As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, 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.
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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 the AVP, you’ll be responsible for the calculation of reserves, DAC/VOBA, and other actuarial values for statutory, GAAP, and tax accounting for Group Benefits products while overseeing the validation of actuarial systems and processes that are used to calculate these values. You’ll monitor emerging regulations and accounting rules from governing bodies, influence their final form through regulators and industry groups, and apply thought leadership on application of new rules as they occur.
Job Description
Key Responsibilities:
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Validate calculation of actuarial values and their underlying modeling systems and processes for fixed, indexed, variable, registered-indexed, in-plan, and immediate annuities as well as pension risk transfer business.
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Work with vendors and consultants as required to ensure systems and accounting methods are properly calculating actuarial values.
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Assist in the forecasting of future financial impacts and/or the impact of changes in assumptions and communicate with Finance stakeholders.
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Monitor regulatory activities pertaining to valuation through participation in industry work groups, conferences, business contacts and other means.
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Influence the direction of future accounting rules where possible. Measure the financial impact of proposed changes and communicate to management.
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Communicate directly with regulators as needed through written communications and face-to-face meetings where necessary. Provide thought leadership on implementation of regulation internally.
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Performs financial reporting controls and oversee the control performance of the team. Work closely with internal and external auditors, Nationwide Financial (NF) controllership, and others in the performance of accounting and model governance.
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Provide thought leadership on appropriateness of assumption for valuation purposes. Support the measurement of financial risks and risk management strategy arising from actuarial assumptions, models, and the underlying risks of Group Benefits products.
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Assists in the assessment and implementation of reinsurance solutions. Advises and supports capital management as necessary.
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Support talent recruiting and development for the Actuarial job family. Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and disciplinary actions for direct and possibly indirect reports.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP or President.
Typical Skills and Experiences:
Education: BS or higher degree in Mathematics, Actuarial Science, or related technical fields.
License/Certification/Designation: FSA and MAAA designations preferred.
Experience: 10 or more years of actuarial related experience is preferred.
Knowledge, Abilities and Skills: Extensive experience with actuarial modeling and accounting software such as Polysystems, ALFA, GGY AXIS, or similar 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 HR 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.
We currently anticipate accepting applications until 08/18/2026. 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.
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.
This position could be filled within any of the lower 48 U.S. states.
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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 888-944-2247.
For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf
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.
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.
The national salary range for AVP, Actuary - Group Benefits Valuation : $154,000.00-$290,000.00
The expected starting salary range for AVP, Actuary - Group Benefits Valuation : $154,000.00 - $258,000.00
