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Nationwide · 1 day ago

Actuarial Consultant - Personal Lines Auto

Columbus, OH

Full-time

Onsite

Mid, Senior Level

$108K/yr - $200K/yr

4+ years exp

Nationwide is a leading insurance and financial services company, and they are seeking an Actuarial Consultant to join their Personal Lines Auto Actuarial team. The role involves shaping pricing strategies and risk assessment for auto insurance products through advanced analytics and collaboration with various teams to enhance profitability and customer experience.

BankingFinancial ServicesInsuranceLife Insurance

No H1B

Responsibilities

Perform complex actuarial analyses for personal auto products, incorporating telematics and emerging data sources

Provide expert consultation on actuarial methodologies, assumptions, and model performance to senior leadership

Prepare and present findings to technical and non-technical audiences, influencing strategic decisions

Lead peer reviews, mentor junior team members, and contribute to innovation in pricing and risk modeling

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

Qualification

Actuarial SciencePythonRSQLProfessional actuarial credentialsTelematicsData manipulationAnalytical skillsCommunication skillsCollaboration skills

Required

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field; advanced degree preferred

Professional actuarial credentials (ASA or ACAS) or significant progress toward designation

4+ years of actuarial experience, ideally in personal lines auto pricing and telematics

Strong programming and data manipulation skills in Python, R, SQL; experience with Databricks and Snowflake is a plus

Excellent analytical, communication, and collaboration skills with the ability to explain complex concepts clearly

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

Generally, has attained ACAS and is working towards FCAS

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

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

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