As a team member in the Finance department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor, Internal Audit, and so much more. 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.

Enjoy the vibrant energy of the Arena District, working in-office 2 days a week.

In this role, you will work both independently and as part of a team to configure OIPA (Oracle Insurance Policy Administration) for Nationwide’s life insurance products. Your daily responsibilities will include translating complex calculations and business requirements into precise OIPA configurations.

Key Responsibilities:

OIPA Configuration:Translate business requirements and calculations into OIPA configurations.Ensure accuracy and efficiency in configuration processes.Collaboration and Problem Solving:Work closely with team members to solve complex problems.Collaborate effectively to ensure seamless integration of configurations.Agility and Innovation:Adapt quickly to changing requirements and priorities.Bring innovative and creative solutions to the table.Strategic Thinking and Independence:Think strategically to align configurations with business goals.Work independently, identifying and prioritizing tasks without constant supervision.Passion for Problem Solving and Mathematics:Demonstrate a strong passion for solving problems.Utilize mathematical skills to ensure precise and accurate configurations.

Qualifications:

Technically focused with a creative and innovative mindset.Strong strategic thinking and problem-solving abilities.Ability to work independently and proactively.Passion for mathematics and its application in technical configurations.Coding skills in SQL or XML is a plus

This role does not qualify for employer-sponsored work authorization.  Nationwide does not participate in the Stem OPT Extension program.

Internal Note: Compensation Grade F5

Job Description Summary

Our Nationwide Financial Actuarial organization uses state-of-the-art tools and is 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 Configuration Specialist, you’ll translate business requirements into new functionality. You’ll work with Actuarial, Technology and Product Development to configure life insurance products on the Life Administration System (OIPA).

Job Description

Key Responsibilities:   

Analyzes, designs, and then enters configuration rules, including unit testing, based on the defined business requirements.

Configures and codes functionality for features that are new to the system.

Applies actuarial concepts to configuration and coding.

Configures and codes product features based on product specifications (e.g., calculations).

Analyzes and loads product rates and updates parameters.

Supports the testing of configuration rules.

Maintains and updates the rules palette.

Configures access and security rules.

Provides configuration support for monthly production implementation releases.

Partners with business and technology professionals to build dashboards, custom objects and ensure integration points are supported.

Utilizes large databases to create visualizations for analysis of actuarial concepts such as policy holder behavior.    

May perform other responsibilities as assigned.  

Reporting Relationships: Reports to Manager/Director.

Typical Skills and Experiences:   

Education: Undergraduate degree in actuarial science, mathematics, statistics, computer science or related field requiring modeling, programming or quantitative analysis preferred.

Experience: Four or more years of systems / actuarial experience (including configuration) with a focus on calculations and actuarial concepts, and strong business acumen.  Financial or insurance experience a plus. Experience in Oracle Insurance Policy Administration (OIPA) configuration is strongly preferred. Experience with actuarial concepts and calculations, XML, SQL SoapUI, Excel, and VBA preferred.

Knowledge, Abilities and Skills: Knowledge of actuarial business functions, statistical methods and actuarial systems including database and integration. Solid communication, problem solving and priority setting skills.

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 Resource Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:   

Overtime Eligibility: Not Eligible (Exempt).

Working Conditions: Hybrid to 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. 

#LI-AP1

#LI-Hybrid

We currently anticipate accepting applications until 03/05/2025. 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

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.

The national salary range for Specialist, Configuration - Actuarial : $84,000.00-$173,000.00

The expected starting salary range for Specialist, Configuration - Actuarial : $93,500.00 - $139,500.00