Actuarial Analyst — Hybrid (Life & Annuities)

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

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.

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.

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)

Job description

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.