Hybrid Life Actuary Associate – Life Actuarial Modeling

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About the role

  • 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
  • various wellness programs
  • career path planning and continuing education

Job title

Life Actuary Associate – Life Actuarial Modeling

Job type

Experience level

JuniorMid level

Salary

$93,770 - $179,240 per year

Degree requirement

Bachelor's Degree

Location requirements

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