Actuarial Analyst 2

Sammons Financial Group•Chicago, IL

About The Position

The Actuarial Analyst 2 provides technical and analytical support to internal and external customers. The role creates, maintains, and uses spreadsheets and database tools to calculate, analyze, and report results for actuarial-related processes; researches calculation issues; and supports special projects. The analyst develops an understanding of relevant actuarial concepts, requirements, and business processes, and incorporates product features, reporting requirements, calculations, and controls into analytical and reporting tools. The position maintains and enhances spreadsheet, software, and database tools; prepares and reviews data; generates reports and conducts analysis and reasonableness checks; and communicates results to stakeholders. It also performs detailed manual calculations to support actuarial, product, and policy work, participates in relevant meetings, and helps automate departmental processes. The analyst plans work against team priorities, completes projects accurately and on time, maintains internal and external business relationships, and embraces Sammons Financial Group Companies’ shared values. Regular attendance is required. Other duties may be assigned.

Requirements

Bachelor’s degree in Mathematics, Computer Science, Business, or equivalent is preferred.
Minimum 2–3 years of work experience in data analytics; a background in life insurance or annuities is preferred.
Mathematical ability, strong analytical skills, and attention to detail.
Skill in Excel, Access, and Word.
Strong verbal and written communication skills.
Ability to develop basic knowledge of the insurance industry and learn Sammons Financial Group Companies products and actuarial concepts.
Ability to research and provide insights.
Ability to work independently and as part of a team.
Ability to manage projects.
Curiosity, strong problem-solving skills, and ability to multitask.
Flexibility and adaptability to changing priorities.
Self-motivation and ability to work independently and effectively under deadline pressures.
Criminal background check required.

Nice To Haves

Familiarity with Visual Basic and macros.
Background in life insurance or annuities.
Bachelor’s degree in Mathematics, Computer Science, Business, or equivalent.

Responsibilities

Provide technical and analytical support for internal and external customers.
Create, maintain, and use spreadsheets and database tools to calculate, analyze, and report results for actuarial-related processes.
Research and analyze information to address calculation issues.
Develop an understanding of actuarial concepts, requirements, and relevant business processes, and incorporate product features, reporting requirements, calculations, and controls into assigned tools.
Maintain, develop, or enhance spreadsheet, software, and database tools used to manage, analyze, and report data; ensure accuracy and efficiency; and document tools and processes.
Gather and prepare data, review it for reasonableness, generate reports, conduct analysis and reasonableness checks, and communicate results to stakeholders.
Create, maintain, and enhance calculation spreadsheets used to validate or supplement actuarial-related or system-generated values.
Perform detailed and complex manual calculations to support actuarial, product, and policy work for other departments.
Represent the Department in relevant meetings and communicate technical actuarial information or related processes to team members.
Recommend and automate departmental processes to improve efficiency and accuracy.
Participate in or complete special projects and initiatives as required.
Plan and prioritize work in accordance with team or department objectives; complete projects on time and to high standards of accuracy.
Develop and maintain effective business relationships with internal and external stakeholders.
Maintain regular attendance as required by company policy and perform other duties as assigned.

Benefits

Comprehensive medical, dental, and vision coverage, with HSA and FSA options and term life insurance.
Performance-based incentive program tied to clear goals and individual and/or company success.
100% company-funded Employee Stock Ownership Plan (ESOP).
Automatic enrollment in a 401(k).
Friday afternoons off year-round.
Generous paid time off and paid holidays.
Paid development time and tuition reimbursement.
Professional development opportunities across industry, individual, and leadership programs.
Volunteer time off.
Company nonprofit matching gift program.