Nationwide Sr Actuary, Specialty Ins (Pet Health, Pricing) in Brea, California

If you’re passionate about becoming a Nationwide associate and believe you have the potential to be something great, let’s talk.

Number 54 on the Fortune Magazine 100 Best Places to Work.

Nationwide Pet is seeking an experienced, innovative healthcare actuary for our expanding office in Brea, California. Successful candidates will have a demonstrated ability to lead projects and teams to build actuarial models, processes, and workflows.

Job specifics and designation and experience requirements are below. This position will initially have a specific emphasis on innovation, working with the existing Actuarial team to build out a modern healthcare analytics foundation.

This role will report to the Associate Vice President of Excess and Surplus Consumer Pricing.


JOB SUMMARY: Responsible for the pricing and profitability of either the Program Products (College Accident and Health, Stop Loss, International Travel Medical, Trip Cancellation, Limited Medical, Mini-Medical, Sports & Leisure) or the WorkPlace products (Life, AD&D, Dental, Short term Disability, Long Term Disability, Vision). Responsible for a wide variety of actuarial assignments in compliance with the Society of Actuaries Standards of Practice. Develops the basis for, and analyzes advanced actuarial studies for health or group insurance. Leads projects and mentors actuarial staff. Drafts and files policy forms and rate manuals.

Job Description

RELATIONSHIP: Reports to Actuarial Director, or other actuarial management. May direct and train lower level actuarial/students.

JOB RESPONSIBILITIES:

  1. Develops the basis for and analyzes advanced actuarial studies for health or group insurance (e.g. morbidity, mortality, lapses, expenses, financial results, selection, secular trends, claims utilization, cost factors and reserve adequacy) to determine premiums, rates, coverages, reserves, dividends, policy values, financial statement liabilities.

  2. Retrieves and manipulates data; accountable for suitability and accuracy of data.

  3. Works in conjunction with other departments in response to changing market conditions and net market opportunities.

  4. Drafts and files policy forms and rate manuals. Partners with compliance team in state filings.

  5. Prepares actuarial sections of the Annual Statements and interprets current experience and trends for operating departments.

  6. Leads special projects. Acts as mentor to actuarial staff; partners with Actuarial Director to develop actuarial skills in students and staff.

  7. Continues to develop knowledge of advanced actuarial methodologies. Evaluates alternative methods for use; develops methods to deal with new situations.

  8. Provides consultation of data to various audiences; able to communicate technical data to audiences with various levels of understanding.

  9. Responsibilities are accomplished and executed with limited supervision.

  10. Performs other duties as assigned.

JOB REQUIREMENTS:

Education: Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.

Designations: Generally FSA required (exceptions may be made for ASAs with significant experience and significant responsibility). Keeps current with continuing education requirements and changing actuarial methodologies.

Experience: Eight years actuarial work experience with two years in a managerial role strongly desired.

Knowledge: Knowledge of advanced mathematics and statistical concepts. Sound knowledge of actuarial methods/concepts, insurance terminology and products; familiarity with legal requirements for product. Must display command of procedures and methodologies employed in area of assignment.

Skills/Competencies: Demonstrated work product accuracy. Effective oral/written communication skills; Demonstrated ability to comprehend actuarial concepts and other advanced statistical concepts; Demonstrated ability to think logically and perform actuarial methods in a timely manner. Ability to effectively operate personal computer and related spreadsheets and data base software. Leadership ability when functioning in a management role. Ability to develop, motivate and influence others.

Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.

Staffing Exceptions to the above minimum job requirements must be approved by: NSI Executive and Human Resources

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.

Job Evaluation Activity: Edited November 2011 CAH

Additional Job Description

Compensation Grade: H3

#actuarial

Job ID: 54271

#actuarial