Dedicated Life Actuary Associate to join Life Company’s Actuarial Modeling Team. Responsible for actuarial analyses for new products and existing product repricing.
Responsibilities
Performs moderately complex to complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
Responsible for data compilation, analytical support, and data integrity to include entering data and tables, running models, and generating reports.
Participates in developing recommendations for model adjustments and improvements, when appropriate.
Identifies and resolves issues pertaining to model projections and data analysis.
Navigates obstacles that arise to deliver the work product.
Serves as a resource to team members on escalated issues of a routine to moderately complex nature.
Serves as a key resource on projects involving cross functional actuarial areas.
Leads smaller projects through concept, planning, execution, and implementation phases with minimal guidance (i.e. leading annual assumption/ model updates).
Produces charts, tables, and reports to explain calculations and proposals.
Maintains and develops procedures supporting key processes, including but not limited to: actuarial models, tools leveraged in complying with laws and regulations, reports, etc.
Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
Identifies critical assumptions to monitor and suggest timely remedies to correct or prevent unfavorable trends.
Identifies sources of gain and loss by product and assumption with presentations to direct supervisor.
Tests impact of assumptions and the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.
Requirements
Bachelor’s degree OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree. (Total of 6 years of experience without bachelor’s degree)
2 years relevant actuarial, business or analytical experience.
Attainment of Society of Actuaries Associateship OR completed all requirements for attainment of their ASA except for attending the Associateship Professionalism Course (APC).
Experience in developing and delivering Innovative Actuarial Analyses/Processes leveraging programs such as Microsoft Excel, SAS, or other data analysis applications.
Experience leveraging actuarial projections to gain insights and recommendations to address business challenges.
Benefits
comprehensive medical, dental and vision plans
401(k)
pension
life insurance
parental benefits
adoption assistance
paid time off program with paid holidays plus 16 paid volunteer hours
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