Actuarial Specialist - Property Implementation Key Responsibilities:- Collaborate with Regional Actuaries, Red Squadron, and Product teams to build, load, and test rates in Insbridge.
- Develop and test realignments to facilitate PIF rerating for testing purposes.
- Support the design and implementation of key pricing initiatives in tools/Insbridge, including Advanced Rate Stabilization deployment and the Rating Engine Replacement project.
- Utilize PL Pricing experience and familiarity with RIP/Insbridge to ensure accurate and effective rate filings.
- Leverage Property Pricing experience to enhance pricing strategies (preferred).
Work Arrangements:- Preferred work location is hybrid, with 2 days per week at one of our office locations in Columbus, OH, Des Moines, IA, or Scottsdale, AZ.
Job Description SummaryOur Property and Casualty (P&C) Actuarial team members have opportunities to use state-of-the-art tools, are encouraged to innovate and learn to master actuarial methodologies. If this sounds like a place you could thrive, then we want to know more about you!
As a Technical Consultant, you'll be an actuarial technical expert for planning, driving, communicating and executing projects that may impact multiple lines of business and/or administrative areas. Additionally, you will provide expertise, including consultation and recommendations, for ratemaking or reserving purposes.
Job DescriptionKey Responsibilities:
- Has in depth knowledge of actuarial methodologies the ability to source and manipulate complex data within standard requirements.
- Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing considerations and developing recommendations. Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment.
- Documents assumptions, methods, sources, and considerations in an organized fashion
- Prepares and presents actuarial support findings and documents that are suitable for technical and non-technical audiences at the Senior Actuarial leadership level. May professionally represent company's position with regulators, auditors, and external vendors
- Develops work plans and ensures accurate work product is delivered.
- Leads peer reviews to increase collaboration, ensure quality work and drive innovation.
- Maintains relationship with business customers as well as builds new relationships.
- Leads onboarding and training for new associates on standard work processes.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Actuarial leader
Typical Skills and Experiences:
Education: Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis
Experience: Generally, five years related experience in actuarial and statistical support role.
Knowledge, Abilities and Skills: 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. Should have basic competencies including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager's leader and HR Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Exempt (Not Eligible)
Working Conditions: Normal office environment.
BenefitsWe have an array of benefits to fit your needs, including: 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. To learn more about the benefits we offer, click here.
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.
The national salary range for Actuarial Technical Specialist, PC : $79,500.00-$148,500.00
The expected starting salary range for Actuarial Technical Specialist, PC : $79,500.00 - $119,500.00
