Actuarial Analyst

Western & Southern Financial Group•Cincinnati, OH

2d•Onsite

About The Position

Provides and verifies data and actuarial reports necessary for product and financial management utilizing actuarial principles and mathematical analysis. Works with some supervision and is responsible for making a minimal range of decisions, escalating to AVP when appropriate and updating AVP on a regular basis. Correctly applies actuarial principles to practical problems.

Requirements

Bachelor's Degree In mathematics or related field - Required
Proven experience in exercising good judgment, problem-solving skills and time management skills. - Required
Demonstrated experience setting professional goals and successfully implementing and achieving those goals. - Required
Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions. Applies principles of logical thinking to define problems, collect data, establish facts and draw valid conclusions. - Required
Demonstrated excellent verbal and written communication skills with the ability to successfully interpret and communicate complex business needs with internal and external partners in a clear, focused and concise manner. Prepares correspondence, reports and forms. - Required
Demonstrated ability to work independently, maintaining self-motivation, under limited supervision. - Required
Cite examples of working effectively as part of a team. - Required
Proficient in Microsoft Office products. - Required
Commitment to learn actuarial software packages such as those used for valuation (ARCVal), experience studies (ARCBase) and/or pricing and projections (MG-ALFA). - Required
Commitment to learn the companies' policy administrative systems: how they work and how to extract data from them. - Required
Actively pursue FSA designation by attempting a Society of Actuaries exam at each sitting. Upon Hire - Required
Passes at least 50% of the exams attempted. Upon Hire - Required
Adheres to all other Actuarial Exam and other administrative rules. Upon Hire - Required

Responsibilities

Gathers, organizes and formats data from various sources, reviews for reasonableness and provides this data for internal and external use.
Applies mathematical, statistical and technical skills to analyze data and reports.
Ensures accuracy of calculations and statistical analysis despite time constraints.
Answers mathematical, financial and/or product-related questions from other departments.
Learns and applies Company and departmental work standards, including those for documentation, functions and interrelationships of departments.
Obtains, verifies and organizes Company experience to be used in product development, financial reporting, forecasting and/or industry surveys.
Assists in the development and modification of complex technical programs, applying formulas and methods to analyze products, calculate reserves, project financial results and/or assess profitability and risk.
Implements actuarial measures with guidance. Verifies accuracy and maintains documentation.
Executes pricing, valuation and asset-liability runs, selecting the correct model and input data and ensuring internal consistency of all assumptions, product features and in-force data.
Reviews for reasonableness and assists in analyzing results.
Documents projects in writing in accordance with established guidelines.
Performs other duties as assigned.
Complies with all policies and standards.