Actuarial Associate - Risk and Planning

Security Benefit • Overland Park, KS

3d • Hybrid

About The Position

As an Actuarial Associate, ERM & Planning, you will serve as the core production resource within the Risk & Planning actuarial cluster. Your primary responsibility will be developing, maintaining, and executing Prophet-based financial projection models. These models are crucial for supporting the Company’s Own Risk and Solvency Assessment (ORSA), CISSA filings, capital planning, and enterprise stress testing activities across Security Benefit Life and an offshore reinsurer. You will independently manage day-to-day production timelines, working closely with the part-time Associate Actuary. The modeled outputs will be delivered to the Senior ERM Analyst for integration into the ORSA report, which is ultimately reviewed by the ERM Committee and signed by the VP & Chief Risk Officer.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
• ASA designation or demonstrated exam progress toward ASA.
• 3+ years of actuarial experience, preferably in financial modeling, financial projections, asset-liability management (ALM), valuation, or related actuarial functions.
• Strong production ownership: manages modeling workload independently and meets deadlines without requiring daily oversight.
• Strong technical communication skills: translates actuarial model results into clear summaries for the Actuary and CRO.

Nice To Haves

• Experience with actuarial projection and financial modeling software, including Prophet or similar platforms.
• Familiarity with ORSA, CISSA, stress testing, capital planning, and enterprise risk management concepts.
• Knowledge of life insurance and annuity products, including fixed and indexed annuities.
• Programming experience with Python, SQL, VBA, or similar analytical tools.
• Exposure to multi-entity, reinsurance, captive, or offshore insurance structures including BMA and CIMA-regulated entities.

Responsibilities

• Develop, maintain, and execute complex Prophet-based financial projection models supporting ORSA, CISSA, capital planning, and enterprise risk management activities across Security Benefit Life and the offshore reinsurer.
• Own day-to-day execution of multi-year financial projections, stress testing scenarios, and capital adequacy analyses — maintaining progress and meeting deadlines independently, including on days when the part-time Associate Actuary is not scheduled.
• Perform asset-liability management (ALM) analyses by incorporating asset projections, reinvestment strategies, and investment assumptions into enterprise financial projections.
• Prepare and validate economic scenarios, model inputs, actuarial assumptions, model point files, and actuarial tables; evaluate the impact of market, interest rate, credit, and policyholder behavior risks on financial results, capital adequacy, and RBC metrics.
• Produce actuarial projection outputs for the annual ORSA filing for SBL and the offshore reinsurer, delivering modeled results to the Senior ERM Analyst on schedule for report integration.
• Translate complex modeling outputs into clear, decision-ready summaries for the Actuary and CRO ahead of ERM Committee review.
• Coordinate with cross-functional partners including Finance, Investments, and Legal to obtain accurate inputs and align on planning assumptions; escalate modeling issues, timeline risks, or assumption conflicts to the Actuary, ERM & Planning in a timely manner.
• Improve modeling efficiency through automation and process enhancements; create and maintain clear model documentation supporting team continuity, knowledge transfer, and audit readiness.

Benefits

• Competitive salary and annual incentive bonuses
• 33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance)
• Paid parental leave after 90 days of service
• Comprehensive medical, dental & vision insurance
• 401(k) with company match
• Profit Sharing & Savings Plan
• Short- and Long-Term Disability Insurance
• Flexible Spending Accounts for medical and dependent care
• Life Insurance
• Educational assistance
• Associate assistance programs

What This Job Offers

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