As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey!
This role requires strong technical skills; implementation of new products, maintenance of the in-force block of business, collaboration with partners with IT, other actuarial teams, and key business stakeholders.
This role will be supporting the life insurance products actuarial team.
Preferred experience includes:
- Excel, VBA, and SQL are highly preferred.
- Financial products knowledge
- Knowledge of actuarial methodologies and calculations
This role will be staffed at the E band, preferred location is Columbus, OH, but could be fully remote.
Job Description Summary
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 an Analyst you will be expected to learn about the insurance and finance industry, products Nationwide provides and a variety of actuarial software. You will be trained in company and business operations while performing mathematical and quantitative actuarial analyses that are essential to the success of Nationwide and the protection we provide our customers.
Key Responsibilities:
- Compiles, categorizes and analyzes data, with direction and oversight.
- Assists in building testing tools, analyzing product calculations and product illustrations.
- Aids in building, maintaining and running actuarial, projection and valuation models.
- Completes financial reporting and analysis with direct oversight.
- Responsible for pricing and implementation of products with input and oversight.
- Assists in valuation/reserving under multiple accounting regimes (statutory, GAAP and tax) for products.
- Assists with analysis of reinsurance opportunities and risks for Nationwide Financial business products.
- Assists in activities related to a specialized phase of data and analytics which may include data governance, data strategy development, data modeling, data requirements, data manipulation, and/or requirements elicitation when needed.
- Assists in the analysis and validation of moderately sophisticated business processes and in the development and implementation of new programs and/or modifications of existing applications when required.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Financial Director, Actuarial, or other financial/actuarial manager.
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, mathematics, statistics, CIS or similar background requiring modeling, programming or quantitative analysis.
License/Certification/Designation: May have passed an actuarial exam, LOMA or other industry exams.
Experience: No finance or actuarial experience needed. Typical candidate may have internship, associate teaching or tutoring experience.
Knowledge, Abilities and Skills: Basic understanding of Microsoft Office products (including VBA within Access and Excel) programming languages, and likely actuarial models. Basic level of perspective, customer focus, dealing with ambiguity, drive for results, business perspective and analysis. Proficient level of problem solving, learning on the fly, and making the best use of system capabilities.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by Chief Actuary and Human Resources Consultant/Manager.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Exempt (Not eligible)
Working Conditions: Normal office environment.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
We currently anticipate accepting applications until 03/06/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.
Benefits
We have an array of benefits to fit your needs, including: 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, and more. To learn more about the benefits we offer, click here.
Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
This position could be filled within any of the lower 48 U.S. states.
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