Actuarial Associate
About The Position
The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years. While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world. We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours!
Requirements
- BA or BS degree in Mathematics, Statistics, Economics or Actuarial Science
- At least one actuarial exam
- Actuarial software experience, especially AXIS Actuarial modeling system preferred
- Knowledge of insurance industry
- Good math skills
- Ability to quickly learn new concepts and apply that knowledge to solve problems
- Strong communication skills and business judgment
- Authorization to work in the United States is required
- This position is not eligible for visa sponsorship.
Nice To Haves
- Long Term Care or Annuity statutory valuation experience is a plus.
- 2+ years of related responsible actuarial and insurance industry experience or equivalent combination of training and experience preferred.
- LTC experience is helpful but not required
- ASA preferred
Responsibilities
- Assists with a variety of actuarial tasks including financial reporting (quarterly and annual statements), experience studies (i.e., mortality, lapse, etc.), product development, policy illustrations and various policy values calculations (i.e., cash values, reserves, dividends and premiums).
- Annuity and AandH/ Long Term Care statutory and IFRS valuation (including formula reserves, first principles reserving and cash flow testing. Long Term Care or Annuity statutory valuation experience is a plus).
- Assists with Life insurance quarterly and annual valuation.
- Uses modeling software to assess risk and provide management information in support of product development, valuation, and ALM efforts.
- Performs actuarial research, audits, experience studies, statistical analysis and calculations.
- Provides support to policyholders, including answering questions and relaying information.
- Directs or provides manual calculation support to the administrative system.
- If on Exam Track: prepares and sits for actuarial exams. Passes exams to meet minimum Program requirements for exam progress.
Benefits
- 13 paid holidays per year in addition to vacation and paid sick leave
- flexible workweek schedules
- Certifications, designation, and tuition reimbursement
- 401(k) retirement savings plan with matching company contributions
- cash balance retirement plans fully funded by the company
- Short-term disability and term life insurance fully paid for by the company
- Up to 12 weeks of childbirth leave under STD policy.
- One week of fully paid parental leave for all new parents, including adoptive and foster parents.
- A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions.
- Long-term disability insurance
- Dental insurance
- Vision insurance
- Health club membership reimbursement
- Employee Assistance Program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
