As a team member in the Finance and Internal Audit 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 and so much more. Let Nationwide help create your career journey!
This position can be staffed at the E-G bands. This position can be fully remote.
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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!
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As an Actuarial Specialist, you’ll gain a more thorough knowledge of our actuarial functions for our P&C products. You’ll also perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers.
Job Description
Key Responsibilities:
Continues to develop deeper knowledge of actuarial methodologies allowing the ability to source and manipulate more complex data within standard requirements.
Conducts analyses, that adheres to actuarial standards, by selecting appropriate data sources and making assumptions to develop recommendations. Will note and suggest potential resolution to any unreasonable results and report to leader
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.
Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines and possible impact.
Performs peer reviews to increase collaboration, ensure quality work and drive innovation
Continues to develop business relationships across PC multi-channel finance. Begin developing relationships in other areas of finance to gain business acumen
Assists with onboarding and training new associates on standard work processes.
Uses data mining techniques to identify new relationships in data. Gains understanding and the ability to build models in different software packages. Explores the use of new software packages. Has basic knowledge of predictive modeling
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Actuarial leader.
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis preferred.
License/Certification/Designation: Generally, has passed four or more actuarial exams and is actively enrolled into the Actuarial Development Program. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
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.
Staffing exceptions to the above must be approved by the hiring manager's leader and HR Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Exempt (Not Eligible)
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.
Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.