Actuarial Analyst III at Elevance Health performing diverse projects and complex actuarial studies. Collaborating with leadership on actuarial modeling and training of associates in a hybrid work environment.
About the role
- Senior Actuary managing Fixed Annuity Valuation for Pacific Life. Leading valuation initiatives and collaborating with internal stakeholders in a hybrid work environment.
Responsibilities
- Review quarterly and annual reserves and financial entries for Fixed Annuity products
- Lead validation of modeling enhancements and modifications, ensuring proper controls and processes aligned with MRM and ICFR guidance
- Direct the development of analytical tools to explain modeled results and drivers of movement
- Support quantitative analysis of model output and enhance reporting capabilities
- Lead implementation of regulatory changes
- Oversee assumption impact analysis and sign off the assumptions for Fixed products
- Provide support for Fixed reserve audit requests (e.g., Department of Insurance), and interface with auditors, state regulators, and examiners
- Support new product development and implementation
- Communicate and present financial results to management with clarity and appropriate depth; develop and recommend strategies to address issues and improve performance
- Collaborate with colleagues across departments and divisions; build strong relationships and provide actuarial expertise to internal stakeholders and corporate management
- Lead and develop a team of actuarial professionals by providing guidance, oversight, and mentorship
- Perform ad-hoc analysis and contribute to special projects as needed
Requirements
- Bachelor's degree in Mathematics, Economics, Finance, Actuarial Science, Statistics, or related degree
- Fellow of the Society of Actuaries (FSA) with 7+ years of experience
- Demonstrated initiative and ownership of responsibilities
- Strong problem-solving and communication skills
- Proficient in actuarial modeling software; experience with Poly Systems and Prophet is a plus
Benefits
- Health insurance
- 401k savings plan with company match and an additional contribution regardless of participation
- Paid time off including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
- Paid Parental Leave as well as an Adoption Assistance Program
- Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
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