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Nationwide · 3 days ago

Actuarial Specialist, Surety

Columbus, OH

Full-time

Hybrid

Mid Level

$88K/yr - $164K/yr

3+ years exp

Nationwide is a company dedicated to delivering extraordinary care to its customers. As an Actuarial Specialist, you will primarily focus on the surety line of business, conducting actuarial analyses, supporting portfolio management, and assisting with transactional pricing and loss rating.

BankingFinancial ServicesInsuranceLife Insurance

Responsibilities

Conduct actuarial analyses and support portfolio management

Use simulations to assess risk, develop assumptions, and improve models

Present findings to underwriters and other stakeholders

Develop business relationships across multi-channel finance

Assist with transactional pricing and loss rating

Engage in data analysis

Continues to develop deeper knowledge of actuarial methodologies, allowing the ability to source and manipulate more complex data within standard requirements

Conducts analyses that adhere to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations. Notes and suggests potential resolution to any unreasonable results and reports to leader

Accurately documents assumptions, methods, sources, and considerations in an organized fashion

Prepares and presents actuarial findings and documents that are suitable for technical and non-technical audiences

Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines and possible impact

Performs peer reviews to increase collaboration, ensure quality work, and drive innovation

Continues to develop business relationships across PC multi-channel finance. Begin developing relationships in other areas of finance to gain business acumen

Assists with onboarding and training new associates on standard work processes

Uses data mining techniques to identify new relationships in data. Gains understanding and the ability to build models in different software packages. Explores the use of new software packages. Has basic knowledge of predictive modeling

Qualification

Actuarial methodologiesData analysisMicrosoft ExcelMicrosoft PowerPointPythonRBusiness understandingCommunication skillsProblem solvingCustomer focusLearning ability

Required

Proficiency in actuarial methodologies and data analysis

Strong communication skills for presenting findings to technical and non-technical audiences

Experience with Microsoft Excel and PowerPoint

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

Generally has passed four or more actuarial exams and is actively enrolled into the Actuarial Student Program

Generally three or more years of actuarial experience

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

Proficient in Microsoft Office products, analytical software and programming languages

Basic competencies including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability

Preferred

Experience with Python or R

It is highly preferred that this role will work on a hybrid schedule, with 2 days per week at one of our office locations in Columbus, OH, Des Moines, IA, or Scottsdale, AZ

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