Actuary

Jackson•Lansing, MI

About The Position

Responsible for complex actuarial projects in product development, financial modeling, financial reporting, risk analysis, or data analysis, as applicable. Independently applies advanced actuarial principles in insurance and finance. In collaboration with technical teams, leads projects involving the development of actuarial models, databases, and methodologies. The role leads or contributes to team and cross-functional meetings, manages project priorities and deadlines with a manager, communicates analyses and project status, and prepares reports for senior management. It creates and maintains model documentation as needed, reviews changes to actuarial tools, and leads processes that produce actuarial outputs such as reserves, cash flow projections, product pricing, and experience data. The Actuary analyzes and validates output, improves methods and procedures, leads projects and assigns tasks, mentors junior associates, and serves as an expert resource in selected regulatory, professional, or technical areas. The position requires a bachelor's degree in a related field and either 5+ years of actuarial experience with an FSA or 8+ years with an ASA. Preferred qualifications include 7+ years with an FSA or 10+ years with an ASA, life and annuity experience, and continued efforts toward an FSA. Jackson is an equal opportunity workplace, and its facilities and campuses are tobacco-free.

Requirements

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or a related field.
Either 5+ years of actuarial experience and an FSA, or 8+ years of actuarial experience and an ASA.
Advanced knowledge of actuarial mathematics and concepts, with the ability to lead others in applying them.
Advanced knowledge of one or more insurance product lines, such as life or annuities.
Expertise in at least one key actuarial field: pricing, financial reporting, data analysis, or modeling; general understanding of at least one other key field.
Expert knowledge of at least one actuarial application used by Jackson, such as SAS, Python, or ALFA.
Ability to train associates in Jackson actuarial applications and guide others in following processes and running actuarial models or programs.
Ability to communicate effectively in writing and verbally with actuarial associates at all levels, cross-functional teams, and external parties.
Ability to write formal reports for senior actuarial management and other functional teams.
Ability to lead and contribute value in cross-functional meetings.
Ability to manage multiple projects, meet deadlines, and prioritize work with minimal guidance.
Ability to organize and lead projects.
Ability to perform manager-level review of processes and implementations of changes to actuarial tools.

Nice To Haves

7+ years of actuarial experience and an FSA, or 10+ years of actuarial experience and an ASA.
Life and annuity experience.
Continuing efforts to pursue Fellow of the Society of Actuaries (FSA).

Responsibilities

Participate in or lead small-team, cross-functional, and senior-management meetings.
Manage time and work with a manager to set priorities and deadlines and communicate project status.
Communicate with peers, managers, and senior management using oral and written channels, including email and Microsoft Teams.
Assist with communications involving external parties.
Prepare reports presenting analyses to senior management.
Create and maintain model documentation in accordance with Jackson’s Model Risk Management Policy, as needed.
Recommend and provide manager-level review of assigned changes to the coding and structure of actuarial tools.
Lead production processes for actuarial outputs, including calculated reserves, cash flow projections, product pricing, and experience data.
Analyze and validate actuarial output.
Improve methods and procedures to enhance efficiency and controls.
Lead small-team and cross-functional projects, develop project plans, and assign tasks.
Mentor junior associates on technical topics and train them to perform processes.
Serve as an expert resource in selected regulatory, professional, or technical areas.
Perform other duties and projects as assigned.