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Nationwide · 19 hours ago

Actuary Specialist, Asset Modeling

United States

Full-time

Remote

Mid Level

3+ years exp

Nationwide is a leading insurance and financial services company that is looking for an Actuary Specialist in Asset Modeling. This critical role involves supporting asset modeling development and execution while providing technical expertise to modeling methodologies and mentoring team members.

BankingFinancial ServicesInsuranceLife Insurance

No H1B

Responsibilities

Support developing and enhancing asset data processes, enabling efficient modeling of those assets for production and ad-hoc analysis purposes

Support the asset modeling function, translating strategic priorities into operational reality; align communication, accountabilities, resource capabilities, and internal processes to ensure measurable and sustainable results

Support implementation of complex asset types (structured securities, hybrid securities), investment/reinvestment strategies, cash flow behaviors, and regulations in Moody’s AXIS and MG-ALFA

Execute QE asset model staging for production, for multiple lines of business

Drive asset modeling for annual asset adequacy tests (AAT)

Understands and assesses key needs and is responsible for developing the appropriate quantitative modeling solutions

Collaborates with departments across the organization or business functions to support strategic goals, objectives, and initiatives

Builds risk analytic solutions for business problems through collaborating, consulting and driving expectations

Collaborates with partners and teammates to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld

Crafts clear and concise summaries of findings and recommendations with support. Uses impactful storylines and data visualization geared to both technical and non-technical audiences

Develops, tests, implements and administers sophisticated quantitative modeling processes and tools

Evaluates and ranks quantitative solutions to business problems

Communicates the key benefits and limitations of sophisticated modeling tools for business applications

Works across teams to ensure governance of modeling tools are applied consistently

Qualification

Moody’s AXISMG-ALFAQuantitative analysisProgramming PythonProgramming RProgramming MATLABProgramming SQLMicrosoft ExcelBasic knowledge of machine learningBasic knowledge of stochastic processesBasic knowledge of Monte Carlo simulationsBasic knowledge of risk management operationsCommunication skills

Required

Adequate Moody's AXIS and/or MG-ALFA modeling skills with good understanding of asset modules, fund level assumptions, and reinvestment switches/options

Basic understanding of all investment asset types

Proficiency in at least one programming language for quantitative analysis (Python, R, MATLAB, SQL, etc.)

Proficient in Microsoft Excel

Strong communication skills; able to articulate complex modeling concepts to senior leaders

Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required

Preferred

3 years of relevant asset modeling experience

Working towards FSA Designation

Graduate-level studies in a related field with advanced degree highly desirable

Progress toward FCAS, FSA, CQF, CFA or similar preferred

Typically, three or more years of related work experience in financial risk modeling or actuarial functions

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

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