Nationwide · 3 days ago
AVP, Financial Services Actuary – Corporate Development
United States - Remote
Full-time
Remote
Senior Level, Lead/Staff
10+ years exp
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Responsibilities
Own actuarial efforts around mergers & acquisitions, reinsurance strategies, risk management efforts, and generally manage reserve and capital optimization.
Lead the actuarial function for corporate development projects, including due diligence, valuation, and post-merger integration. Direct transactions in the areas of pricing, deal structuring, reserve calculations and adequacy, determination of appropriate assumptions, appropriateness of existing models, and actuarial appraisals.
Conduct thorough risk assessments and provide expert actuarial input to guide decisions.
Lead the development of financial models and forecasts to evaluate corporate development projects, ensuring alignment with the company’s strategic goals.
Partner with finance, legal, and corporate development teams to determine capital requirements, profitability, and overall business risk implications of initiatives.
Present actuarial findings and recommendations to the executive leadership team, board members, and external stakeholders.
Encourage proactive problem-solving and collaboration across diverse stakeholder groups, ensuring alignment with strategic goals.
Stay updated on industry trends, regulatory changes, and emerging risks in the insurance/financial services sector that may affect corporate development.
Manage relationships with external consultants, advisors, and actuarial firms involved in merger & acquisition activities and reinsurance, among other topical approaches to managing reserves & capital.
Drive and manage change initiatives within the actuarial team, ensuring seamless transitions, effective communication, and robust support for team members adapting to new processes and market conditions.
Mentor and lead a team of actuaries, fostering a high-performance culture. Accountable for the talent management process including oversight of recruiting, performance management, diversity and inclusion, development and training.
Qualification
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Required
Undergraduate degree in Actuarial Science or Mathematics.
Fellowship credentialed actuary (Fellow of the Society of Actuaries (FSA) or equivalent designation) required.
Typically, 10 or more years of actuarial experience, with a focus on corporate development and M&A in financial services industry, insurance sector or investment banking.
Proven track record in leading complex actuarial analyses for M&A or similar corporate development initiatives.
Strong knowledge of financial modeling, valuation techniques, and risk management.
Extensive knowledge and experience in annuity, life insurance, and health products.
Exceptional communication and presentation skills, with the ability to influence senior executives and stakeholders.
Proven ability to think strategically and bring creativity to complex problem solving.
Ability to work effectively in a fast-paced, dynamic environment.
Expertise in insurance industry regulations, capital modeling, and financial reporting standards (e.g., IFRS, GAAP).
Strategic thinker with strong analytical and problem-solving abilities.
Preferred
Reinsurance experience preferred.
Experience managing and developing actuarial teams is preferred.
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
Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.
10,001+ employees
Funding
Current Stage
Late StageLeadership Team
Jim Fowler
Chief Technology Officer
Ramon Jones
Executive Vice President and Chief Marketing Officer
Recent News
2024-11-08
Google Patent
2024-11-08
EIN Presswire
2024-11-01
Company data provided by crunchbase
