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As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, 'on your side' goes beyond just words. Our customers are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care. Nationwide Financial is seeking a talented and experienced Senior Actuary, Annuities Valuation to lead a small team within our Variable Annuity (VA) business. This is a fantastic opportunity to manage and contribute to a key product line within our organization.
Job Responsibility:
Lead and mentor a team of actuarial professionals
Oversee valuation calculations, including Principal Based Reserves, for variable and RILA annuities
Identify and implement process improvements to enhance efficiency and accuracy
Collaborate with cross-functional teams to support business initiatives
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
Requirements:
FSA designation required
6+ years of actuarial experience
Experience with annuity products or valuation
Strong technical skills
Strong communication and interpersonal skills
Undergraduate degree in actuarial science, mathematics, statistics or similar background
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
Nice to have:
Management experience preferred
What we offer:
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