Actuarial Analyst 2

Sammons Financial Group; Chicago (IL); On-site; USD 50,000 - 103,000; Full time

Benefits offered by this job

Health coverage

Competitive compensation with bonus/in

ESOP

401(k)

Paid time off

Tuition reimbursement

Professional development

Volunteer time off

Matching gifts

Job summary

Sammons Financial Group in United States (Chicago area) seeks a data analytics professional to provide actuarial support, build and maintain spreadsheets, and create tools for reporting and calculations. You will analyze data, perform reasonableness checks, and present results to stakeholders.

Requirements include a bachelor’s degree in a related field and 2–3 years of data analytics experience, preferably in life insurance or annuities.

Qualifications

• Bachelor's Degree in Mathematics, Computer Science, Business or equivalent preferred.
• 2-3 years' work experience in data analytics; background in life insurance or annuities preferred.
• Possess mathematical ability, strong analytical skills and attention to detail.
• Familiarity with Visual Basic and macros desirable. Demonstrate skill in Excel, Access, and Word.
• Demonstrate strong verbal and written communication skills.
• Ability to research and provide insights; work independently and in a team.

Responsibilities

• Develop understanding of actuarial concepts and requirements; ensure tools reflect these in analytics and reporting.
• Maintain or enhance spreadsheets, software, and database tools to manage, analyze, and report data; document tools and processes.
• Gather and prepare data and review for reasonableness; generate reports and communicate results to stakeholders.
• Create and enhance calculation spreadsheets; perform detailed calculations to support actuarial, product, or policy teams.
• Participate in meetings and communicate technical actuarial information to teammates.

Skills

Excel

Word

Access

Visual Basic

Macros

Education

Bachelor's Degree in Mathematics, Computer Science, Business or equivalent Preferred

Tools

Visual Basic

Job description

What You Can Expect In This Role

Provide technical and analytical support for internal and external customers. Create, maintain, and use spreadsheets and/or database tools to effectively calculate, analyze and report results for a variety of actuarial related processes. Conduct research and analysis of information in order to address calculation issues as needed. Support other special projects as assigned.
What You'll Do In This Role

• Develop thorough understanding of the actuarial-related concepts and requirements, and relevant business processes needed. Ensure product features, reporting requirements, calculations and controls are properly incorporated into the tools that are built to support analytical and reporting processes as assigned.
• Maintain, develop or enhance spreadsheet, software and/or database tools used to manage, analyze and report data. Ensure work is accurate and efficient using existing procedures. Document tools and processes.
• Gather and prepare data and review for reasonableness. Generate reports, conduct analysis and reasonableness checks, and communicate results to key stakeholders.
• Create, maintain, and enhance calculation spreadsheets used to validate or supplement actuarial-related or system-generated values. Utilizing spreadsheets, accountable for detailed and complex manual calculations to provide actuarial, product and/or policy support to other departments.
• Participate as a representative of the Department during relevant meetings. Be able to communicate technical actuarial information or related processes to team members.
• Recommend and automate departmental processes to improve efficiency and accuracy as assigned.
• Participate in and/or complete special projects or initiatives as required.
• Plan and prioritize work in accordance with broader team or department objectives and priorities. Complete projects on time and with high standards and accuracy.
• Develop and maintain effective business relationships with both internal and external stakeholders.
• 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.
• Other duties as assigned.
What We're Looking For

• Bachelor's Degree in Mathematics, Computer Science, Business or equivalent Preferred
• Minimum 2-3 years' work experience in data analytics; background in life insurance or annuities Preferred
• Possess mathematical ability, strong analytical skills and attention to detail
• Familiarity with Visual Basic and macros desirable. Demonstrate skill in Excel, Access, and Word
• Demonstrate strong verbal and written communication skills
• Ability to develop basic knowledge of relevant insurance industry and motivation to learn Sammons Financial Group Companies products and Actuarial related concepts
• Demonstrate ability to research and provide insights
• Ability to work both individually and as part of a team.
• Ability to manage projects
• Demonstrate natural sense of curiosity, strong problem solving skills and ability to multi-task
• Demonstrate flexibility and adaptability to changing priorities
• Self-motivated, and ability to work independently and effectively under deadline pressures

Other Requirements

• Criminal background check required.

Salary Range Information

USD $49,628.00 - USD $103,391.00 /Yr. 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 is dependent on candidate qualifications and experience. 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.)
Additional Information

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 [e-mail] or call 800-728-2987.

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.