Nationwide Mutual Insurance

Life Pricing and Product Development Senior Actuary

Nationwide Mutual Insurance

Remote
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a seasoned actuary with a passion for life insurance? Do you have a strong background in pricing and product development? If so, we have an exciting opportunity for you at Nationwide Mutual Insurance. As a Senior Actuary on our Life Pricing and Product Development team, you will play a crucial role in developing and implementing innovative life insurance products. We are seeking a highly skilled and motivated individual who is dedicated to delivering exceptional results and driving our business forward. Join us in protecting what matters most to our customers and make a meaningful impact on their lives.

  1. Develop and implement new life insurance products in collaboration with various teams, including product development, underwriting, and marketing.
  2. Conduct thorough analysis and research to inform pricing strategies for life insurance products.
  3. Utilize actuarial techniques and models to assess risk and make recommendations for product pricing and design.
  4. Monitor and evaluate market trends and competitor products to identify opportunities for product innovation and improvement.
  5. Lead and mentor a team of actuaries and analysts to ensure accurate and timely delivery of pricing and product development initiatives.
  6. Collaborate with cross-functional teams to ensure product offerings align with company goals and objectives.
  7. Communicate complex actuarial concepts and findings to non-technical stakeholders, including senior management.
  8. Ensure compliance with regulatory requirements and industry standards in all product development and pricing efforts.
  9. Continuously evaluate and improve pricing and product development processes and procedures.
  10. Stay updated on industry developments and changes in actuarial practices to maintain a high level of expertise in the field.
Where is this job?
This job opening is listed as 100% remote
Job Qualifications
  • Extensive Actuarial Experience: A Minimum Of 10 Years Of Actuarial Experience, Including At Least 5 Years In Life Insurance Pricing And Product Development.

  • Strong Analytical Skills: A Deep Understanding Of Actuarial Concepts And Techniques, As Well As The Ability To Analyze Complex Data And Make Strategic Recommendations.

  • Product Development Expertise: Proven Experience In Developing And Launching New Life Insurance Products, Including Knowledge Of Actuarial Pricing, Risk Management, And Product Design.

  • Leadership Abilities: Strong Leadership Skills And The Ability To Effectively Manage And Mentor A Team Of Actuaries, As Well As Collaborate With Cross-Functional Teams.

  • Actuarial Credentials: A Fellow Of The Society Of Actuaries (Fsa), With A Strong Understanding Of Actuarial Principles And Proficiency In Actuarial Software And Tools. Additional Certifications, Such As Chartered Enterprise Risk Analyst (Cera), May Also Be Preferred.

Required Skills
  • Product Development

  • Communication Skills

  • Project Management

  • Data Analysis

  • statistical analysis

  • Pricing strategy

  • Team Leadership

  • Risk assessment

  • Financial acumen

  • Actuarial modeling

  • Insurance Knowledge

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Life Pricing and Product Development Senior Actuary is between $130,000 to $175,000 per year. This can vary depending on factors such as location, experience, and specific job responsibilities. Some senior actuaries in this field may earn even higher salaries, up to $250,000 or more per year.

Additional Information
Nationwide Mutual Insurance is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedMay 16th, 2024
Apply BeforeJune 9th, 2026
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About Nationwide Mutual Insurance

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.

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