Assistant Actuary - Model Development

Ameritas•Lincoln, NE

19h•Hybrid

About The Position

Ameritas is seeking an Assistant Actuary to join their Corporate Actuarial Model Development Team. This role requires a detail-oriented, results-driven individual with extensive modeling experience to serve as a subject matter expert in actuarial model development and applications. The position is responsible for delivering high-quality models that support sound business decisions and risk management for the company. The role can be hybrid in Lincoln, NE or Cincinnati, OH, or remote depending on proximity to an office.

Requirements

Bachelor's Degree (Actuarial Science, Mathematics, Statistics, or similar) or equivalent combination of education and experience in a related field required.
3-5+ years related experience required.
Knowledge of actuarial model architecture and development for asset and liability projection modeling using FIS Prophet actuarial system required.
Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry required.
Ability to balance competing priorities to produce high-quality deliverables in a fast-paced environment required.
Ability to accurately perform detailed calculations with a high-level of understanding required.
Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed required.
Ability to work effectively both independently and as part of a team required.

Nice To Haves

Associate or Fellow of the Society of Actuaries designation desired.
Member of the American Academy of Actuaries desired.

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
Collaborate with stakeholders throughout the organization to understand requested model changes and prioritization, develop and execute test plans, and assist in model acceptance and approval
Own project management for large-scale development initiatives
Document decisions made, processes put in place and other work performed
Enhance and streamline the model development life cycle
Compile and analyze data, using statistical formulas, policy audits, and other actuarial methods
Set up, test, validate and maintain actuarial models for all use cases
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