Nationwide · 2 days ago
Actuarial Sr. Director – Financial Experience Analysis and Assumption Setting
Columbus, OH
Full-time
Remote
Director/Executive
$143K/yr - $239K/yr
8+ years exp
Maximize your interview chancesBankingFinancial Services
Insider Connection @Nationwide
Get 3x more responses when you reach out via email instead of LinkedIn.
Responsibilities
Building, maintaining, and adjusting policyholder behavior assumptions for Individual Annuity, Individual Life, PRT, Group Annuity, and Group Life products
Collecting, structuring, and analyzing data that can inform policyholder behavior assumptions
Building and maintaining predictive models for key assumptions
Embracing advanced analytics techniques where appropriate, partnering with other advanced analytics professionals to drive standards of practice where applicable
Communicating complex assumptions/topics to executive leadership
Driving decision making process on assumptions
Builds models and assumptions to evaluate the pricing metrics of a product design to advise business and risk management leadership of the expected profitability and most significant risks associated with new product concepts
Demonstrates expert knowledge of pricing assumption-setting, model building, actuarial analysis, product mechanics and embedded policy owner options, valuation and non-forfeiture law
Works with business leadership to craft innovative concepts and product designs to meet customer needs, while at the same time figuring out how the new concepts and products provide adequate risk adjusted return on capital and meet regulatory constraints
Evaluates, updates and maintains models and assumptions as experience emerges to manage risk and periodically resolve capital use and expected return on capital
Advises and informs business and risk management leadership of recommended product or process changes to support profitable growth and capital strength
Educates and motivates the cross-functional team to deliver results
Communicates and influences to gain top-down support as well as approval
Builds materials to support the state and interstate compact approval, implementation and administration of new products, including filing demonstrations and actuarial specifications
Hires and develop talent, provides consistent coaching and feedback
Qualification
Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.
Required
Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis.
At least eight years of actuarial experience and/or advanced analytics experience.
Demonstrated knowledge of data management.
Ability to use past actuarial experience to apply to new product concepts and requirements, such as Principles Based Reserves.
Leadership, influence and communication skills.
Preferred
Fellowship in the Society of Actuaries.
Membership in the Society of Actuaries and American Academy of Actuaries.
Experience with Advanced Data Analytics.
Experience leading transformational change in a matrixed environment.
Experience with statistical models, predictive models, data structuring, and knowledge of financial services product mechanics (annuity, life insurance, PRT, etc.).
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
And more
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
