Actuarial Analyst

SBLI; Woburn (MA); Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid work environment (3 days in‑off

Job summary

A leading insurance company located in Woburn, Massachusetts, is looking for an Actuarial Analyst. This role involves developing and pricing life and annuity products while collaborating with various departments such as IT, Sales, and Customer Service. The ideal candidate has a Bachelor’s degree in a relevant field, has passed two actuarial exams, and possesses strong analytical and communication skills. The company offers a hybrid work environment with three days in the office and two days remote.

Qualifications

• Two actuarial exams passed and at least one actuary internship or one year of full-time actuarial experience.
• Desire to attain membership in the Society of Actuaries.
• Experience with Microsoft Office applications, especially Excel, Access, and PowerPoint. Knowledge of AXIS actuarial software is preferred.
• Desire to attain membership in the Society of Actuaries.
• Demonstrated ability to learn quickly and apply concepts to new situations.
• Strong written and oral communication skills, with ability to present actuarial analysis to non-actuarial audiences.
• Excellent time-management and organizational skills, able to manage multiple tasks within time constraints.

Responsibilities

• Support pricing and development of annuity and life products.
• Collaborate with departments for product rollout and maintenance.
• Update actuarial financial models for profit testing.
• Assist in product reports and monitoring profitability.
• Implement product changes timely for regulatory compliance.
• Analyze competitor offerings and market initiatives.
• Analyze competitor product offerings and market initiatives.
• Set up new products on the illustration system and maintain and test that system.
• Assist in the annual setting of policy dividends.

Skills

Strong written and oral communication

Time-management and organizational skills

Ability to learn quickly

Experience with Microsoft Excel

Knowledge of AXIS actuarial software

Education

Bachelor’s Degree in Data Science, Actuarial Science, Statistics, or Mathematics

Tools

Microsoft Office (Excel, Access, PowerPoint)

Access

PowerPoint

AXIS

Job description

Join to apply for the Actuarial Analyst role at SBLI

This range is provided by SBLI. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Overview

The Actuarial Analyst helps to develop, manage, and price life and annuity products for our customers. The Analyst supports a variety of actuarial tasks that impact the organization, including taking products from conception to market and maintaining relevance of core products. The position collaborates with IT, Sales, Customer Service, and other departments on illustration and product‑related questions and projects.

Responsibilities

• Work under the direction of senior actuaries to support pricing and development of annuity and life products.
• Collaborate with groups across the company for product rollout and maintenance.
• Update and maintain actuarial financial models for profit testing.
• Assist in the production of product reports and monitoring of product profitability on an ongoing basis (actual‑to‑expected actuarial dashboard).
• Help implement product changes or revisions to ensure timely response to regulatory and market requirements.
• Support periodic analysis and update of pricing assumptions.
• Analyze competitor product offerings and market initiatives.
• Set up new products on the illustration system and maintain and test that system.
• Assist in the annual setting of policy dividends.

Qualifications

• Bachelor’s Degree in Data Science, Actuarial Science, Statistics, or Mathematics (preferred).
• Two actuarial exams passed and at least one actuary internship or one year of full‑time actuarial experience. Additional exams may be required after hiring.
• Experience with Microsoft Office applications, especially Excel, Access, and PowerPoint. Knowledge of AXIS actuarial software is preferred.
• Desire to attain membership in the Society of Actuaries.
• Demonstrated ability to learn quickly and apply concepts to new situations.
• Strong written and oral communication skills, with ability to present actuarial analysis to non‑actuarial audiences.
• Excellent time‑management and organizational skills, able to manage multiple tasks within time constraints.

Additional Information

Hybrid work environment: three days in office (including mandatory Wednesdays) and two days remote.

Seniority level: Associate
Employment type: Full‑time
Job function: Administrative
Industry: Insurance