Sr. Actuarial Associate

Jackson•Lansing, MI

About The Position

Responsible for routine to complex actuarial processes and projects in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. The role applies advanced actuarial principles to insurance and finance work. It includes producing and validating actuarial outputs, following production controls, contributing to actuarial tools and models, communicating analysis to management, and mentoring junior associates. The associate also studies and sits for actuarial exams or completes modules in accordance with the Education Program.

Requirements

Ability to apply foundational actuarial mathematics and concepts to work product.
Working knowledge of Jackson’s insurance product lines, including life and annuities.
Advanced experience in a key actuarial field, such as pricing, financial reporting, data analysis, or modeling.
Advanced knowledge of Excel.
Ability to program in SAS, Python, or a similar language and make complex updates to actuarial models or programs.
Ability to guide others in following processes and running actuarial models or programs.
Ability to troubleshoot issues with process results and output.
Ability to communicate effectively, verbally and in writing, with the manager and team members.
Ability to write effective formal reports for actuarial management and participate in cross-functional team meetings.
Ability to apply creativity and deductive reasoning to solve problems and improve processes.
Ability to perform peer review of processes.
Ability to work on multiple projects and prioritize work based on general guidance.
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or a related field of study.
At least 2 years of actuarial experience required.
Associate of the Society of Actuaries (ASA), or near ASA with at least 4 years of relevant actuarial experience.

Nice To Haves

4+ years of actuarial experience.
Commitment to attaining the Fellow of the Society of Actuaries (FSA) designation.

Responsibilities

Participate in small-team and cross-functional team meetings.
Manage personal workload, establish priorities and deadlines with the manager, and share project status.
Communicate orally and in writing with peers and the manager using tools such as email and Microsoft Teams.
Compose reports presenting analysis to management.
Recommend and implement, or peer review, changes to the coding and structure of actuarial tools as assigned.
Complete processes that produce actuarial outputs, including calculated reserves, cash flow projections, product pricing, and experience data.
Follow procedures and execute controls for production processes.
Analyze and validate actuarial output.
Study material and sit for actuarial exams or complete modules in accordance with the Education Program.
Mentor and train junior associates to perform processes.
Perform other duties and projects as assigned.