Actuarial Analyst

Actuarial Analyst

Provides and verifies data and actuarial reports necessary for product and financial management utilizing actuarial principles and mathematical analysis. Works with some supervision and is responsible for making a minimal range of decisions, escalating to AVP when appropriate and updating AVP on a regular basis. Correctly applies actuarial principles to practical problems.

Responsibilities

What you will do:

• Gathers, organizes and formats data from various sources, reviews for reasonableness and provides this data for internal and external use.
• Applies mathematical, statistical and technical skills to analyze data and reports.
• Ensures accuracy of calculations and statistical analysis despite time constraints.
• Answers mathematical, financial and/or product-related questions from other departments.
• Learns and applies Company and departmental work standards, including those for documentation, functions and interrelationships of departments.
• Obtains, verifies and organizes Company experience to be used in product development, financial reporting, forecasting and/or industry surveys.
• Assists in the development and modification of complex technical programs, applying formulas and methods to analyze products, calculate reserves, project financial results and/or assess profitability and risk.
• Implements actuarial measures with guidance. Verifies accuracy and maintains documentation.
• Executes pricing, valuation and asset-liability runs, selecting the correct model and input data and ensuring internal consistency of all assumptions, product features and in-force data. Reviews for reasonableness and assists in analyzing results.
• Documents projects in writing in accordance with established guidelines.
• Performs other duties as assigned.
• Complies with all policies and standards.

Qualifications

• Bachelor's Degree In mathematics or related field - Required
• Proven experience in exercising good judgment, problem-solving skills and time management skills. - Required
• Demonstrated experience setting professional goals and successfully implementing and achieving those goals. - Required
• Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions. Applies principles of logical thinking to define problems, collect data, establish facts and draw valid conclusions. - Required
• Demonstrated excellent verbal and written communication skills with the ability to successfully interpret and communicate complex business needs with internal and external partners in a clear, focused and concise manner. Prepares correspondence, reports and forms. - Required
• Demonstrated ability to work independently, maintaining self-motivation, under limited supervision. - Required
• Cite examples of working effectively as part of a team. - Required
• Proficient in Microsoft Office products. - Required
• Commitment to learn actuarial software packages such as those used for valuation (ARCVal), experience studies (ARCBase) and/or pricing and projections (MG-ALFA). - Required
• Commitment to learn the companies' policy administrative systems: how they work and how to extract data from them. - Required
• Actively pursue FSA designation by attempting a Society of Actuaries exam at each sitting. Upon Hire - Required
• Passes at least 50% of the exams attempted. Upon Hire - Required
• Adheres to all other Actuarial Exam and other administrative rules. Upon Hire - Required

Work Setting/Position Demands:

• Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
• Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
• Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
• Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
• Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
• Performs substantial movement of wrists, hands, and fingers for continuous computer work.
• Extended hours required during peak workloads or special projects/events.

Travel Requirements:

• None