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Nationwide · 19 hours ago

Actuarial Specialist - Commercial Pricing Modeler

Columbus, OH

Full-time

Hybrid

Mid Level

3+ years exp

Nationwide is a company that values its customers and is seeking a talented Pricing Modeler - Commercial Actuarial to join their team. In this role, you will analyze data and implement actuarial techniques to drive business outcomes and collaborate with various partners to develop innovative solutions.

BankingFinancial ServicesInsuranceLife Insurance

Responsibilities

Research and implement actuarial, data science, statistical and machine learning techniques for business applications

Contribute to pricing modeling processes, ensuring industry standards are met and models are working as intended

Collaborate to ensure consistent model assumptions, processes, and outputs are well understood

Review and analyze model output to identify limitations and impacts

Assist in crafting and updating model documentation for rationale, assumptions, and business continuity purposes

Apply expertise to develop creative solutions to business problems

Assists in the research and implementation of financial engineering, data science and statistical techniques for risk management and business applications

Supports regular testing of risk limits to provide management guidance on asset allocation, risk transfer and product growth decisions

Aids with quantitative modeling processes. Understands industry standards and identifies if models are working as intended

Collaborates to ensure that consistent model assumptions, processes, and outputs are well understood and that modeling standard methodologies are upheld

Reviews and analyzes model output to identify model limitations and impacts

Assists in crafting and updating model documentation for rationale, assumptions and business continuity purposes

Applies expertise to develop creative solutions to business problems

Acts as the technology lead for risk analytics

Qualification

Predictive modelingActuarial scienceMachine learningSQLPythonData visualizationStatistical techniquesAnalytical skillsCommunication skillsProblem-solving skills

Required

Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required

Preferred

Bachelor's degree in actuarial science, economics, statistics, mathematics, analytics or a related field. Graduate-level studies preferred

Three or more years of related work experience in predictive modeling or actuarial functions

Progress toward actuarial credentials (ACAS, FCAS, or similar preferred)

Experience with techniques such as regression, classification, time series analysis, and machine learning

Proficiency in SQL, Python (scikit-learn, pandas) or R, Github and common software such as Excel, PowerPoint

Experience with feature engineering and data preprocessing

Familiarity with data visualization tools/Ability to visualize data using Excel, Tableau or Power BI

Strong written and verbal communication skills

Excellent analytical and problem-solving skills

Graduate-level studies in a related field with advanced degree highly desirable

Progress toward FCAS, FSA, CQF, CFA or similar preferred

Typically, three or more years of related work experience in financial risk modeling or actuarial functions

Knowledge of machine learning, stochastic processes, Monte Carlo simulations, sampling methods and other statistical techniques applicable to specialized risk modeling

Basic mathematical knowledge of specialized risk models such as those used in hedging, economic scenario generation, catastrophe, credit risk, etc

Experience with risk management operations such as asset-liability management, portfolio risk assessment, hedging, etc

Proficient written and verbal communication skills

Basic proficiency with Excel and common statistical software such as R, SAS, Python, or MATLAB

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

And more.

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees