Analyst V, Actuary (Madison, WI - Hybrid)

TruStage•Winnipeg, SD

2d•Hybrid

About The Position

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition The Preplanning Solutions Valuation department is primarily responsible for determining the value of insurance liabilities and assets according to regulations to ensure the solvency and financial health of the Preplanning Solutions entities. In this role, you have the responsibility for developing and maintaining actuarial valuation reporting processes on a GAAP, STAT, Tax and Economic basis, following industry best practices. You will interact with professionals developing and supporting TruStage Preneed products, establish valuation and projection assumptions, perform reinsurance administration, and detailed policy value calculations. This role will require frequent collaboration with other departments including Accounting, Finance, Customer Service, Legal, Compliance, external Reinsurance Partners, and other professional actuaries across the company. The position will be engaged as a leader, developer, and participant in various company projects and departmental process improvement initiatives. The position has significant freedom to conduct analysis and develop solutions to actuarial issues. The primary purpose is to conduct analysis, and communicate conclusions of analysis, helping to drive desired business performance. The position requires the ability to communicate complex analysis and conclusions to business leaders, assisting those leaders in taking appropriate actions to meet company financial objectives. This position has regular interaction with external audiences in support of filings, financials, or audits, and occasional contact with customers.

Requirements

Bachelor’s degree in actuarial science, statistics, mathematics or a related field.
Six-plus years of experience in actuarial setting with progressive responsibilities.
FSA or FCAS Level or equivalent.
Broad knowledge or insurance operations and products and emerging issues.
Ability to communicate technical concepts to non-technical audiences in an informal setting.
Ability to interact with other functional areas as required.
Ability to pay attention to detail, produce accurate results and develop self-validation skills.
Strong organization and time management skills.
Ability to handle multiple priorities and tight deadlines.
Ability to work independently or as part of a team.
Ability to develop and use collaborative relationships to facilitate the accomplishment of work goals.

Responsibilities

Sets expectations for actuarial model capabilities, identify model data needs and available sources.
Set assumptions and oversee experience studies, analyze and interpret financial results, and communicate with financial leadership.
Develop new & creative solutions to actuarial issues.
Operate with a process improvement mindset.
Conduct independent analysis and draw conclusions & make recommendations.
Serve as actuarial viewpoint expert in a wide variety of actuarial subjects, and in company, industry and regulatory practices.
Provide effective interaction with leadership of Finance, Accounting, IT, Underwriting, Claims and other units as required by particular project.
Provide effective interaction with external audiences in support of filings or audits, and occasional contact with customers, mostly internal.
Impacts the achievement of customer, operational, project or service objectives.
Actuary Projects Communicates difficult concepts and negotiates with others to persuade a different point of view.
The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.