Actuarial Consultant – General Liability Pricing - REMOTE

Nationwide Mutual Insurance Company; Columbus (OH); Remote; USD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a highly skilled Senior Actuarial Consultant to join their General Liability pricing team. This pivotal role involves conducting state product reviews, enhancing manual rating plans, and providing innovative pricing recommendations to ensure financial success. The ideal candidate will leverage their extensive actuarial knowledge and analytical skills to drive impactful results. This forward-thinking company fosters a collaborative environment where associates can thrive, innovate, and grow, making it an exciting opportunity for those passionate about actuarial science and analytics.

Benefits

Medical/Dental/Vision Insurance

401(k) with Company Match

Company-Paid Pension Plan

Paid Time Off

Business Casual Attire

Short and Long Term Disability Coverage

Paid Holidays

Lifetime Paid Time Off

Unity Day Paid Time Off

Qualifications

• 5+ years of actuarial experience with expertise in pricing and risk analysis.
• Strong proficiency in SQL and data manipulation for actuarial functions.

Responsibilities

• Conduct state product reviews and enhance manual rating plans.
• Analyze results and present findings to actuarial and underwriting teams.

Skills

Actuarial Analysis

Risk Segmentation

SQL

DataBricks

R

Predictive Modeling

Statistical Methods

Data Mining

Education

Undergraduate degree in actuarial science

Mathematics, statistics, or data science

Tools

Microsoft Office

Actuarial Software

Job description

Actuarial Consultant – General Liability Pricing

Actuarial Consultant – General Liability Pricing

Apply locations Ohio - Columbus, One Nationwide Plaza Iowa - Des Moines time type Full time posted on Posted 2 Days Ago job requisition id 90391 As a team member in the Finance 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, Internal Audit, and so much more. 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.

Senior Actuarial Consultant – General Liability Pricing

Position Overview: We are seeking a highly skilled Senior Actuarial Consultant to join our General Liability/Umbrella/Inland Marine commercial pricing team. This role is crucial in supporting the pricing function by conducting state product reviews, providing risk segmentation and pricing recommendations, and assessing rate adequacy to promote financial success. The ideal candidate will bring new perspectives and innovative ideas to continue delivering high-level actuarial services to our business customers.

Key Responsibilities:

• Conduct state product reviews.

• Enhance manual rating plans, establish risk segmentation, and provide pricing recommendations.

• Assess rate adequacy to ensure financial success.

• Introduce new perspectives and innovative ideas to enhance actuarial services.

• Analyze results and present findings to internal product, actuarial, and underwriting teams.

Preferred Experience and Skills:

• General Liability experience is highly preferred.

• Proficiency in SQL, DataBricks, and R.

• Exposure to predictive modeling is a plus.

Work Arrangements: The preferred work location will be hybrid with 2 days per week at one of our office locations in Columbus, OH, or Des Moines, IA. Relocation assistance may be provided.

Compensation: This position will be staffed at the G4 internal pay band.

Job Description Summary

Our Property and Casualty (P&C) 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 Actuarial Consultant, you’ll need to be adept at actuarial functions and know P&C products to perform complex, quantitative actuarial analyses. In addition, we’ll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues.

This position may have the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.

Key Responsibilities:

• Has in-depth knowledge of actuarial methodologies with the ability to source and manipulate complex data within standard requirements.

• Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations.

• Accurately documents assumptions, methods, sources, and considerations in an organized fashion.

• Prepares and presents actuarial findings and documents that are suitable for technical and non-technical audiences at the senior Actuarial leadership level.

• Develops work plans and ensures accurate work product is delivered.

• Leads peer reviews to increase collaboration, ensure quality work, and drive innovation.

• Maintains relationships with business customers as well as builds new relationships.

• Leads onboarding and training for new associates on standard work processes.

• Applies data mining techniques used to identify new relationships in data and make recommendations based on findings.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to an Actuarial, Analytics, or Risk Management leader.

Typical Skills and Experiences:

Education: Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis.

License/Certification/Designation: Generally, has attained ACAS and is working towards FCAS.

Experience: Generally, five or more years of actuarial experience.

Knowledge, Abilities and Skills: Detailed knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products, analytical software and programming languages.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job.

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.

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.