Actuarial Student

Home Office Careers•Rock Island, IL

9d•Hybrid

About The Position

Actuarial Student Put your analytical skills to work while building a rewarding actuarial career. As an Actuarial Student, you will support meaningful modeling projects, analyze data, validate results, and collaborate with experienced actuaries while continuing progress toward Society of Actuaries membership. Our student program includes on-the-job study time, raises, and bonuses based on exam progress. This role is a great opportunity for a motivated, meticulous, and analytical person to gain hands-on insurance industry experience and contribute to work that supports Modern Woodmen’s financial strength and member-focused mission. Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion assets. Fraternals are unique membership organizations that pair the “member-owned” characteristic of a mutual insurance company with the “social mission” characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Requirements

Bachelor’s or graduate degree with quantitative science emphasis. Actuarial science, mathematics, statistics, or other quantitative finance discipline preferred.
Credit for two Society of Actuaries Associateship exams.
Insurance industry internship or related experience is preferred.
Demonstrated technical or organizational proficiency.
Microsoft Office experience
Demonstrated familiarity with quantitative analysis applications including database query language(s), programming language(s), actuarial modeling software, reserving systems, and other analytical tools.
Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

Responsibilities

Become knowledgeable on actuarial modeling, valuation, and other actuarial financial reporting principles, including product and asset calculations.
Implement new products and factor changes into modeling and valuation systems.
Run models and valuation programs, prepare valuation summaries, and assist with static and dynamic model validation.
Provide support for staff actuaries with asset modeling and other actuarial analysis.
Prepare statistical, product and membership demographic reports.
Coordinate model and valuation system changes and implement new or revised reports as needed.
Audit and verify certificate rates, calculated values, administrative system values, and data involved in periodic statutory valuations.
Assist staff actuaries in performing experience studies to help develop or update model assumptions and support product analysis.
Provide analytic support for other departments as needed.
Recommend improvements to model governance and control procedures.
Support the functions performed by the Actuarial Services section.
Meet exam and education progress requirements to maintain membership in the actuarial career program.

Benefits

On-the-job study time
Raises based on exam progress
Bonuses based on exam progress
Vacation
Sick leave
11 paid holidays
Educational offerings
Company-paid retirement plan
Matching 401(k) plan
Employee Impact Bonus
Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
Group term life insurance.
Long-term and short-term disability.
Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance