Actuarial Senior Associate - P&C Reserving (Remote)
OhioX, Inc., Columbus, OH, United States
Actuarial Senior Associate – Reserving
Located in Nationwide’s P&C Commercial Lines and NWAG organization, the General Liability and Umbrella Reserving team supports profitable growth and long‑term financial strength across the enterprise. The team establishes and monitors loss and loss‑adjustment‑expense reserves for General Liability and Umbrella products across multiple segments and distribution channels, including Nationwide Agribusiness (NWAG).
Key Responsibilities
Lead the design, execution, and communication of reserve analyses for General Liability and Umbrella lines, including quarterly and ad hoc studies at the line, segment, and program levels.
Develop and apply advanced actuarial methodologies (e.g., stochastic reserving, frequency‑severity modeling, tail factor and trend analyses, diagnostic tools) to assess reserve adequacy and volatility.
Translate technical findings into clear, actionable recommendations for leaders in Commercial Lines, NWAG, Claims, and Finance, highlighting key drivers, risks, and alternative scenarios.
Partner with Pricing, Underwriting, and Product teams to ensure strong connectivity between reserving insights, rate adequacy, and underwriting strategies for GL and Umbrella.
Act as a technical expert of actuarial methodologies, sourcing and manipulating data within standard requirements.
Conduct complex analyses, selecting appropriate data sources, making assumptions, and developing recommendations; resolve non‑optimal results using experience and judgment.
Accurately document assumptions, methods, sources, and considerations in an organized format.
Prepare and present actuarial findings suitable for technical and non‑technical audiences at senior leadership levels.
Develop cross‑functional work plans and ensure accurate deliverables.
Lead peer reviews to increase collaboration, ensure quality, and drive innovation.
Build business relationships and lead cross‑functional communication with team members, customers, and business partners.
Lead onboarding and training for new associates on standard work processes; assist in creating training materials.
Apply data mining techniques to identify new relationships in data and make recommendations based on findings; explore new software packages and propose use.
Qualifications
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
ACAS credential, with progress toward FCAS (near‑associate level candidates with relevant experience will be considered).
Strong knowledge of P&C actuarial reserving techniques (e.g., General Liability, Umbrella, Excess).
Demonstrated experience with triangular reserving methods.
Proficiency with actuarial and data tools (Excel, SQL, R, Python, SAS, or similar) and interest in automation, reproducibility, and visualization.
Experience working independently and influencing business decisions through insight.
Ability to document methods and assumptions clearly.
Benefits Medical/dental/vision, life insurance, short‑ and long‑term disability coverage, paid time off (includes additional paid hours for Lifetime and Unity Day), 401(k) with company match, company‑paid pension plan, business casual attire, and more.
Other Considerations This role can be staffed remotely for candidates with critical industry skills and relevant experience.
This role does not qualify for employer‑sponsored work authorization, and Nationwide does not participate in the STEM OPT extension program.
Equal Employment Opportunity Statement 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.
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Key Responsibilities
Lead the design, execution, and communication of reserve analyses for General Liability and Umbrella lines, including quarterly and ad hoc studies at the line, segment, and program levels.
Develop and apply advanced actuarial methodologies (e.g., stochastic reserving, frequency‑severity modeling, tail factor and trend analyses, diagnostic tools) to assess reserve adequacy and volatility.
Translate technical findings into clear, actionable recommendations for leaders in Commercial Lines, NWAG, Claims, and Finance, highlighting key drivers, risks, and alternative scenarios.
Partner with Pricing, Underwriting, and Product teams to ensure strong connectivity between reserving insights, rate adequacy, and underwriting strategies for GL and Umbrella.
Act as a technical expert of actuarial methodologies, sourcing and manipulating data within standard requirements.
Conduct complex analyses, selecting appropriate data sources, making assumptions, and developing recommendations; resolve non‑optimal results using experience and judgment.
Accurately document assumptions, methods, sources, and considerations in an organized format.
Prepare and present actuarial findings suitable for technical and non‑technical audiences at senior leadership levels.
Develop cross‑functional work plans and ensure accurate deliverables.
Lead peer reviews to increase collaboration, ensure quality, and drive innovation.
Build business relationships and lead cross‑functional communication with team members, customers, and business partners.
Lead onboarding and training for new associates on standard work processes; assist in creating training materials.
Apply data mining techniques to identify new relationships in data and make recommendations based on findings; explore new software packages and propose use.
Qualifications
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
ACAS credential, with progress toward FCAS (near‑associate level candidates with relevant experience will be considered).
Strong knowledge of P&C actuarial reserving techniques (e.g., General Liability, Umbrella, Excess).
Demonstrated experience with triangular reserving methods.
Proficiency with actuarial and data tools (Excel, SQL, R, Python, SAS, or similar) and interest in automation, reproducibility, and visualization.
Experience working independently and influencing business decisions through insight.
Ability to document methods and assumptions clearly.
Benefits Medical/dental/vision, life insurance, short‑ and long‑term disability coverage, paid time off (includes additional paid hours for Lifetime and Unity Day), 401(k) with company match, company‑paid pension plan, business casual attire, and more.
Other Considerations This role can be staffed remotely for candidates with critical industry skills and relevant experience.
This role does not qualify for employer‑sponsored work authorization, and Nationwide does not participate in the STEM OPT extension program.
Equal Employment Opportunity Statement 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.
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