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: The position provides quantitative support in product development, financial analysis, management reporting, and other actuarial and financial research, applying advanced statistical concepts and computer tools. Extracts and integrates data from various sources to analyze and develop reports and spreadsheets. Continues to learn various actuarial techniques and procedures which are of a mathematical and quantitative nature. Will have a basic level of understanding and assisting within 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: Financial Director
DIRECT REPORTS: No Direct Reports
Assists and supports the compilation and categorization of data.
Assists and supports the illustration of products.
Assists and supports the building, maintainance and running of Actuarial Models.
Assists and supports financial reporting and analysis.
Assists and supports the pricing of products.
Assists and supports the analysis of risks for lines of business.
Assists and supports the establishment of reserves and/or statutory, GAAP, & tax valuation for products.
Assists and supports the analysis of reinsurance opportunities.
Performs other duties as assigned.
Education: Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.
Experience: At least three years actuarial or related experience.
Possesses knowledge of insurance products, accounting principles, databases, and programming. Familiar with company operations, products, systems and actuarial methodologies.
Basic understanding of Microsoft Office products (including VBA within Access and Excel) programming languages, and likely Actuarial models. Basic level of perpective, customer focus, dealing with ambiguity, drive for results, business perspective and analysis. Proficient level of problem solving, learning on the fly, 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 Human Resources Consultant/Manager.
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
IPS Annuity Actuarial is seeking a strong individual contributor to support product implementation for variable, fixed deferred and fixed income annuities. Implementation duties include creating product specifications for new products and enhancements to existing products, creating testing tools in Excel or other calculation engines, and providing feedback for test plans. The contractor will provide support for a variety of internal administration and illustration systems. There will be opportunities to convert Microsoft process to SQL procedures.
This role will also involve maintenance duties comprising 15%-20% of the associate's time. These duties will enhance the associate's understanding of annuity products and features. Some examples of these maintenance duties include providing/supporting actuarial data feeds, inforce illustrations, and ad hoc questions on annuity calculations. The associate will assist in the analysis and resolution of system defects impacting actuarial calculations.
The following skills are most relevant for this position
Basic understanding of variable and fixed annuities
Grasp of interest theory
Expertise with MS Excel and Access, VBA and SQL
The following competencies are most relevant for this position:
Skilled in managing multiple projects/tasks simultaneously
Ability to work collaboratively as part of a high performing team
Education and influence of others
Analysis and problem-solving skills
Oral and written communications
Job ID: 52315