Specialist - PL Actuarial State Pricing

Nationwide Mutual Insurance Company; Columbus (OH); Hybrid; USD 88,000 - 132,000; Full time

Benefits offered by this job

Medical/dental/vision insurance

Paid time off

401(k) with company match

Company-paid pension plan

Business casual attire

Job summary

Nationwide Mutual Insurance Company seeks an Actuarial Specialist in Columbus, OH. This role involves performing complex quantitative analyses for P&C products, engaging in data analysis, and developing actuarial methodologies. The position provides opportunities to gain knowledge in actuarial functions and participate in a Rotation Program.

Ideal candidates have an undergraduate degree in actuarial science or similar and preferably knowledge in Python or R. The compensation range is $88,000 to $132,000, contingent on experience and skills.

Qualifications

• Proficient in actuarial methodologies and quantitative analysis.
• Experience with Python or R is preferred.
• Strong problem-solving and customer focus.

Responsibilities

• Perform complex mathematical analyses for property and casualty products.
• Develop relationships across finance and assist with onboarding new associates.
• Use data mining techniques for identifying relationships in data.

Skills

Actuarial methodologies

Data analysis

Strong communication skills

Microsoft Excel

Microsoft PowerPoint

Education

Undergraduate degree in actuarial science, mathematics, statistics, data science, or related field

Tools

Python

R

Job description

Actuarial Specialist - Personal Lines Pricing

Nationwide is a Fortune 100 company with nearly $70 billion in annual sales, and we are seeking dedicated associates who are passionate about delivering extraordinary care and support to our customers.

Role Overview

Perform complex mathematical and quantitative analyses for property and casualty (P&C) products, participate in a rotation program, and develop actuarial methodologies.

General Actuarial Support

• Develop business relationships across multi‑channel finance.
• Assist with transactional pricing and loss rating.
• Engage in data analysis.

Must‑Have Skills

• Proficiency in actuarial methodologies and data analysis.
• Strong communication skills for presenting findings to technical and non‑technical audiences.
• Experience with Microsoft Excel and PowerPoint.

Key Responsibilities

• Generate actuarial pricing analysis alongside Pricing leadership in support of state and line‑level business decisions. Involved in analysis regarding different rate and non‑rate strategies to manage profitability.
• Continually develop deeper knowledge of actuarial methodologies, allowing the ability to source and manipulate more complex data within standard requirements.
• Conduct analyses that adhere to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations; note and suggest potential resolution to any unreasonable results and report to leader.
• Accurately document assumptions, methods, sources, and considerations in an organized fashion.
• Prepare and present actuarial findings and documents suitable for technical and non‑technical audiences.
• Adhere to assigned work schedule to ensure timely completion of individual tasks and group projects; notify leadership of any possible missed deadlines and impacts.
• Perform peer reviews to increase collaboration, ensure quality work, and drive innovation.
• Continue to develop business relationships across PC multi‑channel finance and begin developing relationships in other areas of finance to gain business acumen.
• Assist with onboarding and training new associates on standard work processes.
• Use data mining techniques to identify new relationships in data; gain understanding and ability to build models in different software packages and explore the use of new software packages; have basic knowledge of predictive modeling.
• May perform other responsibilities as assigned.

Preferred Skills and Experience

• Experience with Python or R.
• Typically 1–3 years of proven experience in P&C insurance with a focus on pricing.
• This position is open to students taking actuarial exams; the role provides support for exams including study time, materials, and exam fees.

Work Arrangements

• This role will be staffed at the F pay band and will sit in Columbus (OH) or Des Moines (IA). The role will have a hybrid work arrangement of at least two days per week in‑office and up to three days remotely.
• This role can be staffed in other locations for existing Nationwide associates already working in other locations.

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. As an Actuarial Specialist, you’ll gain a more thorough knowledge of our actuarial functions for our P&C products and will perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers. This position offers the opportunity to be a part of the P&C Actuarial Rotation Program, which may involve two or three rotations of two years each.

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, passes four or more actuarial exams and is actively enrolled in the Actuarial Student Program.

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

Knowledge, Abilities and Skills: General 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. Should have basic competencies including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability.

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

Benefits

Benefits include 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 prorated 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.

Equal Opportunity Employer Statement

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.

Compensation

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; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. The national salary range for Specialist, Actuarial - P&C is $88,000.00‑$164,000.00. The expected starting salary range for Specialist, Actuarial - P&C is $88,000.00 ‑ $132,000.00.