Associate Actuary – Model Development

Ameritas•Lincoln, NE

17h•Hybrid

About The Position

Ameritas is seeking an Associate Actuary to join their Corporate Actuarial Model Development Team. This role requires extensive modeling experience and the ability to serve as a subject matter expert in actuarial model development and applications. The position is responsible for delivering high-quality models to support business decisions and risk management. This position can be remote within the U.S.A. or hybrid in Lincoln, NE or Cincinnati, OH.

Requirements

Bachelor's degree or equivalent combination of experience in Actuarial Science, Mathematics, Statistics, or Related Field required.
4-7 years related actuarial experience required.
Advanced knowledge of actuarial model architecture and development for asset and liability projection modeling using FIS Prophet actuarial system required.
Advanced knowledge of insurance (life insurance and/or annuity) products and concepts, actuarial theory and techniques, and regulation of the insurance industry required.
Ability to balance competing priorities to produce and facilitate others’ production of 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 communicate technical concepts to a non-technical audience 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 leading 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 being a subject matter expert on life insurance and/or annuity modeling.
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.
Lead and support others in project management of large-scale development initiatives.
Enhance and streamline the model development life cycle.
Document decisions made, processes put in place and other work performed.
Compile and analyze data, using statistical formulas, policy audits, and other actuarial methods – including the review of others’ work.
Build, 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, direction, and work product review for other actuarial associates.