Actuarial Sr. Consultant, Businessowner Pricing - REMOTE

Nationwide Mutual Insurance Company; Chicago (IL); Remote; USD 104,000 - 215,000; Full time

Job summary

A leading insurance company is seeking a skilled Senior Actuarial Consultant to join their Businessowner commercial pricing team. This remote role involves conducting product reviews, providing pricing recommendations, and collaborating with teams to enhance actuarial models, presenting a significant opportunity for growth and innovation in actuarial services.

Benefits

Medical/dental/vision coverage

Life insurance and disability coverage

Paid time off and holidays

401(k) and pension

Qualifications

• 6+ years of actuarial experience.
• Knowledge of actuarial models, software, and databases.
• Leading others and onboarding new associates.

Responsibilities

• Conduct state product reviews and assess rate adequacy.
• Enhance manual rating plans and provide pricing recommendations.
• Collaborate with data scientists on actuarial models.

Skills

Analytical skills

Problem-solving

Technical expertise in actuarial methodologies

Education

Undergraduate degree in actuarial science, mathematics, statistics

Attainment of ACAS

Working towards or recently attained FCAS

Tools

Microsoft Office

Analytical software

Python

R

Job description

Actuarial Sr. Consultant, Businessowner Pricing - REMOTE

Actuarial Sr. Consultant, Businessowner Pricing - REMOTE

Apply locations: Arizona - Scottsdale, Iowa - Des Moines, Ohio - Columbus, United States - Remote

Job Summary: We are seeking a skilled Senior Actuarial Consultant to support our Businessowner commercial pricing team. This role involves conducting state product reviews, providing risk segmentation and pricing recommendations, and assessing rate adequacy to ensure financial success. The ideal candidate will bring innovative ideas and expertise in actuarial services.

Key Responsibilities:

• Conduct state product reviews
• Enhance manual rating plans, establish risk segmentation, and provide pricing recommendations
• Assess rate adequacy to ensure financial success
• Collaborate with data scientists to develop and implement actuarial models, including GLM and multivariate models
• Maintain and improve actuarial models and tools
• Work across teams to integrate models and insights into business processes

Preferred Experience:

• Proficiency in Python and/or R coding
• Experience in developing and maintaining actuarial models, especially GLM and multivariate models
• Strong analytical and problem-solving skills

This position offers a collaborative environment with growth opportunities. It can be staffed remotely or on a hybrid schedule with 2 days/week at one of our office locations in Columbus, OH, Des Moines, IA, or Scottsdale, AZ. Relocation assistance may be provided.

#LI-SM1 #LI-remote

Job Description Summary: Our Property and Casualty (P&C) Actuarial team members use advanced tools and methodologies. You will need detailed knowledge of business operations, systems, and actuarial techniques, working independently and possibly leading others.

Key Responsibilities:

• Act as a technical expert in actuarial methodologies
• Conduct complex analyses, document assumptions, and develop recommendations
• Present findings to technical and non-technical audiences, representing the company with regulators and external vendors
• Lead cross-functional reviews and build business relationships
• Lead onboarding and training for new associates
• Apply data mining and predictive modeling techniques, exploring new software tools

Qualifications:

• Undergraduate degree in actuarial science, mathematics, statistics, or related field
• Attainment of ACAS, working towards or recently attained FCAS
• Six or more years of actuarial experience
• Knowledge of actuarial models, software, and databases
• Proficiency in Microsoft Office, analytical software, and programming languages

Additional Information: This role is exempt, with normal office conditions. The position may be filled in any of the lower 48 states. The salary range is $104,000 - $215,000, with an expected starting range of $115,000 - $173,000.

Benefits include: Medical/dental/vision, life insurance, disability coverage, paid time off, holidays, 401(k), pension, and more.

Nationwide is an equal opportunity employer committed to diversity and inclusion. We prohibit discrimination and harassment.

Applications are accepted until 06/23/2025, but early submissions are encouraged.