Actuarial Analyst (Hybrid)

TruStage; Madison (WI); Hybrid; USD 61,000 - 107,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability plan

Parental leave

Paid time off

401k

Tuition reimbursement

Job summary

TruStage in Madison, WI is looking for an entry-level actuarial analyst to support analysis of product performance and to learn actuarial techniques. You will work with experienced actuaries to build strong analytic and problem-solving skills in a collaborative environment.

The role involves data processing and mathematical modeling, with training provided and a path into the actuarial program. Benefits include comprehensive coverage and a hybrid work model.

Qualifications

• Bachelor’s degree in actuarial science, mathematics or statistics.
• Successful completion of two actuarial exams.
• Completion of one internship prior to graduation.
• Commitment to pass one more actuarial exam every 6-18 months.
• Proven ability to use Microsoft Office and basic programming knowledge.

Responsibilities

• Programs and runs data collection jobs and provides initial analysis.
• Performs actuarial tasks of a mathematical and quantitative nature.
• Compiles data and documents factors used in computations for reserves, rate filings, and pricing.
• Gains familiarity with product lines and actuarial methodology through exams.
• Support actuarial accreditation and stay in the actuarial student program.

Skills

Analytical thinking

Attention to detail

Communication

Education

Bachelor’s degree in actuarial science, mathematics, statistics

Tools

Microsoft Office Suite

Database tools

Programming (C++, Visual Basic)

Job description

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future.

Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition

Job Purpose:

Brief and in a few sentences statement of the reason the job exists.

This position is an entry level actuarial position. The primary purpose is to assist actuaries in the analysis of product performance while learning techniques & logic of basic actuarial analysis.The position involves the use of strong analytic and problem solving skills, including sophisticated mathematical analysis and modeling. The position works closely with other actuaries.This position provides training to the incumbent in the Actuarial function and serves as an entry to the Actuarial program.

Job Responsibilities:

• (25%)Programs and runs computer jobs to collect data and summarizes to assist in various actuarial functions. Provides initial analysis of the data and impact on the company’s financials.
• (35%)Performs actuarial tasks which are of a mathematical and quantitative nature.
• (25%)Compiles and categorizes data, documenting and verifying factors used in computations such as those used in evaluating loss and expense reserves, preparing rate filings, schedules of statistics, financial statements, premiums, benefits and establishing rating and pricing levels.
• (15%)Gains familiarity about specific product lines, company operations, systems and actuarial methodology through completion of actuarial exams.
• Actively pursue actuarial accreditation. Maintains good standing in the actuarial student program.

The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.

Job Requirements:

List of general education, background and experience, knowledge, skills, and abilities typically required to effectively perform the responsibilities of the job. Also include any required licenses and/or designations.

• Bachelor’s degree in actuarial science, mathematics, statistics.
• Successful completion of two (2) actuarial exams.
• Completion of one internship prior to graduation.
• Commitment and capability to pass one additional actuarial exam every 6-18 months.
• Knowledgeable with Microsoft Office Suite & exposure to database tools and other programming languages (such as C++, Visual Basic).
• Effective listener. Ability to document own work.
• Ability to work accurately and pay attention to detail.
• Demonstrated ability to master actuarial course material.
• Basic organization and time management skills.
• Ability to meet deadlines.
• Ability to work independently or as part of a team.
• Ability to develop insights into how projects work and the significance of tasks performed.
• Ability and commitment to stay compliant with the Actuarial Study Program.

Compensation may vary based on the job level, your geographic work location, position incentive plan and exemption status.

Base Salary Range:

$61,104.00 - $106,931.00

At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan. Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when “life happens,” you can focus on what’s most important.

Accommodation request

TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.