Assistant Actuary – Model Projections
About The Position
Ameritas is seeking an Assistant Actuary to join their Corporate Actuarial Projections team. This role serves as a department subject matter expert on actuarial model use cases, requiring a detail-oriented and results-driven individual with good knowledge of industry practices and standards. The position is crucial for the company's risk management, ensuring profitability and compliance. The Assistant Actuary will provide actionable information for business decisions and design/manage project initiatives and business processes within their area. Ameritas' mission is 'Fulfilling Life' by helping people achieve financial security through trusted financial products and advice.
Requirements
- Bachelor’s Degree or equivalent experience in Actuarial Science, Mathematics, Statistics or related field.
- 3-5+ years of actuarial modeling experience, preferably with indexed life and/or annuity with living benefit experience.
- Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
- Ability to balance competing priorities to produce high-quality deliverables in a fast-paced environment.
- 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.
Nice To Haves
- Prophet software knowledge
- SQL experience
- Associate or Fellow of the Society of Actuaries designation
- Member of the American Academy of Actuaries
Responsibilities
- Run and analyze recurring actuarial model use cases including Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Risk Based Capital, Liquidity Testing, and Financial Forecasting.
- Collaborate with team members to deliver timely model results and analysis supporting strategic decision-making.
- Perform and document dynamic and static validations (analysis of change and results, policy audits, initial values).
- Identify and support process improvements.
- Support the Prophet model development life cycle, adhering to Model Risk Management policies and procedures.
- Compile and analyze data using statistical formulas and actuarial methods.
- Set up, test, validate, and maintain actuarial models for specified use cases.
- Help implement procedures to comply with new regulatory, control, or governance requirements.
- Respond to information requests from internal and external stakeholders, providing actuarial analysis.
- Provide guidance, training, and peer review for other actuarial associates.
- Collaborate with stakeholders across 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
Number of Employees
501-1,000 employees
