Responsibilities will include, but are not limited to:

• Execute annuity rate setting for general account products.
• Execute new business profitability analysis.                   
• Develop visualization of profitability results and communicate to management and CFO.
• Develop visualizations for in force performance metrics such as policyholder behavior, product feature utilization, and sales demographics.
• Support advancement of in force profitability measurement.             
• Support Modernization of rate setting and profitability processes; automating execution, developing controls, and increasing speed of execution.
• Support infrastructure development for rate setting and profitability analysis for new products. 
• Execute special projects as needed. 

Experience with AXIS or other modelling software highly preferred. SQL experience required.

This position can be staffed at the G or F bands.

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Job Description Summary

Our Nationwide Financial 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 Nationwide Financial (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

Key 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.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial 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 DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

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

Knowledge, Abilities and Skills: Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Should have basic competencies including: command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Should have highly-developed competencies in: business understanding, problem solving, customer focus, dealing with ambiguity, drive for results, and learning ability.

Other criteria, including leadership skills, proficiencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources 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.