Actuarial Sr Analyst, Technical

As a team member in the Finance department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor, Internal Audit, and so much more. Let Nationwide help create your career journey! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Actuarial Sr. Analyst – Technical

Core Responsibilities:

• Rate book and rate page creation: Develop and maintain rate books and pages.

• Defect correction: Identify and correct defects in policy coding and templates.

• Policy coding: Implement and update policy codes.

• Improving templates: Enhance existing templates for better efficiency.

• Investigate anomalies: Analyze and resolve any anomalies in data or processes.

Essential Skills:

• Excel proficiency: Strong skills in Excel for data analysis and manipulation.

• Policy center knowledge: Familiarity with rating systems.

• Programming skills: Experience with R, Python, SQL, and Databricks is advantageous.

Required Qualifications:

• Relevant experience: Some actuarial exposure, preferably in insurance or finance.

• Technical skills: Proficiency in Excel and familiarity with programming languages (R, Python, SQL).

Nice-to-Have Qualifications:

• Additional programming skills: Experience with Databricks.

• Insurance experience: Preferred but not mandatory.

• Finance background: Acceptable alternative to actuarial experience.

Additional Insights:

• Team & company culture: NW Ag offers a unique community and product, fostering a close-knit team environment.

• Unique aspects: This role provides a good entry point to the company, allowing candidates to learn the business and advance their skills. It is a non-exam role, making it accessible to those without actuarial exams.

Work Arrangements: This position will be based in Columbus, OH, Des Moines, IA or Scottsdale, AZ and work a hybrid schedule alternating between office and remote work.  This role will be staffed at the E3 internal pay band.

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Job Description Summary

Our 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 a Senior Analyst, you’ll continue to learn more advanced actuarial methodologies and insurance concepts through reading, training sessions and work assignments. We’ll count on you to prepare loss, expense, and premium data for actuarial pricing reviews, ratemaking and/or reserving and estimate future loss and premium results.

Job Description

Key Responsibilities:

• Continues to develop deeper knowledge of actuarial methodologies allowing the ability to source and manipulate more complex data within standard requirements. Estimates future loss and premium results.

• Conducts analyses that adheres to actuarial standards by selecting appropriate data sources and making assumptions to develop recommendations. Will note and suggest potential resolution to any unreasonable results and report to leader.

•  Documents assumptions, methods, sources, and considerations in an organized fashion

• Prepares and presents actuarial support 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 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.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader

Typical Skills and Experiences:

Education: Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis

Experience: Generally, three years related experience in an actuarial and statistical support role.

Knowledge, Abilities and Skills: Basic understanding or ability to learn 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 the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not Eligible)  

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.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.