Sr. Actuary Pension Risk Transfer Pricing

Sr. Actuary Pension Risk Transfer Pricing

Location: On-site/Hybrid in Columbus, OH, or Remote

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.

This role does not qualify for employer‑sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

It is our intention to fill this role in Columbus, Ohio. However, we are willing to consider applications from internal candidates working remotely or external candidates who bring critical industry skills and relevant experience.

Internal Compensation Grade: H5

Our Nationwide Financial 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!

• 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.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader.

Undergraduate degree in actuarial science, mathematics, statistics or a similar background requiring modeling, programming, or quantitative analysis.

FSA required. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Typically, at least eight years of actuarial experience.

Experienced knowledge of actuarial…