Senior Actuary, Annuities Valuation - REMOTE

Overview

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless. Nationwide helps create your career journey. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Nationwide Financial is seeking a talented and experienced Senior Actuary, Annuities Valuation to lead a small team within our Variable Annuity (VA) business. This is a fantastic opportunity to manage and contribute to a key product line within our organization.

• Management & Leadership: Lead and mentor a team of actuarial professionals, providing guidance and support in their day-to-day activities.
• Variable Annuity Expertise: Focus on our largest earning segment, the variable annuity line of business, including RILA products.
• Technical
  
  Skills:
  
  Utilize technical skills and actuarial expertise to contribute to valuation requirements, documentation, and reporting.

• Manage a small team of actuarial professionals.
• Oversee valuation calculations, including Principal Based Reserves, for variable and RILA annuities.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Collaborate with cross-functional teams to support business initiatives.

• FSA designation required.
• 6+ years of actuarial experience.
• Experience with annuity products or valuation.
• Management experience preferred.
• Strong technical skills.
• Strong communication and interpersonal skills.

• This role can be fully remote.
• This position will be staffed at the internal H5 pay band or lower depending on the qualifications of the candidate.

Job notes:
This position could be filled within any of the lower 48 U.S. states.

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. As a Senior Actuary, you’ll provide leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. You’ll handle research and direct others to ensure efficient, consistent and integrated data and analysis.

You’ll provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll work independently and may directly or indirectly lead others.

Key Responsibilities:

• 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 for technical and non-technical audiences at the OCFO leadership level.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader.

Typical Skills and Experiences:

• Education: Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis.
• License/Certification/Designation: FSA required.
• Experience:
  
  Typically, at least eight years of actuarial experience.
• Knowledge, Abilities and
  
  Skills:
  
  Actuarial functions, statistical methods, actuarial software, databases;
  Microsoft Office (including VBA), analytical software (e.g., Tableau), programming languages; strong communication and leadership skills.

Values and Compliance: Nationwide is an equal opportunity employer. Regularly demonstrates Nationwide Values. Staffing exceptions to above must be approved by the hiring manager’s leader and HRBP.

• This role is exempt (not eligible) for overtime.
• Normal office environment; some locations may be remote.

Note:

The posting may close earlier if a strong candidate slate is identified. We encourage early submissions. Benefits include medical/dental/vision, life insurance, disability coverage, paid time off, holidays, 401(k) with company match, and more. To learn more about benefits, .

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to an inclusive culture. We prohibit discrimination and harassment and provide equal opportunities regardless of protected characteristics.

This position could be filled within any of the lower 48 states. Smoking policy and state law notices may apply where applicable.