Senior Actuarial Consultant - Group Health and Employer Stop Loss Valuation - REMOTE
Nationwide (US) · Remote · Columbus, United States · 22d ago
Nationwide Financial is seeking a Senior Actuarial Consultant, to join the Valuation team supporting our growing Group Benefits business. This role focuses primarily on Group Health and Employer Stop Loss valuation, with the opportunity to influence how actuarial insights support business strategy, financial reporting, and continued growth.
The position will analyze claims data, establish reserves, and communicate actuarial conclusions to business leaders and cross-functional partners. The portfolio includes traditional Stop Loss, level-funded Stop Loss, captive Stop Loss, and other Accident & Health and Life products.
What you’ll do
Perform monthly and quarterly claims analysis, loss valuation, and reserve calculations.
Construct, maintain, and enhance actuarial projection, valuation, and financial reporting models.
Support statutory valuation activities, as well as reinsurance analysis and pricing.
Analyze complex data sets and product calculations to identify trends, risks, and opportunities.
Develop clear recommendations and communicate technical concepts—including reserving actions—to business leaders and other stakeholders.
Lead or contribute to cross-functional peer reviews that strengthen quality, collaboration, and innovation.
Build relationships with Reserving, Finance, IT, Underwriting, Reinsurance, and business teams.
Support onboarding and training for new associates and help develop practical training materials.
Why this opportunity matters
Nationwide is investing in the growth of its Group Benefits platform. This role offers meaningful visibility with senior leadership and the opportunity to help shape valuation, reporting, and business processes as the portfolio grows and systems continue to evolve.
You’ll be part of a collaborative actuarial environment where strong actuarial judgment is valued—not only for technical analysis, but also for helping leaders understand the performance and direction of the business.
Preferred Skills and Experiences:
Previous Employer Stop Loss or Group Health valuation experience is preferred, but not required.
Approximately five to seven years of actuarial experience.
An ASA or comparable Associate-level actuarial credential; candidates progressing toward FSA are encouraged to apply.
Experience in actuarial valuation and loss reserving, financial reporting, or related insurance analytics.
Strong proficiency in Microsoft Excel and comfort working with Excel-based actuarial models.
The ability to explain complex actuarial concepts clearly to technical and nontechnical audiences.
A collaborative, self-directed approach and the ability to make sound decisions in an evolving business environment.
We will also consider strong actuarial professionals with transferable valuation or reserving experience in other insurance product areas.
Experience with Power BI or similar data visualization tools is a plus.
Candidates who want to continue their actuarial development may participate in Nationwide’s Actuarial Development Program.
Work location
This role may be staffed fully remotely.
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Job Description Summary
Our Nationwide Financial (NF) 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 an Actuarial Senior Consultant, you’ll need to have detailed familiarity with business operations, systems, and actuarial methodologies. We’ll count on you to be adept at sophisticated actuarial techniques and work independently to combine advanced actuarial and business knowledge to provide high-level analysis. Additionally, you’ll provide consultation and recommendations on deliverables and maintain detailed documentation of actuarial models and analyses. You’ll work independently and may lead others.
Job Description
Key Responsibilities:
Compiles, categorizes, and analyzes sophisticated data sets.
Builds complicated testing tools and conducts detailed analysis of product calculations.
Constructs, maintains, and performs Actuarial, Projection, and Valuation Models.
Builds financial reporting tools and completes analysis.
Prices and implements products.
Conducts complicated risk analysis.
Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.
Performs reinsurance analysis and pricing.
Crafts effective communication strategies and recommendations to leadership. Develops supporting documentation.
Leads cross functional peer reviews to increase collaboration, ensure quality work, and drive innovation.
Builds business relationships and leads cross functional communication with team members, customers, and business partners.
Leads onboarding and training for new associates on standard work processes. Assists in creating new training materials.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to an Actuarial, Analytics, or Risk Management 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: Generally attained ASA and is actively enrolled in the Actuarial Development Program; working towards FSA or recently attained FSA. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.
Experience: Typically, four to seven years of actuarial experience.
Knowledge, Abilities and Skills: Proven knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Should have basic competencies including: command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Should have highly-developed competencies for: business understanding, problem solving, customer focus, dealing with ambiguity, drive for results, and learning ability.
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.
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 10/02/2026. 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. To learn more about the benefits we offer, click here.
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.#actuarialSmoke-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 Sr Consultant, Actuarial - NF : $118,000.00-$222,000.00The expected starting salary range for Sr Consultant, Actuarial - NF : $118,000.00 - $178,000.00