Note: The job is a remote job and is open to candidates in USA. Nationwide is a Fortune 100 company with nearly $70 billion in annual sales, seeking an Actuarial Consultant for their Life Modeling team. In this remote role, you will build and enhance actuarial models to support various functions such as valuation, pricing, and risk management while collaborating with internal stakeholders and taking on broader responsibilities over time.
Responsibilities
- Build, test, maintain, and enhance life insurance actuarial models used across key actuarial functions
- Support implementation of new products, model updates, and regulatory changes in partnership with pricing, valuation, data and technology, and other stakeholders
- Perform and review production runs and results, strengthen controls, explain unintuitive output, and help drive automation and process improvement
- Partner with internal actuarial customers on modeling needs tied to pricing, merger and acquisitions, exploring reserve solutions, or other strategic work
- Grow into larger, highly visible projects over time as you deepen your expertise and take on increasing responsibility
- Compiles, categorizes, and analyzes data
- Performs construction of testing tools and analysis of product calculations
- Constructs, maintains, and conducts Actuarial, Projection & Valuation Models
- Performs financial reporting and analysis
- Leads pricing and implementation of products
- Analyzes risks for lines of business
- Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products
- Performs reinsurance analysis and pricing
- Supports and may develop effective communication strategies and recommendations to leadership
- Leads peer reviews to increase collaboration, ensure quality work, and drive innovation
- Maintains relationship with business customers as well as builds new relationships
- Leads onboarding and training for new associates on standard work processes
Skills
- ASA required, actively pursuing the FSA designation
- 4+ years of actuarial experience with a strong foundation in life insurance
- Proven hands-on actuarial modeling experience, ideally in Milliman's MG-ALFA/Integrate, or Moody's GGY AXIS
- Ability to work directly in the model environment, not solely as a production user following documentation
- Strong problem-solving, communication, and partnership skills in a cross-functional setting
- Self-motivation and sound judgment to succeed in a remote role while knowing when to collaborate and escalate issues
- Undergraduate degree in actuarial science, mathematics, statistics, or similar background requiring modeling, programming, or quantitative analysis
- Generally, has attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA
- Typically, three to five years of actuarial experience
- Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases
- Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages
- Should have basic competencies including: command skills, strategic agility, delegation, motivating others, business perspective, and accounting
- Should have highly-developed competencies in: business understanding, problem solving, customer focus, dealing with ambiguity, drive for results, and learning ability
- Experience with life insurance modeling work and familiarity with current life insurance valuation regulations such as PBR and LDTI
- Exposure to life insurance products such as universal life, variable universal life, or hybrid/LTC-related products
- Candidates with both Milliman's MG-ALFA/Integrate and Moody's GGY AXIS experience will stand out in the market
Benefits
- 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
Company Overview
Company H1B Sponsorship