis.
Achievement of Fellowship in the Society of Actuaries. Has membership in the Society of Actuaries and American Academy of Actuaries.
At least eight years of actuarial experience and Actuarial Council approval.
The highest level of technical actuarial expertise in insurance product mechanics and embedded options, pricing models, pricing assumptions, valuation and non-forfeiture laws, tax code 7702, state regulations.
The role will require leadership, influence and communication skills.
An ability to use past actuarial experience to apply to new product concepts and requirements, such as Principles Based Reserves, is required.

Nice To Haves

Experience with: Recordkeeping Group annuities Stable value or institutional retirement products
Background in annuities, pensions, or asset‑liability management
Experience supporting business transformation or large‑scale change initiatives
A smart, adaptable actuary can quickly ramp into these products — leadership instinct and strategic thinking are the primary differentiators.

Responsibilities

Lead pricing strategy across private sector and public sector recordkeeping, institutional group annuities, and stable value products
Partner with business leaders to: Transform recordkeeping to improve profitability Support and accelerate a key business growth initiatives
Build and refine actuarial models focused on: Capital efficiency Risk‑adjusted returns Asset Liability Management
Develop actuarial talent through coaching, mentorship, and clear accountability
Builds models and assumptions to evaluate the pricing metrics of a product design to advise business and risk management leadership of the expected profitability and most significant risks associated with new product concepts.
Demonstrates expert knowledge of pricing assumption-setting, model building, actuarial analysis, product mechanics and embedded policy owner options, valuation and non-forfeiture law.
Works with business leadership to craft innovative concepts and product designs to meet customer needs, while at the same time figuring out how the new concepts and products provide adequate risk adjusted return on capital and meet regulatory constraints.
May also be involved with risk management leadership on innovative reinsurance concepts and redundant reserve transactions.
Requires collaboration skills and knowledge of markets and distribution systems as well as the underlying actuarial expertise.
Evaluates, updates and maintains models and assumptions as experience emerges to manage risk and periodically resolve capital use and expected return on capital.
Advises and informs business and risk management leadership of recommended product or process changes to support profitable growth and capital strength.
Educates and motivates the cross-functional team to deliver results.
Communicates and influences to gain top-down support as well as approval.
Builds materials to support the state and interstate compact approval, implementation and administration of new products, including filing demonstrations and actuarial specifications.
Hires and develop talent, provides consistent coaching and feedback.
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