Sr Director, Actuary – Pricing Recordkeeping, Group Annuity Contracts & Stable V

Job Description

Key Responsibilities:

• Builds models and assumptions to evaluate the pricing metrics of a product design to advise business and risk management leadership of the expected profitability and most significant risks associated with new product concepts.

• Demonstrates expert knowledge of pricing assumption-setting, model building, actuarial analysis, product mechanics and embedded policy owner options, valuation and non-forfeiture law.

• Works with business leadership to craft innovative concepts and product designs to meet customer needs, while at the same time figuring out how the new concepts and products provide adequate risk adjusted return on capital and meet regulatory constraints. May also be involved with risk management leadership on innovative reinsurance concepts and redundant reserve transactions. Requires collaboration skills and knowledge of markets and distribution systems as well as the underlying actuarial expertise.

• Evaluates, updates and maintains models and assumptions as experience emerges to manage risk and periodically resolve capital use and expected return on capital. Advises and informs business and risk management leadership of recommended product or process changes to support profitable growth and capital strength.

• Educates and motivates the cross-functional team to deliver results. Communicates and influences to gain top-down support as well as approval.

• Builds materials to support the state and interstate compact approval, implementation and administration of new products, including filing demonstrations and actuarial specifications.

• Hires and develop talent, provides consistent coaching and feedback.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader. Manages a team of four or more Actuarial professionals.

Typical Skills and Experiences:

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

License/Certification/Designation: Achievement of Fellowship in the Society of Actuaries. Has membership in the Society of Actuaries and American Academy of Actuaries.

Experience: At least eight years of actuarial experience and Actuarial Council approval. The highest level of technical actuarial expertise in insurance product mechanics and embedded options, pricing models, pricing assumptions, valuation and non-forfeiture laws, tax code 7702, state regulations.

Knowledge, Abilities and Skills: The role will require leadership, influence and communication skills. An ability to use past actuarial experience to apply to new product concepts and requirements, such as Principles Based Reserves, is required.

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 Human Resources Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Some travel may be required.

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.

NOTE TO EMPLOYMENT AGENCIES:

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