Actuarial Specialist Commercial Pricing Modeler at Nationwide Mutual Insurance

As a team member in the Finance department at Nationwide the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics Investments Actuarial Accounting Risk Management Critical Business Advisor Internal Audit and so much more. Let Nationwide help create your career journey! At Nationwide on your side goes beyond just words. Our customers are at the center of everything we do and were looking for associates who are passionate about delivering extraordinary care.Job Summary:Are you passionate about analyzing data and driving business outcomes through groundbreaking research Nationwide is seeking a talented and driven Pricing Modeler - Commercial Actuarial to join our dynamic this role youll harness the power of data to deliver impactful results working on sophisticated problems and uncovering valuable insights.Why Join UsImpactful Work:Contribute directly to business outcomes through data-driven insights.Collaborative Culture:Thrive in an agile environment with a supportive and collaborative team.Career Growth:Advance your skills in a role that is critical to team restructuring and innovationKey Responsibilities:Research and implement actuarial data science statistical and machine learning techniques for business applicationsContribute 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.Preferred Skills and Qualifications:Bachelors 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.Team Dynamics and Cultural Fit:Collaborate with business partners across the finance organization to develop solutions to pressing business needs.Work closely with the FIN P&C Property Modeling team reporting to the Risk/Actuarial leader.Contribute to a culture of innovation and continuous improvement.This role can be staffed fully remote.Work Arrangements:It is highly preferred that 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.#LI-SM 1Job Description SummaryDo you have the desire to analyze data and perform groundbreaking research to drive business outcomes Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry-leading workforce adopts an agile work environment and a collaborative culture to deliver outstanding solutions and results. At Nationwide our Risk Analytics Researchers play a key role in harnessing the power of data to deliver business results. Specifically they are responsible for modeling sophisticated problems discovering insights and identifying business opportunities from data using a variety of techniques from mathematics actuarial studies statistics data science and financial engineering. As a Researcher Specialist youll work on projects associated with the design development and application of unique risk models. Youll need a basic understanding of broad business objectives and will work with business partners across the finance organization to develop solutions to pressing business needs. Well count on you to be a subject matter expert in Nationwides risks. Its imperative that you are familiar with basic and sophisticated mathematical statistical and analytical techniques associated with risk modeling.Job DescriptionKey Responsibilities: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.May perform other responsibilities as assigned.Reporting Relationships: Reports to Risk/Actuarial leader.Typical Skills and Experiences:Education: Undergraduate studies in finance accounting economics statistics mathematics or related subject area required. Graduate-level studies in a related field with advanced degree highly desirable.License/Certification/Designation: Progress toward FCAS FSA CQF CFA or similar preferred.Experience: Typically three or more years of related work experience in financial risk modeling or actuarial functions.Knowledge Abilities and Skills: 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.Other criteria including leadership skills competencies and experiences may take precedence.Staffing exceptions to the above must be approved by the hiring managers 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.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.BenefitsWe have an array of benefits to fit your needs including: medical/dental/vision life insurance short and long term disability coveragepaid 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 .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.Required Experience:IC Key Skills Atl,CMMS,ABAP,Community Support,CRM,Fleet Employment Type : Full-Time Experience: years Vacancy: 1