Actuarial Associate - Annuity Inforce Management

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.
• May perform other responsibilities as assigned.
• Reporting Relationships: Reports to an Actuarial, Analytics, or Risk Management leader.
• Typical Skills and Experiences:
• Education: Undergraduate degree in actuarial science, mathematics, statistics, or similar background requiring modeling, programming, or quantitative analysis.
• License/Certification/Designation: Generally, has attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL

Requirements

• Associate of the Society of Actuaries (ASA)
• Proficient in Excel
• Proficient in SQL
• AXIS modeling experience a plus
• Programming experience a plus; particularly Python, R, VB.net, and C#
• Tableau and Power BI experience a plus
• Strong analytical skills
• Ability to communicate to non-technical audiences
• This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.
• It is our intention to fill this role in Columbus, OH. However, applications from candidates working remotely who bring critical industry skills and relevant experience may be considered.
• #LI-KD1
• 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. If this sounds like a place you could thrive, then we want to know more about you!
• As an Actuarial Consultant, you'll need to be adept at actuarial functions and know NF products to perform sophisticated, quantitative actuarial analyses. In addition, we'll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues.
• Job Description

Benefits

Additional Information

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! 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. Actuarial Consultant - Annuity Inforce Management Nationwide Financial is seeking a highly technical Actuarial Consultant to join our Annuity Inforce Management team. This role is ideal for an experienced actuary who brings annuity product experience and enjoys a business-facing role. This is an opportunity to support the long-term management of Nationwide's annuity products in a role that combines hands-on actuarial work with business-facing partnership. The person in this role will help build out our reporting capabilities and continue to modernize our rate setting infrastructure. Key Responsibilities Include: Execute annuity rate setting for Fixed, Indexed, RILA, SPIA, and VA general account products. Collaborate with Business Development partners to effectively balance competitiveness and profitability. Execute new business profitability analysis on a quarterly basis. Develop visualization of profitability results and communicate to management and CFO. Develop visualizations for inforce performance metrics such as policyholder behavior, product feature utilization, and sales demographics. Support advancement of inforce profitability measurement. Support Modernization of rate setting and profitability processes; automating execution, developing controls, and increasing speed of execution. Ensure adherence to regulatory standards for managing non-guaranteed elements. Support infrastructure development for rate setting and profitability analysis for new products. Execute special projects as needed.

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