Actuarial Sr. Consultant, Businessowner Pricing - REMOTE

Nationwide Insurance; Scottsdale (AZ); Remote; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Actuarial Consultant to join their Businessowner pricing team. This role is pivotal in supporting pricing functions through state product reviews, risk segmentation, and pricing recommendations. The ideal candidate will possess a strong background in actuarial methodologies and coding skills in Python or R. You'll thrive in a collaborative environment that encourages innovation and professional growth, contributing to the development of advanced actuarial models. If you're passionate about leveraging technology for actuarial excellence, this opportunity is for you!

Benefits

Medical/Dental/Vision Insurance

401(k) with company match

Paid Time Off

Company-paid pension plan

Business casual attire

Qualifications

• 6+ years of actuarial experience with strong analytical and problem-solving skills.
• Proficient in Python and R, with a background in actuarial models.

Responsibilities

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

Skills

Analytical Skills

Problem-Solving Skills

Actuarial Methodologies

Data Mining Techniques

Communication Skills

Education

Undergraduate degree in actuarial science

Degree in mathematics or statistics

Tools

Python

R

Microsoft Office

Actuarial Software

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. 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.

Sr. Actuarial Consultant, Commercial Lines – Businessowner Pricing

We are seeking a highly skilled Senior Actuarial Consultant to join our Businessowner 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.
• Collaborate with a data scientist or predictive modeler to develop and implement innovative actuarial models, including Generalized Linear Models (GLM) and multivariate models.
• Contribute to the development, maintenance, and enhancement of actuarial models and tools.
• Work across teams to ensure seamless integration of models and actuarial insights into business processes.

Strongly Preferred Experience:

• Proficiency in coding with Python and/or R.
• Strong background in developing and maintaining actuarial models, particularly GLM and multivariate models.
• Strong analytical and problem-solving skills.

This position offers a collaborative and innovative work environment, with opportunities for professional growth and development. If you are passionate about leveraging technology to drive actuarial excellence, we encourage you to apply.

This role will work on a hybrid schedule, with 2 days per week at one of our office locations in Columbus, OH, Des Moines, IA or Scottsdale, AZ. This role will be staffed at the G5 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 Sr Consultant, you’ll need to have detailed familiarity with business operations, systems, and actuarial methodologies. We’ll count on you to be adept at complex actuarial techniques and work independently to combine advanced actuarial and business knowledge to provide high-level analysis. Additionally, you’ll have expertise to provide consultation and recommendations on deliverables and maintain detailed documentation of actuarial models and analyses. You’ll work independently and may lead others.

Key Responsibilities:

• Acts as a technical expert of actuarial methodologies allowing the ability to source and manipulate data within standard requirements.
• Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations. Resolves unreasonable results/non-optimal solutions using experience and professional judgment.
• 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 cross functional work plans and ensures accurate work product is delivered.
• Leads cross functional peer reviews to increase collaboration, ensure quality work, and drive innovation.
• Builds business relationships and leads cross functional communication with team members, customers, and business partners.
• Leads onboarding and training for new associates on standard work processes. Assists in creating new training materials.
• Applies data mining techniques used to identify new relationships in data and make recommendations based on findings.

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 attained ACAS and is working towards FCAS or recently attained FCAS.

Experience: Generally, six 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.

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. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

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.