Associate Actuary - Pricing

Citizens Bank • Austin, TX

59d • Onsite

About The Position

We are seeking an Associate Actuary with a strong background in pricing analysis and model development. This role supports the design and implementation of pricing strategies that ensure profitability and competitiveness across our product portfolio. The Associate Actuary works under limited supervision and relies on experience and judgment to plan and accomplish goals. This role carries significant authority on assignments that involve higher technical complexity and variety. The position requires expert skills in working with internal and external data sources and advanced spreadsheet applications and modeling platforms. To support continued career progression, maintaining eligibility in the Actuarial Student Program and ongoing work toward attaining Fellowship is expected.

Requirements

• Bachelor's degree or equivalent in Actuarial Science, Mathematics, Statistics, or a related discipline
• Minimum of 4 years of relevant Actuarial experience; preferably in life insurance
• Requires background in modeling, programming, or quantitative analysis; experience with GGY AXIS is a plus.
• Demonstrated proficiency in oral and written communications.
• Ability to prioritize and execute tasks effectively in a fast-paced environment.
• Near-Associate of the Society of Actuaries (ASA), with maximum of 1 remaining requirement (in addition to the Associateship Professionalism Course) towards an Associate of the Society of Actuaries designation
• Ability to work Monday-Friday, 8AM 5PM with occasional flexible and longer hours.

Responsibilities

• Participates in large-scale department projects, including product development, modeling, regulatory compliance, and modernization initiatives.
• Provides clear, data-driven actuarial analyses and communicates insights effectively to cross-functional teams, ensuring timely and accurate support for decision-making across product, finance, and operations.
• May serve as a project lead on actuarial studies and product development initiatives.
• Performs other duties as assigned.
• Support actuarial analyses to support pricing strategy, experience monitoring, and product performance evaluation.
• Contributes to the development and maintain of pricing models and methodologies for new and existing products.
• Analyze the results from experience studies and identify the trends to support pricing decisions.
• Identifies opportunities to automate processes and expand modeling capabilities and works with the team to implement these enhancements.
• Assists with periodic experience studies and annual assumption updates, including implementation and audit of changes within actuarial models.
• Ensures adherence to model risk management standards, including thorough documentation and testing.
• Maintains comprehensive documentation of actuarial analysis and ensures the effectiveness and efficiency of internal control processes to support audit readiness.
• Compiles, consolidates, and analyzes actuarial data to produce financial reports in compliance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP).
• Maintains awareness of emerging issues impacting existing or new product lines and applies in-depth knowledge of GAAP, Statutory, and Tax reporting requirements to ensure compliance with current and evolving standards.
• Reviews and analyzes reserves and non-forfeiture values for new and existing products.
• Provides technical guidance to lower-level positions and other functional areas; may lead the work of others by mentoring, prioritizing, delegating, and reviewing assignments.

Benefits

• Our benefits package includes medical, dental, vision, short-term and long-term disability, AD&D, group term life insurance, and a matching 401k to secure your financial future.
• Our benefits plan allows for Virtual Visits and access to our Employee Assistance Program, showcasing our commitment to your health and work-life balance.
• Enjoy the added perks of generous Paid Time Off and holidays, ensuring you have the time to recharge and savor life outside of work.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees