Senior Actuarial Consultant - Group Health and Employer Stop Loss Valuation - REMOTE

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.

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.
• 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!

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.