Actuarial Specialist - Personal Lines PricingRole Overview: Perform complex mathematical and quantitative analyses for P&C products, participate in rotation program, and develop actuarial methodologies.
General Actuarial Support:- Develop business relationships across multi-channel finance.
- Assist with transactional pricing and loss rating.
- Engage in data analysis.
Must-Have Skills:- 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.
Key responsibilities of the role will include:- Generating actuarial pricing analysis alongside Pricing leadership in support of state and line level business decisions. As part of this you will be involved in analysis regarding different rate and non-rate strategies that can be applied for these books of business to manage profitability.
Preferred Skills and Experience:- Experience with Python or R
- Typically, 1-3 years of proven experience in P&C insurance with a focus on pricing.
- This position is open to students that are taking actuarial exams. The role will provide support for exams including study time, materials, and exam fees.
Work Arrangements:- This role will be staffed at the F pay band and will sit in Columbus (OH) or Des Moines (IA). This role will have a hybrid work arrangement of at least two days per week in-office and up to three remotely.
- This role can be staffed in other locations for existing Nationwide associates that are already working in other locations.
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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 an Actuarial Specialist, you'll gain a more thorough knowledge of our actuarial functions for our P&C products. You'll also perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers.
This position has the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.
Job DescriptionKey Responsibilities:- 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.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to an Actuarial, Analytics, or Risk Management leader.
Typical Skills and Experiences: Education: Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis.
License/Certification/Designation: Generally, has passed four or more actuarial exams and is actively enrolled into the Actuarial Student Program. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL STUDENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: Generally, three or more years of actuarial experience.
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 Nationwide Values.
Job Conditions: Overtime Eligibility: Not Eligible (Exempt)
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 Specialist, Actuarial - P&C : $88,000.00-$164,000.00
The expected starting salary range for Specialist, Actuarial - P&C : $88,000.00 - $132,000.00
