Actuary – Retirement Solutions Pricing - REMOTE

Nationwide Insurance; Columbus (OH); Remote; USD 85,000 - 110,000; Full time

Job summary

A leading insurance firm is seeking an experienced Actuary for its Retirement Solutions Pricing team. This fully remote position requires actuarial experience, modeling proficiency, and a strong understanding of risk analysis. The role offers an exciting opportunity to shape retirement pricing strategies while working in a dynamic environment. Benefits include a comprehensive package with health insurance, paid time off, and a 401(k) with company match.

Benefits

Medical, dental, and vision insurance

401(k) with company match

Minimum of 18 days paid time off

Qualifications

• 5-7 years of actuarial experience required.
• Experience with actuarial modeling software is essential.
• Proficiency in risk analysis and data categorization.

Responsibilities

• Lead negotiations with external institutions.
• Perform risk analysis and maintain pricing models.
• Conduct financial reporting and establish reserves.

Skills

Actuarial experience

Modeling proficiency

Adaptability

Communication skills

Education

Undergraduate degree in actuarial science, mathematics, statistics

FSA certification

Tools

ALFA

Axis

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.

Actuary – Retirement Solutions Pricing

Are you an experienced actuary looking to make a significant impact in the world of retirement solutions? We are seeking a dynamic and versatile Actuary to join our Investment Only Group Annuity & Recordkeeping team. This role offers the opportunity to work with investment-only fixed products.

Key Responsibilities:

• Lead negotiations and interface with external institutions and business partners.
• Utilize actuarial modeling software to perform risk analysis and inform product design
• Maintain and enhance pricing models.

What We’re Looking For:

• Must-Have: Actuarial experience, comfort with a primarily remote work team, and proficiency in modeling.
• Preferred: Experience with ALFA or Axis modeling software.
• Ability to handle quick requests and wear many hats in a dynamic environment.
• ASA required, FSA preferred

Why Join Us?

• Be part of a team that values adaptability and versatility.
• Play a crucial role in shaping our retirement solutions pricing strategies.
• Enjoy the challenge and excitement of a role with significant external exposure.

Location:

This role can be staffed 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.

Key Responsibilities:

• Acts as a specialist for compilation, categorization and analysis of data.
• Constructs sophisticated testing tools and product calculations.
• Builds, maintains and computes Actuarial, Projection & Valuation Models.
• Conducts financial reporting and analysis.
• Pricing and supports implementation of products.
• Conducts risk analysis for lines of business/products.
• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
• Leads and provides experienced knowledge for the analysis of reinsurance opportunities.
• Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.

Typical Skills and Experiences:

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

License/Certification/Designation: FSA required.

Experience: Typically, five to seven years of actuarial experience.

Knowledge, Abilities and Skills: Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases.

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.