Nationwide Sr Actuary, NF in Columbus, Ohio
If you’re passionate about becoming a Nationwide associate and believe you have the potential to be something great, let’s talk.
Number 54 on the Fortune Magazine 100 Best Places to Work.
This role leads the Financial Reporting team in Retirement Plans. Major duties include:
• Review and approve all RP reserves, DAC, and GL entries and reconciliations;
• Ensure RP FRC controls are suitable;
• Prepare, analyze, and present actual and forecast FRM materials;
• Perform RBC, FAS 107 fair value, Goodwill and liquidity calculations;
• Discuss quarterly results with KPMG and Internal Audit as required;
• Review and approve year end NAIC statutory statement exhibits;
• Complete requirements for Asset Adequacy C3P1 & C3P2;
• Update, analyze, and present RP model assumptions to the NF Assumption Council;
• Provide product development and risk analysis support as needed;
• Manage 4 direct reports
Based on skillset and experience, this role may be filled at the Actuary level.
You may participate in the EXCELerate Leaders Assessment (ELA) as part of your People Leader application process.
Compensation Grade: H4
Job Profile Summary
Has deep domain knowledge of company operations, systems and actuarial methodologies. Provides leadership direction and oversight for the creation or performance of complex actuarial techniques and procedures and complex mathematical and quantitative actuarial and risk analysis. Manages research to clarify complex actuarial models and risk issues; directs others to maintain documentation of actuarial analysis, and preparation of the actuarial portion of financial reports, tax returns, and responses to insurance regulators; ensures that actuarial systems and databases conform to and utilize actuarial setting methodologies that produce efficient, consistent, and integrated data & analysis. Will provide strategic or domain-knowledge leadership, coordinate and perform actuarial analyses to assist in the development of complex actuarial models and business recommendations. Works independently and leads (directly and indirectly) others on complex projects.
Reporting Relationships: Reports to Actuarial Manager, or other financial/actuarial management.
Core Duties and Responsibilities:
Provides strategic direction and expert knowledge for the compilation, categorization and analysis of data.
Provides strategic direction and expert knowledge for the construction of complex testing tools and analysis of product calculations.
Provides strategic direction and expert knowledge for the construction, maintenance and execution of Actuarial, Projection & Valuation Models.
Provides strategic direction and expert knowledge for the financial reporting & analysis.
Leads, provides expert knowledge, creates strategies for pricing and implementation of products.
Provides strategic direction and expert knowledge for the analyzing risks for lines of business.
Provides strategic direction and expert knowledge for the establishing reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
Provides strategic direction and expert knowledge for the analysis and pricing of reinsurance.
Develops effective communication strategies and recommendations to leadership. Executes and delegates as needed.
Performs other duties as assigned.
Typical Skills and Experiences:
Education:Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.
License/Certification/Designation:FSA required. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience:Typically at least eight years of actuarial experience.
Knowledge, Abilities and Skills: Expert knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; expert knowledge of company operations, products, systems and actuarial methodologies; expert knowledge of Company, Industry, and Regulatory practices. Mastery of Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficiency level of organizational agility and conflict management. Proficient level of command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.
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 and Guiding Behaviors.
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.
Evaluation Activity: DRC 10/2018
Additional Job Description
Job ID: 54588