Actuary Pension Risk Transfer Pricing - Remote

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Overview

Designed for a pivotal role in the finance department, the position of Actuary – Pension Risk Transfer Pricing at Nationwide is geared toward engaging professionals who are ready to tackle complex pension and financial tasks. This remote job allows applicants to take a step into the forefront of actuarial science while enjoying a flexible work environment. Nationwide provides opportunities for employees to thrive across various disciplines, making it an appealing place for career growth.

Responsibilities

In the role, candidates will be instrumental in executing pricing strategies for Pension Risk Transfer (PRT) deals. The key responsibilities include:

• Reviewing PRT bids to ensure that premiums reflect essential metrics like reserves and benefit payments accurately.
• Developing pricing processes for unique deals and structures, highlighting the ability to analyze and implement complex financial models.
• Proposing demographic assumptions that will shape PRT deals, involving calculations and analysis tied to mortality and other key indicators.
• Collaborating with business teams to craft Responses to Proposals (RFPs) aimed at improving customer engagement and business outcomes.
• Continually assessing and improving the pricing model and process, with a focus on driving efficiencies and achieving profitability targets.
• Managing project milestones, ensuring alignment with internal stakeholders and delegating tasks when necessary.

Skills Required

Candidates pursuing this role should possess strong technical and soft skills to excel. Key skills include:

• Actuarial credentials such as Fellow of the Society of Actuaries (FSA), Associate of the Society of Actuaries (ASA), and Enrolled Actuary (EA).
• Proficiency in Excel, as well as familiarity with Axis and Databricks.
• Strong analytical abilities, with experience in complex problem-solving and a knack for process improvement.
• Exceptional communication skills to present concepts and results effectively to stakeholders.
• Organizational skills and the capability to collaborate in a team-oriented environment is essential for maintaining workflow.

Required Experience

The ideal candidate typically has:

• Five to seven years of relevant actuarial experience, emphasizing a background with pension and PRT.
• Demonstrable expertise in statistical modeling techniques and financial analysis of actuarial data.
• A degree in actuarial science, mathematics, statistics, or related fields that require extensive quantitative analysis.

Work Environment

While Nationwide is open to applicants being fully remote, they prefer candidates in Columbus, OH, for a hybrid work schedule. This designation offers vital in-person collaboration opportunities while maintaining remote work benefits.

Compensation and Benefits

While salary details are not explicitly stated, the position is classified within the H4 internal pay band, suggesting competitive compensation aligned with industry standards. Additionally, Nationwide offers numerous benefits, including:

• Medical, dental, and vision insurance
• Generous paid time off, including a minimum of 18 days annually
• 401(k) plan with company matching and a company-funded pension plan
• Business casual work attire and supportive workplace culture

Company Culture

Nationwide prides itself on fostering a collaborative workplace where innovation and mastery of actuarial practices are celebrated. Associates are encouraged to engage in continuous learning and improvement, allowing employees to carve their own career paths. The organization values diversity and inclusion, affirming its commitment to a work environment that promotes respect and engagement.

Conclusion

If you possess the requisite skills and experience, this opportunity at Nationwide could be a perfect fit. The position is designed for individuals willing to excel within a challenging yet supportive environment, contributing actively to the successful management of pension risks and pricing structures. If you’re ready to step into a role where your work can significantly affect both the company and customers, consider applying before the anticipated close date of March 27, 2025. Early submissions are encouraged as strong candidates may precipitate a quicker closure of the application process.

This job offer was originally published on himalayas.app