Nationwide Financial
Senior Actuary - Protected Retirement Product Development & Pricing Actuary
Nationwide Financial, Columbus, Ohio, United States, 43224
Senior Actuary - Protected Retirement Product Development & Pricing Actuary
Join to apply for the
Senior Actuary - Protected Retirement Product Development & Pricing Actuary
role at
Nationwide Financial Senior Actuary - Protected Retirement Product Development & Pricing Actuary
6 days ago Be among the first 25 applicants Join to apply for the
Senior Actuary - Protected Retirement Product Development & Pricing Actuary
role at
Nationwide Financial Direct message the job poster from Nationwide Financial Recruiting Consultant at Nationwide supporting Group Benefits (Stop Loss)
Nationwide Financial is seeking a
Product Development & Pricing Actuary
to join a dynamic, cross-functional team focused on delivering innovative lifetime income solutions within defined contribution (DC) plans. This is a unique opportunity to be an early contributor to a rapidly growing product line centered around
group annuity solutions
designed to provide guaranteed lifetime income. This Protected Retirement Product Development and Pricing role is involved in product development efforts from inception through launch and performs activities necessary to find the optimal balance between profitability and competitiveness while limiting downside risk and ensuring compliance with state and federal regulations. Key elements of this role include product innovation, product design, analyzing and developing pricing assumptions, building models, evaluating base product and embedded policyowner options, writing specifications for administrative systems, presenting products for approval to a formal risk committee, and filing actuarial demonstrations with state and federal regulatory bodies. Given anticipated growth, leadership potential is desired. Key duties associated with this position include: Working creatively and collaboratively with other functional areas to develop solutions for customers Assisting in the development of actuarial pricing assumptions; mortality, lapse, expense, distribution, etc. Building and modifying AXIS pricing models Evaluating/analyzing pricing results including sensitivity tests and stochastic economic scenarios, embedded policy owner options and tail risk analysis Reviewing competitive intelligence to support product design efforts, charge structure Assisting with State and Federal Regulatory filings Helping prepare Product Risk Committee and Senior Management product communications Team lead for two or three associates Skills required: Self motivated/Self Starter - Ability to take ownership of projects and drive them to completion Strong analysis and problem-solving skills AXIS experience is a plus Oral and written communication skills Ability to work in a team environment 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. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION. Experience:
Typically, at least eight years of actuarial experience. Knowledge, Abilities and Skills:
Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. Knowledge of industry and regulatory practices is vital. Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning. Other criteria, including leadership skills, capabilities and experiences may take precedence. Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources Business Partner. Values:
Regularly and consistently demonstrates the Nationwide Values. Job Conditions: Working Conditions:
Normal office environment. ADA:
The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties. 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, click here. Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law. This position could be filled within any of the lower 48 U.S. states. #actuarial Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247. For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf NOTE TO EMPLOYMENT AGENCIES: We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means. Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. The national salary range for Sr Actuary, NF : $134,000.00-$259,000.00 The expected starting salary range for Sr Actuary, NF : $145,000.00 - $219,000.00 Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Analyst and Finance Referrals increase your chances of interviewing at Nationwide Financial by 2x Sign in to set job alerts for “Senior Actuary” roles.
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Join to apply for the
Senior Actuary - Protected Retirement Product Development & Pricing Actuary
role at
Nationwide Financial Senior Actuary - Protected Retirement Product Development & Pricing Actuary
6 days ago Be among the first 25 applicants Join to apply for the
Senior Actuary - Protected Retirement Product Development & Pricing Actuary
role at
Nationwide Financial Direct message the job poster from Nationwide Financial Recruiting Consultant at Nationwide supporting Group Benefits (Stop Loss)
Nationwide Financial is seeking a
Product Development & Pricing Actuary
to join a dynamic, cross-functional team focused on delivering innovative lifetime income solutions within defined contribution (DC) plans. This is a unique opportunity to be an early contributor to a rapidly growing product line centered around
group annuity solutions
designed to provide guaranteed lifetime income. This Protected Retirement Product Development and Pricing role is involved in product development efforts from inception through launch and performs activities necessary to find the optimal balance between profitability and competitiveness while limiting downside risk and ensuring compliance with state and federal regulations. Key elements of this role include product innovation, product design, analyzing and developing pricing assumptions, building models, evaluating base product and embedded policyowner options, writing specifications for administrative systems, presenting products for approval to a formal risk committee, and filing actuarial demonstrations with state and federal regulatory bodies. Given anticipated growth, leadership potential is desired. Key duties associated with this position include: Working creatively and collaboratively with other functional areas to develop solutions for customers Assisting in the development of actuarial pricing assumptions; mortality, lapse, expense, distribution, etc. Building and modifying AXIS pricing models Evaluating/analyzing pricing results including sensitivity tests and stochastic economic scenarios, embedded policy owner options and tail risk analysis Reviewing competitive intelligence to support product design efforts, charge structure Assisting with State and Federal Regulatory filings Helping prepare Product Risk Committee and Senior Management product communications Team lead for two or three associates Skills required: Self motivated/Self Starter - Ability to take ownership of projects and drive them to completion Strong analysis and problem-solving skills AXIS experience is a plus Oral and written communication skills Ability to work in a team environment 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. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION. Experience:
Typically, at least eight years of actuarial experience. Knowledge, Abilities and Skills:
Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. Knowledge of industry and regulatory practices is vital. Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning. Other criteria, including leadership skills, capabilities and experiences may take precedence. Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources Business Partner. Values:
Regularly and consistently demonstrates the Nationwide Values. Job Conditions: Working Conditions:
Normal office environment. ADA:
The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties. 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, click here. Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law. This position could be filled within any of the lower 48 U.S. states. #actuarial Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247. For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf NOTE TO EMPLOYMENT AGENCIES: We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means. Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. The national salary range for Sr Actuary, NF : $134,000.00-$259,000.00 The expected starting salary range for Sr Actuary, NF : $145,000.00 - $219,000.00 Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Analyst and Finance Referrals increase your chances of interviewing at Nationwide Financial by 2x Sign in to set job alerts for “Senior Actuary” roles.
Columbus, OH $150,000.00-$200,000.00 2 weeks ago Actuarial Consultant – General Liability Pricing - REMOTE
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Predictive Modeler – P&C Commercial Actuarial Consultant - REMOTE
Actuarial Technology And Optimization Management (ATOM) - Financial Consultant - REMOTE
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Sr. Actuary Annuities Valuation - Remote
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Consultant, Program Underwriting - Alternative Ventures (Middle Market to Large Commercial Casualty Referrals)
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We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr