Actuarial Consultant, Life Insurance Modeling - REMOTE

Nationwide Insurance; Pennsylvania; Remote; USD 100,000 - 125,000; Full time

Job summary

A financial services company is seeking an experienced Actuarial Consultant to join its Life Modeling Team. This remote role involves developing and maintaining models for various life insurance products. The ideal candidate will have a degree in actuarial science or related fields, ASA designation, and relevant actuarial experience. This position offers a chance to innovate in the actuarial field, with collaboration across various teams.

Qualifications

• 3-5 years of actuarial experience focusing on Life modeling.
• Valid ASA designation and active enrollment in the Actuarial Development Program.
• Strong modeling skills with experience in Traditional Life, Term, Whole Life, and Universal Life.

Responsibilities

• Develop and maintain actuarial models, ensuring accuracy and compliance.
• Lead modeling initiatives supporting evolving business needs.
• Compile, categorize, and analyze data.

Skills

Actuarial science

Mathematics

Statistics

Proficiency in actuarial software

Microsoft Office products

Data analysis tools (SQL, Tableau, Power BI)

Programming in Python

Education

Undergraduate degree in actuarial science, mathematics, or statistics

ASA designation

Tools

Moody’s AXIS

Milliman Integrate

MG-ALFA

Job description

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.

Actuarial Consultant, Life Insurance Modeling - REMOTE

Role Overview: We are seeking an experienced Actuarial Consultant to join our Life Modeling Team. This role is pivotal in developing and maintaining models for Universal Life (UL/IUL) and Traditional Life products. You will collaborate with cross-functional teams to enhance modeling processes and support strategic modeling initiatives.

Key Responsibilities:

• Develop and maintain actuarial models, ensuring accuracy and compliance with industry standards.
• Validate and test model changes to ensure correctness and reliability.
• Lead modeling initiatives that support evolving business needs.
• Identify and implement enhancements to modeling processes and tools.

Must-Have Skills:

• Undergraduate degree in actuarial science, mathematics, or statistics.
• ASA designation and active enrollment in the Actuarial Development Program.
• 3-5 years of actuarial experience, with a focus on Life or similar financial product modeling.
• Proficiency in actuarial software and Microsoft Office products.

Preferred Qualifications:

• Experience with Life Insurance products.
• Advanced knowledge of Moody’s AXIS and Milliman Integrate or MG-ALFA.
• Programming experience in Python and familiarity with data analysis tools such as SQL, Tableau, or Power BI.
• Strong modeling skills, with a focus on Traditional Life, Term, Whole Life, and Universal Life models.

Job Description Summary

Our Nationwide Financial (NF) Actuarial team members have opportunities to use state-of-the-art tools and are encouraged to innovate and learn to master actuarial methodologies.

As an Actuarial Consultant, you’ll need to be adept at actuarial functions and know NF products to perform sophisticated, quantitative actuarial analyses.

This position may have the opportunity to be a part of the NF 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.

Key Responsibilities:

• Compiles, categorizes, and analyzes data.
• Performs construction of testing tools and analysis of product calculations.
• Constructs, maintains, and conducts Actuarial, Projection & Valuation Models.
• Performs financial reporting and analysis.
• Leads pricing and implementation of products.
• Analyzes risks for lines of business.
• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
• Performs reinsurance analysis and pricing.
• Supports and may develop effective communication strategies and recommendations to leadership.
• Leads peer reviews to increase collaboration, ensure quality work, and drive innovation.
• Maintains relationship with business customers as well as builds new relationships.
• Leads onboarding and training for new associates on standard work processes.

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 pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate.