Assistant Actuary- Modeling

Ameritas • Cincinnati, OH

108d

About The Position

Ameritas is looking for our next Assistant Actuary-Modeling to join our Corporate Actuarial modeling team. This position is a department subject matter expert on actuarial model development and applications. This detail-oriented, results-driven individual will have advanced knowledge of industry practices and standards and assume the lead in the assigned responsibilities. This position is essential for the company's management of risk and to assure the appropriate level of profitability. This position is responsible for providing actionable information that enables good business decisions along with designing and managing project initiatives and business processes within job area.

Requirements

• Bachelor’s in Actuarial Science, Mathematics Statistics or related field or equivalent work experience
• 2-4+ years of actuarial modeling experience, preferably with indexed life and/or annuity with living benefit experience
• Prophet software knowledge strongly preferred
• Associate or Fellow of the Society of Actuaries designation. Member of the American Academy of Actuaries.
• Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry
• Ability to accurately perform detailed calculations with a high-level of understanding
• Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed
• Ability to work effectively both independently and as part of a team

Responsibilities

• Responsible for Prophet model development and testing of various given product types, proactively adhering to Model Risk Management policies and procedures as well as coding standards and optimization objectives
• Responsible for running and analyzing certain recurring model applications such as Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Liquidity Testing, and Financial Forecasting
• Document decisions made, processes put in place and other work performed
• Support process improvement projects
• Perform stress testing and scenario analysis in order to equip management to make strategic decisions
• Compile and analyze data, using statistical formulas and other actuarial methods
• Prepare and review survey forms and reports for distribution
• Set up, test, validate and maintain actuarial models for the specified actuarial purpose
• Develop and implement procedures to comply with new regulatory, control or governance requirements
• Respond to requests for information from actuaries, accountants, auditors, management and other associates, as well as external stakeholders, providing actuarial analysis where appropriate
• Provide guidance, training and direction to other actuarial associates
• Collaborate with stakeholders throughout the organization on business initiatives

Benefits

• 401(k) Retirement Plan with company match and quarterly contribution
• Tuition Reimbursement and Assistance
• Incentive Program Bonuses
• Competitive Pay
• Flexible Hybrid work
• Thrive Days - Personal time off
• Paid time off (PTO)
• Health Benefits: Medical, Dental, Vision
• Health Savings Account (HSA) with employer contribution
• Well-being programs with financial rewards
• Employee assistance program (EAP)
• Professional development programs
• Leadership development programs
• Employee resource groups
• StrengthsFinder Program
• Matching donations program
• Paid volunteer time– 8 hours per month
• Generous paid maternity leave and paternity leave
• Fertility, surrogacy and adoption assistance
• Backup child, elder and pet care support

What This Job Offers

• Career Level: Entry Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees