Actuarial Specialist – EMCL

EMC Insurance Companies

9d•$85,799 - $130,394

About The Position

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together. Designs and executes high level actuarial processes involving valuation, financial modeling, and management information. Leads and participates on cross-functional teams. Develops and recommends actuarial tools and techniques to manager. Maintains, enhances, and documents actuarial tools and techniques required for project or production work. Assists with training team members on how to use actuarial tools and techniques. Essential Functions: Leads the analyzing and refining of EMCNL’s financial model by proposing implementing changes and ensuring changes are documented and tested. Leads the quarterly and annual financial projection project. Gathers information from investment and accounting teams. Enters information into financial model and run a series of projections. Analyzes results of project to make recommendation on necessary amount of additional reserves. Ensures the completion of financial and Asset Liability Management (ALM) projections using the financial model to project short- and long-term profitability Collaborates with manager on product development/pricing projects using actuarial modeling software AXIS Develops highly-automated tools and systems which maintain the data integrity necessary to produce accurate results while also maintaining the flexibility to report data broken down by many factors such as product, gender, underwriting class, face amount, etc. to help with mortality and lapse studies Develops and evaluates new and existing tools and works on projects to improve the management information capabilities of the actuarial team, such as data reporting. Analyzes data and provides report insights based on results to stakeholders throughout EMCNL. Makes recommendations based on analysis and communicates them as appropriate to EMCNL teams. Develops and recommends actuarial tools and techniques that support the actuarial process, such as evaluation and rate study. Leads and/or participates on cross-functional teams, such as the interest rate team and product implementation team Leads and conducts independent research and analysis and provides input and findings to various teams.

Requirements

Bachelor’s degree in actuarial science or math or related field
Five years of actuarial experience
4-5 exams or equivalent relevant experience
Excellent knowledge of statistics, probability and computer programming
Strong ability to perform modeling, pricing, financial reporting and reserving skills
Thorough knowledge of actuarial terminology, concepts and theory
Thorough computer skills, including knowledge of Excel and Word
Thorough knowledge of at least one computer language, such as R, SAS or SQL (SQL is preferred)
Excellent analytical, investigation and problem-solving abilities
Strong ability to effectively lead a team and special projects

Nice To Haves

Additional experience, exams or graduate level coursework may be considered in meeting the requirements

Responsibilities

Leads the analyzing and refining of EMCNL’s financial model by proposing implementing changes and ensuring changes are documented and tested.
Leads the quarterly and annual financial projection project.
Gathers information from investment and accounting teams.
Enters information into financial model and run a series of projections.
Analyzes results of project to make recommendation on necessary amount of additional reserves.
Ensures the completion of financial and Asset Liability Management (ALM) projections using the financial model to project short- and long-term profitability
Collaborates with manager on product development/pricing projects using actuarial modeling software AXIS
Develops highly-automated tools and systems which maintain the data integrity necessary to produce accurate results while also maintaining the flexibility to report data broken down by many factors such as product, gender, underwriting class, face amount, etc. to help with mortality and lapse studies
Develops and evaluates new and existing tools and works on projects to improve the management information capabilities of the actuarial team, such as data reporting.
Analyzes data and provides report insights based on results to stakeholders throughout EMCNL.
Makes recommendations based on analysis and communicates them as appropriate to EMCNL teams.
Develops and recommends actuarial tools and techniques that support the actuarial process, such as evaluation and rate study.
Leads and/or participates on cross-functional teams, such as the interest rate team and product implementation team
Leads and conducts independent research and analysis and provides input and findings to various teams.

Benefits

More than 105 years of financial strength and stability
Named a five-star insurance carrier by Insurance Business America
Two-time recipient of the Best Practices Award of Excellence from the Independent Agents & Brokers of America
Multiple locations recognized as Top Workplaces based solely on team member feedback
Corporate culture that engages and empowers team members to achieve their best
Outstanding benefits with life, medical, dental, vision and prescription drug coverage
Competitive paid time off plan and a full day of volunteer time off annually
Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards
Professional development and growth opportunities, including tuition reimbursement
Wellness initiatives to improve team member well-being and reduce health insurance costs
Flexibility to dress for your day and opportunities for alternative work arrangements