Job Details

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 were looking for associates who are passionate about delivering extraordinary care.

Nationwide Financial is seeking a talented and experienced Senior Actuary, Annuities Valuation to lead a small team within our Variable Annuity (VA) business. This is a fantastic opportunity to manage and contribute to a key product line within our organization.

About the Role

• Management & Leadership: Lead and mentor a team of actuarial professionals, providing guidance and support in their day-to-day activities.
• Variable Annuity Expertise: Focus on our largest earning segment, the variable annuity line of business, including RILA products.
• Technical Skills: Utilize technical skills and actuarial expertise to contribute to valuation requirements, documentation, and reporting.

Key Responsibilities

• Manage a small team of actuarial professionals.
• Oversee valuation calculations, including Principal Based Reserves, for variable and RILA annuities.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Collaborate with cross-functional teams to support business initiatives.

Ideal Candidate

• FSA designation required.
• 6+ years of actuarial experience.
• Experience with annuity products or valuation.
• Management experience preferred.
• Strong technical skills.
• Strong communication and interpersonal skills.

Additional Information

• This role can be fully remote.
• This position will be staffed at the internal H5 pay band or lower depending on the qualifications of the candidate.

Job Description Summary: Our Nationwide Financial 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 Actuary, youll be an expert, providing leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. Youll handle research and direct others to ensure efficient, consistent and integrated data and analysis. Well count on you to provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers.

Youll work independently and may directly or indirectly lead others.

Job Description

Key Responsibilities

• Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis.
• Constructs sophisticated testing tools and analyzes product calculations.
• Leads, provides expertise and builds strategies for pricing and implementation of products.
• Constructs, maintains and completes Actuarial, Projection & Valuation Models.
• Analyzes risks and reinsurance for lines of business.
• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP and tax) for products.
• Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.

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.

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

Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. 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. Proficient level of organizational agility, influencing skills, strategic agility, inspiring 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, capabilities and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring managers leader and Human Resources 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.

We currently anticipate accepting applications until 12/16/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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.

Equal Opportunity Employer

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.