Life Pricing and Product Development Senior Actuary

Are you an experienced actuary with a passion for developing and pricing life insurance products? Are you looking for a senior-level role with a reputable company that values innovation and collaboration? Look no further than Nationwide Mutual Insurance, where we are seeking a Life Pricing and Product Development Senior Actuary to join our growing team. In this role, you will have the opportunity to utilize your strong analytical skills and strategic thinking to drive the development, pricing, and profitability of our life insurance products. If you have a deep understanding of actuarial principles and a proven track record of success in the life insurance industry, we want to hear from you. Join our team and make a meaningful impact on the lives of our customers and the success of our company.

1. Conduct thorough market research and analysis to identify customer needs and market trends in the life insurance industry.
2. Develop and price life insurance products that meet the needs of our target customers while ensuring profitability for the company.
3. Collaborate with cross-functional teams, including underwriting, marketing, and finance, to ensure alignment and successful product launches.
4. Utilize actuarial models and methodologies to evaluate risk and make data-driven decisions for product development and pricing.
5. Monitor and analyze product performance, including profitability, sales, and market share, and make recommendations for improvements or changes as needed.
6. Stay updated on industry regulations and ensure compliance in all product development and pricing activities.
7. Mentor and provide guidance to junior actuaries on the team, fostering a culture of continuous learning and development.
8. Participate in strategic planning and provide insights and recommendations based on actuarial analysis to support business growth and profitability goals.
9. Collaborate with external partners, such as reinsurers and consultants, to leverage their expertise and ensure the best outcomes for our products.
10. Continuously assess and improve internal processes and procedures related to product development and pricing to increase efficiency and accuracy.

According to JobzMall, the average salary range for a Life Pricing and Product Development Senior Actuary in Columbus, OH, USA is between $130,000 to $170,000 per year. This may vary depending on the specific company, years of experience, and other factors such as education and skills.

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.