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Nationwide · 5 hours ago

Sr. Actuary Pension Risk Transfer Pricing

United States

Full-time

Remote

Senior Level, Lead/Staff

8+ years exp

Nationwide is a leading insurance and financial services company focused on delivering extraordinary care to its customers. The Pension Risk Transfer Pricing Senior Actuary will lead pricing initiatives, conduct market analysis, and influence key stakeholders to achieve profitability targets and refine pricing processes.

BankingFinancial ServicesInsuranceLife Insurance

No H1B

Responsibilities

Thought leadership on the PRT Pricing team

Lead pricing initiatives for large and complex deals, partnering with OOI and ALM to develop custom pricing strategies and influence key stakeholders on a case-by-case basis

Contribute to pricing/product strategy and prioritizing initiatives, including exploration of improved investment strategies, new deal structures and utilizing reinsurance

Collaborate with the Office of Investments and ALM teams to optimize the investment strategy for new PRT business

Review Pension Risk Transfer (PRT) bids to ensure premiums accurately reflect reserves, capital, expected benefit payments, tax, investment strategy, earned rates, etc., using Axis and Excel-based tools

Propose demographic assumptions related to pension benefits included in each PRT deal, including mortality, mortality improvement, withdrawal rates, retirement rates, and disability incidence

Partner with business teams to develop responses to RFPs

Develop junior associates

Drive results and decision making with business partners and other internal stakeholders

Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis

Constructs sophisticated testing tools and analyzes product calculations

Leads, provides expertise and builds strategies for pricing and implementation of products

Constructs, maintains and completes Actuarial, Projection & Valuation Models

Analyzes risks and reinsurance for lines of business

Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP and tax) for products

Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level

Qualification

PRT Actuary experienceFellow of the Society of ActuariesExcel proficiencyALM Actuary experienceInvestments Actuary experienceStrategic directionProblem-solving skillsCommunication skillsTeam collaborationOrganizational skillsTime management skills

Required

Experience as a PRT, ALM, or Investments actuary

Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)

Proficiency in Excel

Ability to establish strategic direction

Excellent problem-solving skills

Excellent communication and presentation skills to influence internal stakeholders

Ability to work collaboratively in a team environment

Strong organizational and time management skills

Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis

Typically, at least eight years of actuarial experience

Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases

Knowledge of company operations, products, systems and actuarial methodologies

Knowledge of industry and regulatory practices

Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages

Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting

Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning

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

Glassdoor3.9

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.

Founded in 1925

Columbus, Ohio, USA

10001+ employees