Nationwide Sr Consultant, Pricing in Des Moines, Iowa

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Number 54 on the Fortune Magazine 100 Best Places to Work.

Acting as a senior consultant, provides analysis and direction, plans, coordinates and completes, pricing projects and initiatives that likely impact multiple business units/products or functional areas. These projects are strategic in scope and normally extend over several months/years. Procures appropriate resources under indirect authority to complete assigned tasks. Serves as the highest level subject matter expert on pricing and ratemaking policies, processes, data sources and templates/tools. Recognized across the organization for pricing and ratemaking expertise and sought as a resource for resolution of the most ambiguous challenges.

Job Description

Reports to: Director/Executive; may have up to 3 direct reports.

Key Responsibilities:

  1. Retrieves and manipulates data; accountable for suitability and accuracy of data.

  2. Proficient in advanced actuarial methodologies. Evaluates alternative methods for use; develops methods to deal with new situations.

  3. Conducts analyses that adhere to actuarial standards of practice: selects appropriate data sources and methods, makes assumptions, recognizes considerations and develops recommendations.

  4. Accountable for documentation of assumptions, methods, sources, considerations; organizes documents. Adheres to actuarial standards of practice.

  5. Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment.

  6. Accountable for communications that are suitable to the audience, concise, logical organizational and grammatically correct with minimum use of actuarial and insurance jargon. Sees that contextreflects appropriate analysis.

  7. Develops work plans to ensure timely completion of assigned tasks;monitors progress against work plan and takes action to meet plan


  1. Leverages relationships with business partners (Product, Systems, Regional Offices, Regulators, Project Team Members, etc.) to achieve routine and more complex assignments. As requested, oversees presentation preparation and/or makes presentations to Home Office, Regional, or other outside audiences.

  2. Builds and validates statistical/actuarial models to enhance rating and/or underwriting. Monitors the effectiveness of statistical/actuarial rating and/or underwriting models.

  3. Professionally represents company's position with regulators, auditors, external vendors; exercises good judgments and keeps manager informed. Negotiates within defined parameters as assigned.

  4. Applies appropriate data mining techniques to discover new relationships in the data. Identifies, evaluates and documents new techniques, methodologies and software to support research projects. Accountable for project plans to support research projects. Acts as the lead for key strategic research projects. Expert with statistical modeling software. Has practical experience in predictive modeling.

  5. Responsible for management of project team members over whom no direct authority applies. Acts as the lead for selected research projects. Proficient with statistical modeling software. Has practical experience in predictive modeling. Accountable for the use of sound statistical models and approaches. Participates, as assigned, in interdisciplinary teams as a team member or as a project leader.

  6. Performs other related duties as assigned.


Experience: Minimum ten years experience in a business unit (e.g., pricing, actuarial, product) or combined experience and educational equivalent.

Education: Bachelors degree (preferred) in actuarial science, business, finance, mathematics, statistics, economics or related field with a strong quantitative orientation.

Knowledge: Mastery of advanced actuarial methodologies and insurance concepts (perhaps evidenced by CAS designation). Displays command of legal and regulatory requirements in area of assignment as well as pricing procedures and methodologies.

Skills and Competencies: Demonstrated work product accuracy. Effective verbal/written communication skills; Demonstrated ability to comprehend actuarial concepts and other advanced statistical concepts; Demonstrated ability to think logically and perform actuarial methods in a timely manner. Ability toeffectivelyoperate personal computer and related spreadsheets and data base software.

Staffing Exceptions: Staffing exceptions to the above minimum job requirements must be approved by the: Pricing Officer/Executive and Human Resources.


Overtime Eligibility: Not Eligible (exempt)

Working Conditions: Normal office environment;extended and/or non-standard work hours based on project and service delivery needs. Travel as needed.

ADA: The above statements cover what are generally believed to the principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.

Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

Job Evaluation Activity: 7/2013 KLG

Additional Job Description

#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.

Job ID: 52637