Life Insurance Actuary

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long‑term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting‑edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.

By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. As an Actuary on the valuation team, you will be responsible for calculating, analyzing, and reporting financial liabilities for insurance products in compliance with US GAAP. Following the transition to US GAAP, you will serve as a subject‑matter expert of the newly developed US GAAP valuation processes, supporting the team in delivering valuation results and providing added value across the finance organization through robust analysis and insights.

US GAAP implementation

Supporting the implementation of US GAAP reporting for the Company as a key member of this cross‑functional project team

Participating in the drafting of accounting policies and provide actuarial expertise where appropriate in the preparation of these documents

Developing a forum for collaboration and education across the valuation team to ensure we are aligned and prepared upon transitioning to US GAAP reporting

Coordinating and executing the production and review of reserves and related financial metrics according to US GAAP requirements and actuarial principles. Performing relevant analyses and collaborating with various internal and external stakeholders (e.g., modeling, financial reporting, pricing teams) to ensure efficient and effective valuation operations. Compiling information for regulatory disclosures (e.g., financial reporting, FP&A, auditors, etc.) contributing to technical policy decisions as the subject‑matter expert representing the actuarial valuation team

Supporting the development and analysis of US GAAP valuation assumptions. Supporting any additional ad‑hoc projects as the subject‑matter expert in US GAAP representing the actuarial valuation team

Providing relevant training and support to the Finance organization as required

Producing management information regarding reserves and related financial metrics, and presenting analysis and review results to relevant stakeholders

Preparing materials for internal and external audit requests

Control environment & process improvements

Coordinating and executing testing of US GAAP systems (e.g., AXIS, IT systems and technology, sub‑ledger, etc.) IT, modeling, financial reporting teams) to ensure continuing model appropriateness and accuracy, and compliance with applicable control frameworks

Proactively identifying areas for process improvement (e.g., Supporting additional projects as required

BS/BA in Actuarial Science, Mathematics, Statistics, Economics, or related field

Fellow of the Society of Actuaries

8+ years of life insurance/actuarial experience, including valuation

5+ years of experience in US GAAP reporting including prior experience with LDTI implementations

Experience with actuarial modeling software, Moody's AXIS preferred

Excellent actuarial analytical skills and problem‑solving capabilities

Spreadsheet and database capabilities (Excel, VBA, SQL, Python)

The total compensation package for this position may include other elements, such as a sign‑on bonus, long‑term incentives, and annual bonuses. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro‑rated based on start date. This role has 20 vacation days and 10 sick days that are accrued on a bi‑weekly basis. Employees also have 9 paid holidays throughout the calendar year.

Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; We're big on professional development and we'll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth‑focused professionals. We value our teams and our communities and believe in giving back. If hired, employee will be in an "at‑will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. J-18808-Ljbffr Legal & General America