Actuarial Analyst - Pricing

Group 1001 • Zionsville, IN

9h • Hybrid

About The Position

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. Why This Role Matters: We are inviting Society of Actuaries members with the ASA designation to join the Group 1001 as an Actuarial Analyst on our Annuity Pricing team. This actuarial analyst plays a key role on our pricing team building and maintaining models for new product development, product management, and regulatory needs. We offer a very successful student actuarial program. This is a great opportunity to continue progress towards the FSA designation through the support of Actuarial Student Program. Our rotation program offers you the environment to build and develop competencies in roles across functional areas gaining product knowledge in our life and annuity business. This is a hybrid position and requires a minimum of 2 days in our Zionsville, Indiana corporate office. How You'll Contribute: Build, maintain and enhance actuarial models and processes for various purposes (primarily pricing, rate setting, and model development) in support of corporate objectives, regulatory needs, and product management. Produce, summarize, analyze and communicate results including the implications of the results to other relevant work Provide peer review as requested. Design, test, and review model enhancements in support of new product features, new or updated product assumptions, new model versions and techniques, and/or other business requirements. Continually improve processes related to data quality and model efficiency and effectiveness. Ensure adequate governance and documentation of actuarial processes. Collaborate with cross-functional individuals throughout the organization to optimize results. Handle ad-hoc requests and special projects as needed. Continue progress towards FSA designation offered by Society of Actuaries through company supported Actuarial Student Program.

Requirements

• Bachelor’s degree in actuarial science, finance, economics, math, statistics, physics, engineering or related field.
• A minimum of 2+ years actuarial experience in a professional
• Society of Actuaries ASA designation
• Strong analytical, organizational, communication (oral/written), project management, and solution finding skills.
• Proficiency in Excel (including VBA) and database tools (Microsoft Access, SQL, Python, Power BI, etc.)
• Self-starter with the ability to balance multiple projects and priorities and meet deadlines.

Nice To Haves

• Experience with actuarial software (ALFA, Triton, and/or CASE preferred).

Responsibilities

• Build, maintain and enhance actuarial models and processes for various purposes (primarily pricing, rate setting, and model development) in support of corporate objectives, regulatory needs, and product management.
• Produce, summarize, analyze and communicate results including the implications of the results to other relevant work
• Provide peer review as requested.
• Design, test, and review model enhancements in support of new product features, new or updated product assumptions, new model versions and techniques, and/or other business requirements.
• Continually improve processes related to data quality and model efficiency and effectiveness.
• Ensure adequate governance and documentation of actuarial processes.
• Collaborate with cross-functional individuals throughout the organization to optimize results.
• Handle ad-hoc requests and special projects as needed.
• Continue progress towards FSA designation offered by Society of Actuaries through company supported Actuarial Student Program.

Benefits

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level