Nationwide Columbus , OH 43216
If you're passionate about becoming a Nationwide associate and believe you have the potential to be something great, let's talk.
Number 54 on the Fortune Magazine 100 Best Places to Work.
JOB SUMMARY: Coordinates, prepares, and performs actuarial analyses to assist in the development of complex actuarial formulations leading to recommendations.
Provides consultation and clarification on actuarial models and risk issues. Maintains documentation of actuarial analysis, and may assist in preparing the actuarial portion of financial reports and tax returns, and responses to insurance regulators. Employee is adept with various actuarial techniques and procedures and performing actuarial tasks which are of a mathematical and quantitative nature.
In addition, associate is capable of working independently with general supervision. Will be proficiently performing and assisting in a variety of Actuarial tasks which may include: data compilation and analysis, illustrations, model development, financial reporting and analysis, pricing, risk and reinsurance analysis, reserving/valuation and other duties as assigned.
Reports to: Actuarial Manager, or other actuarial management.
Compiles, categorizes & analyzes data.
Leads in Illustrating/reproposals for products and testing illustration software.
Builds, maintains and runs Actuarial, Projection & Valuation Models.
Performs financial reporting & analysis.
Performs pricing of products.
Performs the analysis of risks for lines of business.
Establishes reserves, statutory, GAAP, and tax valuation for products.
Analyzes reinsurance opportunities
Performs other duties as assigned.
Education: Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.
Designations/Certifications: ASA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: At least four years of Actuarial experience and Actuarial Council approval.
Knowledge of actuarial business functions, statistical methods of analysis, company actuarial systems and databases, and their integration; technical facility with leading computer tools and technology. Knowledgeable of company operations, products, systems, and actuarial methodologies.
Skills/Competencies: Proficient in Microsoft Office products (including VBA within Access and Excel), programming languages and Actuarial models.
Basic level of command skills, strategic agility, delegation, motivating others, perpective, business perspective, and accounting. Proficient level of perspective, dealing with ambiguity, customer focus, drive for results, learning on the fly, and analysis. Mastery level of problem solving and leveraging system capabilities.
Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.
Staffing Exceptions to the above minimum job requirements must be approved by: Chief Actuary and AVP, Human Resources.
Overtime Eligibility: Not Eligible (exempt).
Working Conditions: Normal Office Environment
Credit Check: N/A
Safety Sensitive: N/A
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.
Additional Job Description
Job ID: 53188