Introduction to Nationwide Mutual Insurance Company
Nationwide Mutual Insurance Company is a leading provider of insurance and financial services, dedicated to protecting people, businesses, and futures with extraordinary care. With a rich history spanning nearly a century, we have established ourselves as a trusted and innovative company, driven by a passion for making a positive impact on our customers' lives. Our Finance and Internal Audit department is at the heart of our operations, and we are seeking a talented Financial Analyst - Actuarial to join our team.
About the Role
We are looking for an experienced Financial Analyst - Actuarial to join our In-Force Management team within the Actuarial department. As a key member of our team, you will have the opportunity to work on diverse projects, including the implementation of new products and the maintenance of our in-force block of business. You will collaborate with IT, other actuarial teams, and business stakeholders to drive business growth and success. This role will focus on supporting our life insurance products, and you will be expected to leverage your technical skills to analyze data, build models, and provide insights that inform business decisions.
Key Responsibilities
- Compile, categorize, and analyze data to support business decisions, with direction and oversight from senior team members
- Assist in building testing tools, analyzing product calculations, and product illustrations to ensure accuracy and compliance
- Aid in building, maintaining, and running actuarial, projection, and valuation models to support business planning and decision-making
- Complete financial reporting and analysis, with direct oversight from senior team members, to ensure timely and accurate delivery of financial information
- Responsible for pricing and implementation of products, with input and oversight from senior team members, to ensure that products are competitively priced and meet customer needs
- Assist in valuation and reserving under multiple accounting regimes (statutory, GAAP, and tax) for products, to ensure compliance with regulatory requirements
- Assist with analysis of reinsurance opportunities and risks for Nationwide Financial business products, to identify areas for growth and improvement
- Assist in activities related to data and analytics, including data governance, data strategy development, data modeling, and data manipulation, to support business decision-making
Essential Qualifications
- Undergraduate degree in actuarial science, mathematics, statistics, computer information systems, or a similar background requiring modeling, programming, or quantitative analysis
- Basic understanding of Microsoft Office products, including VBA within Access and Excel, and programming languages
- Basic level of perspective, customer focus, dealing with ambiguity, drive for results, business perspective, and analysis
- Proficient level of problem-solving, learning on the fly, and making the best use of system capabilities
Preferred Qualifications
- Experience with Excel, VBA, and SQL is highly preferred
- May have passed an actuarial exam, LOMA, or other industry exams
- Internship, associate teaching, or tutoring experience in a related field
- Basic level of understanding of actuarial models and concepts
Career Growth Opportunities and Learning Benefits
At Nationwide, we are committed to helping our employees grow and develop in their careers. As a Financial Analyst - Actuarial, you will have access to a range of training and development opportunities, including:
- State-of-the-art tools and technologies to support your work
- Opportunities to innovate and learn new actuarial methodologies
- Training and development programs to help you build your skills and knowledge
- Coaching and mentoring from experienced professionals in the field
- Opportunities to work on diverse projects and collaborate with other teams
Work Environment and Company Culture
At Nationwide, we are proud of our company culture, which is built on a foundation of values that include:
- Integrity: We do the right thing, even when it's hard
- Customer focus: We put our customers at the heart of everything we do
- Respect: We value and respect each other's differences
- Innovation: We encourage creativity and innovation in everything we do
- Teamwork: We work together to achieve our goals and support each other's success
We offer a range of benefits to support your well-being and career growth, including medical, dental, and vision insurance, life insurance, short and long-term disability coverage, paid time off, and a 401(k) with company match.
Compensation, Perks, and Benefits
We offer a competitive salary range for this role, with a national salary range of $52,000 - $109,000 and an expected starting salary range of $58,000 - $88,000. We also offer a range of perks and benefits, including:
- Medical, dental, and vision insurance
- Life insurance
- Short and long-term disability coverage
- Paid time off
- 9 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
Conclusion
If you are a motivated and talented Financial Analyst - Actuarial looking for a new challenge, we encourage you to apply for this exciting opportunity. With a competitive salary, comprehensive benefits, and a supportive work environment, this role offers the perfect combination of challenge and reward. Don't miss out on the chance to join our team and contribute to the success of Nationwide Mutual Insurance Company. Apply now and take the first step towards an exciting and rewarding career!
Simple Application Process
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