Sr. Actuary Pension Risk Transfer Pricing

As a team member in Finance at Nationwide, the opportunities are endless! 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 we’re looking for associates who are passionate about delivering extraordinary care.

Location: On-site/Hybrid in Columbus, OH, or Remote

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.

Key Responsibilities:

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.

Qualifications and Skills:

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

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

It is our intention to fill this role in Columbus, Ohio. However, willing to consider applications from internal candidates working remotely or external candidates who bring critical industry skills and relevant experience may be considered. 

Internal Compensation Grade: H5

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Job Description Summary

Our Nationwide Financial Actuarial team members have opportunities to use state-of-the-art tools, are encouraged to innovate and learn to master actuarial methodologies. If this sounds like a place you could thrive, then we want to know more about you!

As a Senior Actuary, you’ll be an expert, providing leadership, direction and oversight for the creation and performance of sophisticated actuarial techniques and procedures and risk analysis. You’ll handle research and direct others to ensure efficient, consistent and integrated data and analysis. We’ll count on you to provide a strategic vision for the team and deliver business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll work independently and may directly or indirectly lead others.

Job Description

Key Responsibilities:

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.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader.

Typical Skills and Experiences:

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

License/Certification/Designation: FSA required. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience: Typically, at least eight years of actuarial experience.

Knowledge, Abilities and Skills: Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies. Knowledge of industry and regulatory practices is vital. Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.

Other criteria, including leadership skills, capabilities 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 the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not eligible)

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.

We currently anticipate accepting applications until 01/29/2026. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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.