Nationwide Sr Actuary, NF in Columbus, Ohio
This position’s primary responsibility will be to support the appointed actuary function. This includes asset adequacy testing, cash flow testing, and risk analysis. This position will have the opportunity to work with a broad range of products as this team has responsibility for all NF’s products and companies. This is also a great opportunity to get deep into existing and emerging regulatory requirements and statutory valuation.
This role may be filled atthe Actuary, Sr Consultant, or Consultant level based on experience.
JOB SUMMARY: May be involved in the following; the determination of pricing structure and premiums, the origination and evaluation of new product ideas, the analysis and interpretation of product line financials, testing reserve adequacy, cash flow analysis, investment strategy, risk and capital management analysis, and/or other NF actuarial science and research for a section or unit of a large subset of a major product group, business, or market segment. Regularly consults senior management on actuarial, mathematical, or risk management techniques in determining the appropriate courses of action. May oversee NF actuarial projects. Will be a a master/expert performing and assisting in a variety of Actuarial tasks which may include: data compilation and analysis, illustrations, model development, financial reporting and analysis, pricing, risk and reinsurance analysis, reserving/valuation and other duties as assigned.LOCATION: Nationwide FinancialRELATIONSHIP: Reports to Actuarial Leader, or other actuarial management.DIRECT REPORTS: May direct and train lower level actuarial/students.JOB RESPONSIBILITIES:1. Compiles, categorizes & analyzes data.2. Leads in Illustrating/reproposals for products and testing illustration software.3. Builds, maintains, runs, and analyzes actuarial Models, using expert knowledge of actuarial projection and/or valuation models such that the models can be optimized to support multiple applications.4. Performs financial reporting & analysis.5. Performs pricing of products.6. Performs the analysis of risks for lines of business.7. Establishes and understands reserves using in-depth knowledge and application of statutory, GAAP, and tax valuation standards for products.8. Analyzes reinsurance opportunities and recommends solutions.9. 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/Certifications: Achievement of Fellowship in the Society of Actuaries. Membership in the Society of Actuaries and American Academy of Actuaries. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.Experience: At least eight years of Actuarial experience and Actuarial Council approval.Knowledge: In-depth knowledge of actuarial business functions, statistical methods of analysis, company actuarial systems and databases, and their integration; technical facility with leading computer tools and technology; In-depth knowledge of actuarial viewpoint in a wide variety of actuarial subjects, and in Company, Industry, and Regulatory practices. In-depth knowledge of company operations, products, systems and actuarial methodologies.Skills/Competencies: Master/Expert in Microsoft Office products (including VBA within Access and Excel), programming languages and Actuarial models. Basic level of organizational agility, conflict management, command skills, strategic agility, and motivating others. Proficient level of delegation and accounting. Mastery level of perspective, problem solving, dealing with ambiguity, customer focus, drive for results, learning on the fly, analysis, business perspective, and leveraging system capabilities.Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.Staffing Exceptions to the above minimum job requirements must be approved by: Chief Actuary and VP, Human Resources.JOB CONDITIONS:Overtime Eligibility: Not Eligible (exempt).Working Conditions: Normal Office EnvironmentCredit Check: N/ASafety Sensitive: N/AADA: 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: Evaluated 9/22/08 DLRJob Function Family: ACT/LIFE
Job ID: 52273