Actuarial Specialist, Surety

Welcome to Nationwide Mutual Insurance, a leading provider of insurance and financial services. We are currently seeking a highly skilled Actuarial Specialist to join our team in the Surety department. As an Actuarial Specialist, you will play a critical role in analyzing and managing risk for our surety products, ensuring the financial stability and success of our company. We are looking for an individual with strong analytical skills, attention to detail, and a passion for the insurance industry. If you have a background in actuarial science, a sharp business acumen, and a desire to make a meaningful impact, we encourage you to apply for this exciting opportunity.

1. Conduct actuarial analysis and research to support the development and pricing of surety products.
2. Collaborate with underwriters and other team members to evaluate and manage risk exposure for new and existing surety products.
3. Utilize mathematical and statistical models to forecast future trends and evaluate potential risks.
4. Analyze data and prepare reports to present findings and recommendations to management.
5. Monitor and track the performance of surety products and make adjustments as necessary to ensure profitability.
6. Stay updated on industry trends and regulations to ensure compliance and inform business decisions.
7. Develop and maintain actuarial models and tools to aid in risk assessment and pricing.
8. Work closely with other departments, such as finance and marketing, to support business goals and initiatives.
9. Collaborate with external partners, such as reinsurers and consultants, to enhance actuarial capabilities and knowledge.
10. Participate in company-wide projects and initiatives related to risk management and financial stability.
11. Identify and implement process improvements to streamline actuarial processes and increase efficiency.
12. Train and mentor junior team members on actuarial principles and practices.
13. Maintain a high level of professionalism and integrity in all interactions and represent the company in a positive manner.

According to JobzMall, the average salary range for a Actuarial Specialist, Surety in Columbus, OH, USA is $83,000 to $103,000 per year. This may vary depending on the individual's level of experience, education, and specific job responsibilities.

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona; Des Moines, Iowa and San Antonio, Texas.