Note: The job is a remote job and is open to candidates in USA. Nationwide is a Fortune 100 insurance company focused on delivering customer-centered insurance and financial services. The company is seeking an Actuarial Consultant to support personal lines property pricing through actuarial analysis, catastrophe and weather pricing recommendations, forecasting, loss trend monitoring, and collaboration with risk and business teams. The role also involves developing recommendations, documenting methodologies, presenting findings, and mentoring associates.
Responsibilities
- Perform and support actuarial analyses that inform personal lines pricing weather loss and trend assumptions
- Partner with Risk Management on catastrophe, reinsurance, and profit assumptions for pricing
- Support innovation, refinement, and documentation of property pricing methodology
- Contribute to planning and forecasting activities, including the development and delivery of pricing opinions
- Monitor loss trends and emerging experience, identifying implications for current year financial results and opportunities to improve pricing assumptions
- Translate technical analysis into clear recommendations for business partners and pricing leadership
- Has in depth knowledge of actuarial methodologies with 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. Resolves unreasonable results/non-optimal solutions using experience and professional judgment
- Accurately 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 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
- Maintains relationship with business customers as well as builds new relationships
- Leads onboarding and training for new associates on standard work processes
- Applies data mining techniques used to identify new relationships in data and make 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
- May perform other responsibilities as assigned
Skills
- Bachelor's degree in actuarial science, mathematics, statistics, economics, or another related quantitative field
- Growth in actuarial experience, ideally in P&C pricing, personal lines property, catastrophe pricing, or a related insurance discipline
- Working knowledge of traditional actuarial pricing methodologies and the ability to apply sound analytical judgment to complex business questions
- Experience using data to evaluate loss trends, support pricing decisions, or develop recommendations for business partners
- SQL experience, or the ability and interest to learn SQL quickly
- Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis
- Generally, five or more years of actuarial experience
- 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
- ACAS designation, or significant progress toward achieving actuarial credential preferred
- Exposure to Python, R, Databricks, Snowflake, or similar analytical tools is beneficial
- Experience with homeowners pricing, catastrophe and weather risk, or planning and forecasting is a plus
- Generally, has attained ACAS and is working towards FCAS
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