Actuarial Consultant, Businessowner Pricing

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 Consultant, Commercial Lines - Businessowner Pricing

We are seeking a highly skilled Actuarial Consultant to join our Businessowner commercial pricing team. This role is crucial in supporting the pricing function by conducting state product reviews, providing risk segmentation and pricing recommendations, and assessing rate adequacy to promote financial success. The ideal candidate will bring new perspectives and innovative ideas to continue delivering high-level actuarial services to our business customers.

Key Responsibilities :

• Conduct state product reviews
• Enhance manual rating plans, establish risk segmentation and provide pricing recommendations.
• Assess rate adequacy to ensure financial success.
• Introduce new perspectives and innovative ideas to enhance actuarial services.
• Analyze results and present findings to internal product, actuarial, and underwriting teams.
• Collaborate with a data scientist or predictive modeler to develop and implement innovative actuarial models, including Generalized Linear Models (GLM) and multivariate models.
• Contribute to the development, maintenance, and enhancement of actuarial models and tools.
• Work across teams to ensure seamless integration of models and actuarial insights into business processes.

Strongly Preferred Experience :

This position offers a collaborative and innovative work environment, with opportunities for professional growth and development. If you are passionate about leveraging technology to drive actuarial excellence, we encourage you to apply.

This role will work on a hybrid schedule, with 2 days per week at one of our office locations in Columbus, OH, Des Moines, IA or Scottsdale, AZ. This role will be staffed at the G4 internal pay band.

LI-SM1

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 an Actuarial Consultant, you'll need to be adept at actuarial functions and know P&C products to perform complex, quantitative actuarial analyses. In addition, we'll count on you to provide expertise, including consultation and recommendations, on actuarial models and issues.

This position may have the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the potential opportunity to work on various actuarial, analytics, and risk management teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.

Job Description

Key Responsibilities :

May perform other responsibilities as assigned.

Reporting Relationships : Reports to an Actuarial, Analytics, or Risk Management leader.

Typical Skills and Experiences :

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

License / Certification / Designation : Generally, has attained ACAS and is working towards FCAS. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL STUDENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience : Generally, five or more years of actuarial experience.

Knowledge, Abilities and Skills : Detailed 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 command skills, strategic agility, delegation, motivating others, business perspective and accounting. Should have highly-developed competencies in 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 Nationwide Values.

Job Conditions :

Overtime Eligibility : Not Eligible (Exempt)

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.