Actuarial Analyst (Hybrid)

US001 CMFG Life Insurance Company; Madison (WI); Hybrid; USD 61,000 - 107,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Employee assistance program

Life insurance

Disability plans

Parental leave

Paid time off

401k

Tuition reimbursement

Job summary

TruStage in Madison, WI is seeking an entry-level actuary to assist in product performance analysis while learning actuarial techniques. The role emphasizes hands-on training and progression within the actuarial program.

Ideal candidates will hold a math-related degree, have completed two actuarial exams, and completed at least one internship. Hybrid work options and strong growth potential are available as part of the program.

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 an additional actuarial exam every 6-18 months.
• MS Office proficiency and exposure to database tools; basic programming experience (C++, Visual Basic).

Responsibilities

• Programs and runs computer jobs to collect data and summarizes to assist in various actuarial functions; provides initial data analysis and impact on financials.
• Performs actuarial tasks which are mathematical and quantitative in nature.
• Compiles and categorizes data, documenting and verifying factors used in computations such as loss reserves, rate filings, financial statements, premiums and pricing.
• Gains familiarity with product lines and actuarial methodology while pursuing actuarial exams; maintain actuarial student program status.

Skills

Microsoft Office

Database tools

C++

Visual Basic

Education

Bachelor’s degree in actuarial science, mathematics, 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

Job description

About TruStage

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

• 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

• 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

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

In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan.

Benefits

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.

• medical
• dental
• vision
• employee assistance program
• life insurance
• disability plans
• parental leave
• paid time off
• 401k
• tuition reimbursement

Workplace Flexibility

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

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. We’re on a mission to make a brighter financial future accessible to everyone. Dedicated to helping more people — in more ways — make confident financial decisions at every stage. And we’re committed to delivering on this belief, together. Creating opportunities beside our partners, members of our communities and our employees.