Nationwide Mutual Insurance Company
Sr. Actuary Pension Risk Transfer Pricing
Nationwide Mutual Insurance Company, Columbus, Ohio, United States, 43224
**Job Summary:**As a strategic leader within our team, the Pension Risk Transfer Pricing Senior Actuary will play a pivotal role in shaping objectives, achieving profitability targets, and refining the pricing process. This role involves conducting competitive market analysis, driving efficiencies, and fostering a positive team culture. The ideal candidate will have extensive experience as a PRT, ALM, or Investments Actuary, with a strong ability to influence internal stakeholders and contribute to the overall success of the organization.* Thought leadership on the PRT Pricing team.* Lead pricing initiatives for large and complex deals, partnering with OOI and ALM to develop custom pricing strategies and influence key stakeholders on a case-by-case basis.* Contribute to pricing/product strategy and prioritizing initiatives, including exploration of improved investment strategies, new deal structures and utilizing reinsurance.* Collaborate with the Office of Investments and ALM teams to optimize the investment strategy for new PRT business.* Review Pension Risk Transfer (PRT) bids to ensure premiums accurately reflect reserves, capital, expected benefit payments, tax, investment strategy, earned rates, etc., using Axis and Excel-based tools.* Propose demographic assumptions related to pension benefits included in each PRT deal, including mortality, mortality improvement, withdrawal rates, retirement rates, and disability incidence.* Partner with business teams to develop responses to RFPs.* Develop junior associates.* Drive results and decision making with business partners and other internal stakeholders.* Experience as a PRT, ALM, or Investments actuary* Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)* Proficiency in Excel* Ability to establish strategic direction* Excellent problem-solving skills* Excellent communication and presentation skills to influence internal stakeholders* Ability to work collaboratively in a team environment* Strong organizational and time management skills* Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis.* Constructs sophisticated testing tools and analyzes product calculations.* Leads, provides expertise and builds strategies for pricing and implementation of products.* Constructs, maintains and completes Actuarial, Projection & Valuation Models.* Analyzes risks and reinsurance for lines of business.* Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP and tax) for products.* Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.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,At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can *feel* the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're , too, and let us know –
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