Actuary

Actuarial Position

This position may be filled at the Associate 1, 2, 3 or Actuary level, based on skills, experience, and alignment to the role's scope as evaluated through our structured selection process.

Serve as a leader in the development and execution of accurate and efficient tools and processes to support the actuarial function(s) related to this role. Analyze, summarize and present management information to drive decisions. Understand Sammons Financial Group (SFG) Member Companies' financial objectives and ensure processes and work product support those objectives. Manage multiple projects and work collaboratively with other departments, providing technical guidance as needed. Lead special projects as directed.

•Apply strong knowledge of SFG products related to area of focus. Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes.

•Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions. Recommend enhancements to existing processes or develop new processes to accommodate regulatory changes. Prepare actuarial memorandums and/or disclosures in compliance with regulations related to area of focus.

•Develop and recommend assumptions for management approval. Apply as needed for actuarial calculations or financial projections. Leverage company data, industry data and/or any other information indicating a potential change in the future to support individual assumptions. Use actuarial models to understand and explain the impact of a change in assumptions. Ensure assumptions and sources of underlying data are well documented.

•Create, understand and interpret complex financial models. Assist in choosing the appropriate modeling approach and using the right tools and methods to maximize efficiency. Analyze and explain the results of both deterministic and stochastic projections. Ensure proper governance, peer review and documentation is completed.

•Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed. This includes balance sheets and income statements produced by actuarial models. Assist in interpreting and implementing changes in accounting and/or actuarial standards.

•Create spreadsheets, databases and other data analytic software as needed to perform data analysis and summarize, manipulate, transform and aggregate data efficiently and accurately. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features to inform management decisions. Perform checks to confirm the robustness of the data and analysis.

•Understand concepts of relevant actuarial risks and the implications of failing to manage risk. Quantify risk exposure and use model projections to produce management information to measure and to monitor on-going exposure. Assist in developing risk mitigation techniques which may include product changes or new product designs.

•Lead special projects as required. Work individually and/or in teams on multiple projects and deliver completed projects on time and with high quality. Effectively plan and prioritize your work in accordance with broader department objectives and priorities.

•Develop relationships and collaborate with other departments and business units. Communicate effectively with other actuarial teams to ensure consistency in modeling approaches and assumptions across actuarial functions. As needed, perform actuarial calculations to support administration or test IT functionality.

•Enhance and develop personal and professional skills through the Society of Actuaries' exam or continuing education requirements. Attending actuarial-related conferences is strongly encouraged.

•Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).

•As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.

•Participate in other initiatives and/or projects as necessary.

Bachelor's Degree preferably in the area of mathematics, or a business related field required

6-8 years' experience in the field of Actuarial Science preferred

Demonstrate a superior level of mathematical ability and attention to detail and strong analytical skills

Demonstrate strong computer skills including proficiency in the use of applicable technical tools

Demonstrate strong written and verbal communication skills including the ability to present highly technical information to non- technical audiences

Ability to apply insurance industry knowledge, preferably in the fields of individual life and annuities

Ability to identify and direct the analysis of problems or questions and provide recommendations to appropriate audiences

Ability to work both individually and as part of a team

Highly organized with the demonstrated ability to prioritize multiple projects and to switch priorities as necessary

Ability to work effectively in an office environment

Commitment to embrace SFG shared values (Respect, Accountability, Integrity, and Openness)

FSA required or

Will consider near-FSA actively pursuing completion of FSA or career ASA required

May be required to travel to a company office or location other than your normal workplace for trainings, meetings, conferences or to support business needs.

Criminal background check required.

If the position is in the SIG business unit, Annuity New Business Securities team, or if we are holding securities licenses, FINRA regulations require fingerprinting for this position; if we are holding securities licenses, a credit check will also be required. Management reserves the right to determine and approve incumbent suitability for this position.

USD $85,577.00 - USD $142,628.00 /Yr.

We are open to hiring this role at the Actuary or Associate level based on your skills, experience, and demonstrated competencies. Leveling considers your qualifications, the scope and complexity you've owned, and alignment to the role's scope.

The base salary range for Associates is $85,577-$176,501. The base salary range for Actuaries is $130,505-$217,508. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary will be based on job level, candidate qualifications and experience, internal equity and geographical location. For a narrower salary range specific to your labor market, please inquire.

What you can expect when you join Sammons Financial Group

• Comprehensive health coverage for you and your family, including Medical, Dental, Vision, HSA & FSA options, and term life insurance.

• Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success.

• Invest in your future with our 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k).

• Work–life balance that means something. Friday afternoons off year-round, generous paid time off, and paid holidays.

• Commit to your growth with paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs.

• Make an impact beyond the workplace through volunteer time off, and our company nonprofit matching gift program, supporting the causes that matter most to you.

• An ownership culture that inspires; join a connected, values-driven workplace where employees take accountability, support one another, and are empowered to do their best work—together shaping our future shared success.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)

Sammons Financial Group Is An Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or any other characteristic protected by applicable law.

ADA

Sammons Financial Group is committed to providing reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you need assistance or a reasonable accommodation at any stage of the application or hiring process, including navigating our website or applying for a position, please contact View email address on click.appcast.io or call View phone number on click.appcast.io.

E-Verify

Sammons Financial Group participates in E-Verify and will provide the Social Security Administration and, if necessary, the Department of Homeland Security with information from each new employee's Form I-9 to confirm work authorization.

Policy for External Search Firms and Agencies

Sammons Financial Group maintains an internal Talent Acquisition function and does not accept unsolicited resumes or candidate submissions from search firms, staffing agencies, or other third-party recruiting vendors. Please review our Recruitment Agency Policy for additional information here.