Sr Analyst, Actuarial - P&C Actuarial Development Program
Nationwide
Are you a talented and driven actuarial student seeking a dynamic environment where you can truly make a difference? Nationwide is seeking a passionate Senior Analyst, Actuarial - P&C to join our innovative team and contribute to our continued success.
Why Nationwide?
Growth Opportunities: Participate in our P&C Actuarial Rotation Program, exploring diverse actuarial functions and expanding your expertise through several functional rotations.
Cutting-Edge Environment: Utilize state-of-the-art tools and methodologies to solve complex challenges in the P&C insurance industry.
Impactful Work: Perform mathematical and quantitative actuarial analyses that are essential to Nationwide's success and the protection we provide our customers.
Collaborative Culture: Work alongside experienced professionals, participate in peer reviews, and contribute to a culture of innovation and continuous improvement.
What You'll Do:
Develop a deep understanding of actuarial methodologies and data manipulation techniques.
Conduct rigorous analyses, adhering to actuarial standards, to develop insightful recommendations.
Document assumptions, methods, and sources in a clear and organized manner.
Prepare actuarial findings and documents suitable for both technical and non-technical audiences.
Collaborate with team members to ensure timely completion of projects and meet deadlines.
Build strong business relationships across property and casualty multi-channel finance.
Team Structure:
This position reports to an Actuarial leader and is part of a team focused on umbrella pricing across multiple business units- Commercial Lines, Agribusiness and Excess & Surplus. There will be many opportunities to build your foundation of actuarial knowledge through various projects related to rate level indications and risk segmentation. In addition, you'll collaborate with a diverse group of professionals- underwriting, finance, product, actuarial- contributing to a supportive and growth-oriented environment.
Priorities:
Master actuarial methodologies and data analysis techniques.
Contribute to the development of innovative solutions to complex business problems.
Build strong relationships with key stakeholders across the organization.
Continuously improve your skills and knowledge through ongoing training and development.
Qualifications:
Undergraduate degree in actuarial science, mathematics, statistics, data science, or a related field.
Have passed two or more actuarial exams.
Basic understanding of Microsoft Office products, analytical software, and programming languages such as SQL, R and Python.
Strong analytical, problem-solving, and communication skills.
Work Arrangements:
This role will work on a hybrid schedule, with 2 days per week at one of our office locations in Columbus, OH, or Des Moines, IA. Relocation assistance may be provided.
Ready to Join Nationwide?
If you're a motivated and results-oriented actuarial professional seeking a challenging and rewarding career, we encourage you to apply!
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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 a Senior Analyst, you’ll be expected to learn about the insurance and finance industry, products Nationwide provides and a variety of actuarial software. You will be trained in company and business operations while performing mathematical and quantitative actuarial analyses essential to the success of Nationwide and the protection we provide our customers.
This position is expected 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. You will be expected to participate in three rotations of two years each. Full program details will be provided to you upon your start date.
Job Description
Key Responsibilities:
Begins to develop knowledge of actuarial methodologies, allowing the ability to source and manipulate data within standard requirements.
Conducts analysis, that adheres to actuarial standards, by selecting appropriate data sources and making assumptions to develop recommendations. Notes any unreasonable results and reports to leader.
Documents assumptions, methods, sources, and considerations in an organized fashion.
Prepares actuarial findings and documents that are suitable for technical and non-technical audiences.
Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines.
Participates in peer reviews to increase collaboration, ensure quality work, and drive innovation.
Begins developing business relationships across property and casualty multi-channel finance to provide extraordinary care to all customers.
Completes all required training in a timely manner.
Develops understanding of data mining techniques used to identify new relationships in data. Gains understanding of, and the ability to use, modeling software.
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 passed one or more actuarial exams and is actively enrolled into the Actuarial Student Program. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL STUDENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: No actuarial experience required. Typical candidate may have internship, associate rotation, associate teaching, or tutoring experience.
Knowledge, Abilities and Skills: Basic understanding or ability to learn Microsoft Office products, analytical software and programming languages. Should have basic competencies including 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.NOTE TO EMPLOYMENT AGENCIES:
We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for Sr Analyst, Actuarial - P&C : $69,500.00-$129,000.00The expected starting salary range for Sr Analyst, Actuarial - P&C : $69,500.00 - $103,500.00