Senior Technical Director - Nationwide Financial Actuarial - Remote

About the role

This role is ideal for a leader who can combine leadership depth, business acumen, technical acumen, and change leadership to drive a broader actuarial technology strategy across data, tooling, and applications.

Responsibilities

• Works with various pricing teams to develop solutions that enhance returns and/or mitigate risk. Support may occur through a variety of means including building/running models, peer reviews, reasonable checks and various types of analysis. Assists with evaluation of a product design to inform business and risk management leadership of the expected profitability and most significant risks associated with new product concepts.
• Provides analysis and development of pricing guidelines, evaluation of profitability targets, risk measures, and other pricing metrics (such as capital usage). Coordinates Product Risk Committee (PRC) meetings, distributes minutes, and is highly involved in writing of decision memos, activity reports and other PRC-related communications. Updates Nationwide Financial Risk Committee on PRC-related activity.
• Plays an important role in educating and motivating cross-functional teams to develop innovative solutions to complex problems. Teams may consist of members from actuarial, finance, systems, legal, accounting policy, investments and/or other areas.
• Provides corporate review of reinsurance treaties via quarterly review of Risk Transfer Questionnaires. Performs various analysis (i.e. counter-party analysis) and acts as a central hub for reinsurance questions. May be involved with risk management leadership on innovative reinsurance concepts and redundant reserve transactions.
• Creates and administers various reports to assist senior management and ensure compliance with various guidelines. Examples include return on total capital report and default risk change analysis. Performs other ad hoc requests.

Requirements

• Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis.
• Achievement of Fellowship in the Society of Actuaries. Has membership in the Society of Actuaries and American Academy of Actuaries.
• At least eight years Actuarial experience and Actuarial Council approval.
• Demonstrates the highest level of technical actuarial expertise in life insurance product mechanics and embedded options, pricing models, life pricing assumptions, valuation and non-forfeiture laws.

Qualifications

• Leadership, influence and communication skills.
• An ability to bring to bear past actuarial experience to apply to new product concepts and requirements, such as Principles Based Reserves.

Skills

• Financial Services technology
• Financial modeling
• Data strategy
• Insurance or financial services technology
• Data platform modernization
• Snowflake, SQL, or Databricks environments
• Cross-functional partnership with IT
• Strategic planning, business model innovation, and operational excellence

Benefits

• Medical/dental/vision
• Life insurance
• Short and long term disability coverage
• Paid time off
• 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