Actuary, Corporate Development

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.

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. 

 

Job Description Summary

As a member of the Corporate Development team, you will play a critical role in evaluating and executing opportunities that support Nationwide Financial’s inorganic growth strategy, including mergers & acquisitions and block reinsurance transactions. In this highly collaborative and strategic role, you will partner closely with Line of Business (LOB) leaders, Finance, Legal, Investments, Tax, and Risk, as well as external advisors and partners, to ensure accurate, insightful, and integrated deal assessments and execution. This role offers the opportunity to influence high‑visibility decisions, drive enterprise value creation, and contribute meaningfully to Nationwide’s long‑term growth ambitions

Reporting Relationships

Reports to VP, Financial Services Actuary – Corporate Development

Responsibilities

• Perform actuarial pricing, modeling and structuring activities for corporate development opportunities.
• Conduct transaction due diligence and risk assessment by analyzing actuarial appraisals, statutory filings, assumption documentation, policy forms, asset portfolios listing, existing reinsurance arrangements and other relevant materials.
• Develop and maintain robust financial models and forecasts to evaluate transaction economics, profitability metrics, tax effects and capital implications.
• Establish baseline assumptions and perform sensitivity analyses to identify key risks and provide actionable insights for decision-making.
• Partner with internal cross-functional teams (LOB, Finance, Legal, Investment, Tax, and Risk) as well as external consultant and legal counsel throughout the deal process to make sure deal assumptions and treaty terms are accurately reflected and aligned with strategic objectives.
• Prepare deal materials for executive committees and clearly communicate results and recommendations to senior management, supporting informed and timely strategic decision‑making
• Prepare comprehensive pricing and risk analysis reports summarizing findings, assumptions, methodologies, risks and recommendations, ensuring compliance with ASOPs and internal standards
• Assist in treaty negotiations by evaluating NGE governance language, trust and collateral requirements, investment guidelines, recapture provisions, and other key contractual terms
• Build proof-of-concept models for new corporate development opportunities or innovative reinsurance solutions.
• Develop and refine analytical tools, templates, and processes to enhance transaction evaluation efficiency.
• Participate in special projects, including initiatives related to balance sheet optimization, market intelligence, and other strategic priorities.

Qualifications

• Bachelor’s degree in Mathematics, Finance, Statistics, Actuarial Science, or related field.
• FSA designation

Experience & Skills

• 6+ years of actuarial experience in the insurance or reinsurance industry
• Advanced knowledge of financial reporting and insurance accounting under multiple regimes, including US GAAP, US Statutory, US Tax, and Bermuda EBS
• Strong analytical, investigative, and problem-solving skills
• High attention to detail while maintaining a big-picture perspective
• Self-starter with intellectual curiosity; ability to navigate ambiguity and seek solutions without perfect information under some guidance
• Ability to manage multiple projects under tight deadlines
• Ability to work independently and collaboratively, making informed recommendations under pressure
• Excellent oral and written communication skills, capable of conveying complex actuarial concepts to diverse stakeholders
• Advanced technical skills in Excel/VBA and database applications
• Experience and knowledge with asset features, asset modeling (AXIS or MG-ALFA) and ALM techniques is highly preferred
• M&A transactions and corporate development experience is highly preferred
• Strong understanding of universal life products (UL, ULSG, IUL, VUL), including product features, pricing, financial reporting (Statutory & GAAP), and source of earnings analysis is highly preferred

Location

It is our intention to fill this role in Columbus, Ohio. However, applications from candidates working remotely who bring critical industry skills and relevant experience may be considered. 

Internal Compensation Grade: H4

#LI-KD1

Job Description Summary

Our Nationwide Financial 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 Actuary, you’ll show a mastery of business operations, systems and actuarial methodologies. You will provide leadership, direction and oversight for the performance of sophisticated actuarial techniques and procedures and risk analysis. In addition, you’ll develop a strategic vision for the team to ensure efficient, consistent and integrated data and analysis. We’ll count on you to provide business recommendations that are crucial to the success of Nationwide and the protection we provide our customers. You’ll need to work independently and may directly or indirectly lead others.

Job Description

Key Responsibilities:

• Acts as a specialist for compilation, categorization and analysis of data.

• Constructs sophisticated testing tools and product calculations.

• Builds, maintains and computes Actuarial, Projection & Valuation Models.

• Conducts financial reporting and analysis.

• Prices and supports implementation of products.

• Conducts risk analysis for lines of business/products.

• Establishes reserves and other valuation items under multiple accounting regimes (statutory, GAAP, and tax) for products.

• Leads and provides experienced knowledge for the analysis of reinsurance opportunities.

• Builds cohesive presentations, communication strategies and recommendations of actuarial findings that are suitable for technical and non-technical audiences at the OCFO leadership level.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial 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: FSA required. PLEASE REFER TO THE NATIONWIDE LIFE INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience: Typically, five to seven years of actuarial experience.

Knowledge, Abilities and Skills: Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Mastery of Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages. Basic level of organizational agility and conflict management. Proficient level of command skills, strategic agility, delegation, motivating others, business perspective, and accounting. Mastery level of perspective, problem solving, customer focus, dealing with ambiguity, drive for results, analysis, learning.

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 Human Resources Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not eligible)

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 05/07/2026. 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.

#actuarial

Smoke-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 Actuary, NF : $138,000.00-$243,000.00

The expected starting salary range for Actuary, NF : $138,000.00 - $206,000.00