Sr. Actuarial Consultant – Life Insurance Valuation REMOTE

Build your expertise in life insurance valuation

Join our Life Insurance Valuation team as a Sr. Actuarial Consultant and apply your actuarial knowledge to our life insurance products. This role offers the opportunity to contribute to accurate, efficient, and compliant valuation processes while developing expertise in evolving regulatory standards, actuarial modeling, data analysis, and reporting.

You’ll work with experienced actuaries and cross-functional partners in Tax, Controllership, Pricing, and other business areas. Your contributions will help support monthly and quarterly valuation activities, strengthen processes, and advance the team’s modernized analytical environment.

What you’ll do

• Apply actuarial knowledge to life insurance valuation activities for life products.

• Support the implementation and analysis of evolving standards, including Long-Duration Targeted Improvements (LDTI) and Principle-Based Reserving (PBR).

• Prepare, analyze, and explain results for assigned monthly and quarterly valuation deliverables.

• Develop and enhance tools used to validate and analyze valuation results.

• Collaborate with Tax, Controllership, Pricing, and other stakeholders to support business objectives.

• Follow established process controls, documentation, and governance requirements.

• Assist with responses to auditor and regulator inquiries by providing accurate, well-supported analysis.

• Participate in cross-functional initiatives involving actuarial data, modeling, assumptions, product development, analytics, and reporting.

• Identify opportunities to improve valuation processes, tools, and reporting.

What you’ll bring

• ASA is required and work towards or achievement of the Fellow of the Society of Actuaries (FSA) preferred.

• Knowledge of actuarial business functions and life insurance valuation principles.

• Experience with life insurance products and Statutory or GAAP valuation preferred.

• Strong analytical, problem-solving, communication, and collaboration skills.

• Proficiency with Microsoft Office and analytical tools such as SQL, Tableau, or Power BI.

• Exposure to actuarial modeling software such as AXIS, ALFA, or PolySystems preferred.

• Programming experience in Python or VB.NET is a plus.

• Ability to learn quickly, manage assigned priorities, and communicate technical information clearly to business partners.

This role can be staffed fully remote.

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Job Description Summary

Job Description

Key Responsibilities:

• Compiles, categorizes, and analyzes sophisticated data sets.

• Builds complicated testing tools and conducts detailed analysis of product calculations.

• Constructs, maintains, and performs Actuarial, Projection, and Valuation Models.

• Builds financial reporting tools and completes analysis.

• Prices and implements products.

• Conducts complicated risk analysis.

• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.

• Performs reinsurance analysis and pricing.

• Crafts effective communication strategies and recommendations to leadership. Develops supporting documentation.

• Leads cross functional peer reviews to increase collaboration, ensure quality work, and drive innovation.

• Builds business relationships and leads cross functional communication with team members, customers, and business partners.

• Leads onboarding and training for new associates on standard work processes. Assists in creating new training materials.

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, or similar background requiring modeling, programming, or quantitative analysis.

License/Certification/Designation: Generally attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA or recently attained FSA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience:  Typically, four to seven years of actuarial experience.

Knowledge, Abilities and Skills:  Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Should have basic competencies including: command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Should have highly-developed competencies for: 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.

ADA:  The above statements cover what are generally believed to be principal and essential functions of this job.  Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties. 

Benefits

We 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.