AVP, Actuary - Group and Pet

Position: AVP, Actuary - Group Benefits and Pet
## AVP, Actuary
- Group Benefits and Pet Apply locations:
Ohio
- Columbus, One Nationwide Plaza:
United States
- Remote time type:
Full time posted on:
Posted Todayjob requisition :
099408

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.#LI-SJ1
** Job Description Summary
** 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!
As the AVP, you’ll be responsible for the calculation of reserves, DAC/VOBA, and other actuarial values for statutory, GAAP, and tax accounting for Group Benefits products while overseeing the validation of actuarial systems and processes that are used to calculate these values. You’ll monitor emerging regulations and accounting rules from governing bodies, influence their final form through regulators and industry groups, and apply thought leadership on application of new rules as they occur.
****** Job Description
*******
* Key Responsibilities:

*** Validate calculation of actuarial values and their underlying modeling systems and processes for fixed, indexed, variable, registered-indexed, in-plan, and immediate annuities as well as pension risk transfer business.
* Work with vendors and consultants as required to ensure systems and accounting methods are properly calculating actuarial values.
* Assist in the forecasting of future financial impacts and/or the impact of changes in assumptions and communicate with Finance stakeholders.
* Monitor regulatory activities pertaining to valuation through participation in industry work groups, conferences, business contacts and other means.
* Influence the direction of future accounting rules where possible. Measure the financial impact of proposed changes and communicate to management.
* Communicate directly with regulators as needed through written communications and face-to-face meetings where necessary. Provide thought leadership on implementation of regulation internally.
* Performs financial reporting controls and oversee the control performance of the team. Work closely with internal and external auditors, Nationwide Financial (NF) controllership, and others in the performance of accounting and model governance.
* Provide thought leadership on appropriateness of assumption for valuation purposes.  Support the measurement of financial risks and risk management strategy arising from actuarial assumptions, models, and the underlying risks of Group Benefits products.
* Assists in the assessment and implementation of reinsurance solutions. Advises and supports capital management as necessary.
* Support talent recruiting and development for the Actuarial job family. Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and disciplinary actions for direct and possibly indirect reports.

May perform other responsibilities as assigned.
** Reporting Relationships:
** Reports to VP or President.
** Typical Skills and Experiences:
***
* Education:

** BS or higher degree in Mathematics, Actuarial Science, or related technical fields.
** License/Certification/Designation**: FSA and MAAA designations preferred.
** Experience**: 10 or more years of actuarial related experience is preferred.
** Knowledge, Abilities and Skills**:
Extensive experience with actuarial modeling and accounting software such as Polysystems, ALFA, GGY AXIS, or similar is required.

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

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.
** Values:
** Regularly and consistently…