[Hiring] Senior Actuary, Protected Retirement Product Development & Pricing @Nationwide

Role Description

Nationwide Financial is seeking a Sr Actuary, Product Development & Pricing to join a dynamic, cross-functional team focused on delivering innovative lifetime income solutions within defined contribution (DC) plans. This is a unique opportunity to be an early contributor to a rapidly growing product line centered around group annuity solutions designed to provide guaranteed lifetime income.

This Protected Retirement Product Development and Pricing role is involved in product development efforts from inception through launch and performs activities necessary to find the optimal balance between profitability and competitiveness while limiting downside risk and ensuring compliance with state and federal regulations.

• Working creatively and collaboratively with other functional areas to develop solutions for customers
• Assisting in the development of actuarial pricing assumptions; mortality, lapse, expense, distribution, etc.
• Building and modifying AXIS pricing models
• Evaluating/analyzing pricing results including sensitivity tests and stochastic economic scenarios, embedded policy owner options and tail risk analysis
• Reviewing competitive intelligence to support product design efforts, charge structure
• Assisting with State and Federal Regulatory filings
• Helping prepare Product Risk Committee and Senior Management product communications

Qualifications

• FSA Credential
• Self-motivated/Self Starter - Ability to take ownership of projects and drive them to completion
• Strong analysis and problem-solving skills
• AXIS experience strongly preferred
• Oral and written communication skills
• Ability to work in a team environment

Requirements

• Typically, at least eight years of actuarial experience
• Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis
• Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases
• Knowledge of industry and regulatory practices is vital
• Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages

Benefits

• 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