Sr. Actuary Pension Risk Transfer Pricing

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* Job Summary:

** As a strategic leader within our team, the Pension Risk Transfer Pricing Senior Actuary will play a pivotal role in shaping objectives, achieving profitability targets, and refining the pricing process. This role involves conducting competitive market analysis, driving efficiencies, and fostering a positive team culture. The ideal candidate will have extensive experience as a PRT, ALM, or Investments Actuary, with a strong ability to influence internal stakeholders and contribute to the overall success of the organization.
* Thought leadership on the PRT Pricing team.
* Lead pricing initiatives for large and complex deals, partnering with OOI and ALM to develop custom pricing strategies and influence key stakeholders on a case-by-case basis.
* Contribute to pricing/product strategy and prioritizing initiatives, including exploration of improved investment strategies, new deal structures and utilizing reinsurance.
* Collaborate with the Office of Investments and ALM teams to optimize the investment strategy for new PRT business.
* Review Pension Risk Transfer (PRT) bids to ensure premiums accurately reflect reserves, capital, expected benefit payments, tax, investment strategy, earned rates, etc., using Axis and Excel-based tools.
* Propose demographic assumptions related to pension benefits included in each PRT deal, including mortality, mortality improvement, withdrawal rates, retirement rates, and disability incidence.
* Partner with business teams to develop responses to RFPs.
* Develop junior associates.
* Drive results and decision making with business partners and other internal stakeholders.
* Experience as a PRT, ALM, or Investments actuary
* Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
* Proficiency in Excel
* Ability to establish strategic direction
* Excellent problem-solving skills
* Excellent communication and presentation skills to influence internal stakeholders
* Ability to work collaboratively in a team environment
* Strong organizational and time management skills
* Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis.
* Constructs sophisticated testing tools and analyzes product calculations.
* Leads, provides expertise and builds strategies for pricing and implementation of products.
* Constructs, maintains and completes Actuarial, Projection & Valuation Models.
* Analyzes risks and reinsurance for lines of business.
* Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP and tax) for products.
* Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more.

To learn more about the benefits we offer,At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can
* feel* the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're , too, and let us know –
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