Sr Actuary, Annuity Inforce Management (Remote)
As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, you’ll find endless opportunities to shape your career journey. At Nationwide®, “on your side” is more than words—our customers are at the center of everything we do, and we seek associates passionate about delivering extraordinary care.
We are seeking a technical Sr. Actuary to lead our Annuity Inforce Management team. This role is ideal for an experienced actuary with annuity product expertise who thrives in a business-facing capacity. You’ll support the long-term management of Nationwide’s annuity products, including projects that influence lapse behavior and inforce Asset Liability Management. Ratesetting responsibilities span Nationwide's broad family of products: Fixed Indexed Annuities, Book Fixed Annuities, Single Premium Immediate Annuities, and Registered Indexed Linked Annuities. As we expand our crediting strategies and indices, you’ll help build the next iteration of our homegrown ratesetting application, transitioning from .Net to Python.
Responsibilities
- Provide strategic direction and knowledge for the compilation, categorization, and analysis of data and financial reporting.
- Construct sophisticated testing tools and analyze product calculations.
- Lead, provide expertise, and build strategies for pricing and implementation of products.
- Construct, maintain, and complete Actuarial, Projection & Valuation Models.
- Analyze risks and reinsurance for lines of business.
- Establish reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
- Build cohesive presentations, communication strategies, and recommendations of actuarial findings suitable for technical and non-technical audiences at the OCFO leadership level.
- May perform other responsibilities as assigned.
Requirements
- Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or another quantitative field.
- FSA credential required.
- Strong technical, analytical, and communication skills, with the ability to balance detailed actuarial analysis, business judgment, and leadership in a changing environment.
- This role does not qualify for employer-sponsored work authorization; Nationwide does not participate in the STEM OPT extension program.
- Position can be staffed remotely for applicants with critical industry skills and relevant experience.
Qualifications
- Undergraduate degree in actuarial science, mathematics, statistics, or a similar background requiring modeling, programming, or quantitative analysis.
- FSA certification.
- 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 in organizational agility, influencing skills, strategic agility, inspiring others, business perspective, and accounting.
- Mastery in perspective, problem-solving, customer focus, dealing with ambiguity, drive for results, analysis, and learning.
- Leadership skills, capabilities, and experiences may take precedence over other criteria.
Benefits
- Medical, dental, and vision insurance.
- Life insurance, short- and long-term disability coverage.
- Paid time off: minimum of 18 days per full calendar year (pro-rated quarterly based on hire date).
- Nine paid holidays.
- 8 hours of Lifetime paid time off and 8 hours of Unity Day paid time off.
- 401(k) with company match.
- Company-paid pension plan.
- Business casual attire.
Pay
The national salary range for this role is $149,000.00–$262,000.00. The expected starting salary range is $149,000.00–$223,000.00. Placement within the range will be determined by skills, education, training, credentials, experience, scope, complexity, location, and other conditions of employment. Sales incentives may be available based on performance goals.
For part-time roles, compensation may be prorated based on hours worked relative to a full-time schedule.