Senior Actuary (E&S Alternative Venture Pricing)

As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, and more.

At Nationwide®, "on your side" goes beyond just words. Our customers are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care.

Join the Alternative Ventures and Emerging Markets team on their journey to offer unique products to their clients in partnership with premier external partners. This position within the Alternative Risk space is working to develop an industry-leading alternative risk financing capability. You'll be supporting the underwriting team in building out a diverse portfolio of alternative products to offer to our clients.

Key responsibilities:

• Large account/structured deal pricing
  • Statistical analysis of tail risk/capital requirements
  • Work closely with finance and underwriting on deal vetting
• Collateral requirement analysis for large deductible policies or fronts
• Perform risk transfer analyses
• Manage relationship with external partners in collaboration with underwriting and finance
• Provide mentorship and coaching to a team of three direct reports

Typical Skills and Experience

• Education: Bachelor's degree in actuarial science, mathematics, statistics, business, or related field with a strong quantitative orientation.
• Certification: Associate in the Casualty Actuarial Society required; Fellowship preferred.
• Experience: Typically ten years in an actuarial function with prior leadership experience.
• Knowledge and Abilities:
  • Advanced knowledge of actuarial techniques and insurance operations.
  • Familiarity with relevant state and federal laws and regulations.
  • Outstanding people skills.
  • Effective group presentation skills.
  • Proficiency in data manipulation techniques (e.g., R, Python, SQL).
  • Familiarity with modeling software a plus (e.g. MetaRisk)
  • Familiarity with multiple P&C lines (e.g. Auto, GL, Property, WC, etc.)

This position will be staffed at the H5 internal pay band. This role can be staffed fully remote.

Our Property and Casualty (P&C) 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 be an expert and will provide leadership direction and oversight for the creation and performance of complex actuarial techniques and procedures and risk analysis.

You'll manage research and direct others to ensure efficient, consistent, and integrated data and analysis. We'll count on you to 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.

Key Responsibilities:

• Acts as technical expert of actuarial methodologies allowing the ability to source and manipulate data within standard requirements. Identifies new ways to utilize data driving overall strategic vision.
• Conducts complex analyses adhering to actuarial standards by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations.
• Accurately documents assumptions, methods, sources, and considerations in an organized fashion.
• Creates cohesive presentations and recommendations of actuarial findings that are suitable for technical and non-technical audiences.
• Responsible for strategic development and oversight of multiple work plans ensuring accurate and timely delivery of product.
• Strategic leader of peer review process. Responsible for driving collaboration cross-functionally, identifies gaps in process, recommends and implements changes as needed to ensure quality work.
• Builds strategic business relationships at all levels of the organization to drive solution delivery.
• Responsible for identifying skill gaps and developing training materials to develop associates' skills for future business needs.
• Advises on strategic data mining techniques used to identify new relationships in data.
• Consults and provides expert advice on new or enhanced product development opportunities.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader. Typical Skills and Experiences:

• Education: Undergraduate degree in actuarial science, mathematics, statistics, data science, or similar background requiring modeling, programming, or quantitative analysis preferred.
• License/Certification/Designation: Actuarial designation required, generally as an FCAS.
• Experience: Generally, eight or more years of actuarial experience.
• Knowledge, Abilities and Skills: Expert knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; expert knowledge of company operations, products, systems, and actuarial methodologies.

Values: Regularly and consistently demonstrates the Nationwide Values. Job Conditions:

• Overtime Eligibility: Exempt (Not Eligible)
• Working Conditions: Normal office environment.

Benefits:

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, nine paid holidays, 401(k) with company match, company-paid pension plan, and more.

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.