Note: The job is a remote job and is open to candidates in USA. Nationwide is a Fortune 100 company with nearly $70 billion in annual sales, seeking an Actuarial Technical Consultant for their personal lines pricing team. The role involves conducting state product reviews, providing pricing recommendations, and assessing rate adequacy to support financial success in the pricing function.
Responsibilities
- Conduct state product reviews and assess rate adequacy to ensure financial success
- Enhance rating plans, establish risk segmentation and provide pricing recommendations
- Lead pricing analysis and engagement on our large and complex markets
- Introduce new perspectives and innovative ideas to enhance actuarial services
- Analyze results and present findings to internal product, actuarial, and underwriting teams
- Has in depth knowledge of actuarial methodologies the ability to source and manipulate complex data within standard requirements
- Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing considerations, and developing recommendations. Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment
- Documents assumptions, methods, sources and considerations in an organized fashion
- Prepares and presents actuarial findings and documents that are suitable for technical and non-technical audiences at the senior Actuarial leadership level. May professionally represent company's position with regulators, auditors, and external vendors
- Develops work plans and ensures accurate work product is delivered
- Leads peer reviews to increase collaboration, ensure quality work and drive innovation
- Applies data mining techniques used to identify new relationships in data and makes recommendations based on findings. Builds and validates models in different software packages. Explores the use of new software packages. Has practical use of predictive modeling
Skills
- Strong foundation in actuarial science and mathematics
- Skills in velocity, agility, critical thinking, and problem-solving
- Experience with Microsoft Excel and PowerPoint
- Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis
- Generally, seven years of related experience in actuarial and statistical support role
- Proven general knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases
- Proficient in 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
- Personal Lines experience is highly preferred
- Proficiency in SQL, DataBricks, Python, and R
- Exposure to predictive modeling is a plus
- Post graduate degree preferred
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
Company Overview