Actuarial Assistant

Navy Mutual Aid Association; Arlington (VA); On-site; USD 94,000 - 120,000; Full time

Benefits offered by this job

Bonus program

Competitive compensation

Benefits package

Job summary

Navy Mutual Aid Association in Arlington, VA seeks an Actuarial Assistant to support life insurance and annuity pricing, valuation, and financial modeling. You will analyze large data, assist with statutory reporting, and contribute to risk and regulatory compliance while informing strategic decisions.

The role offers a market-based salary range and eligibility for the bonus program. Collaboration with Finance, Product, Risk, and Underwriting is expected.

Qualifications

• Assist in actuarial model development, testing, and maintenance.
• Perform experience studies (mortality, lapse, expenses) and analyze trends.
• Support product pricing and profitability analysis.
• Assist in reserve calculations for statutory reporting.
• Extract, validate, and analyze large datasets from internal systems.

Responsibilities

• Prepare reports, documentation, and exhibits for internal and regulatory purposes.
• Conduct financial projections and scenario/sensitivity testing.
• Identify and resolve data discrepancies and model issues.
• Partner with cross-functional teams (Finance, Product, Risk, Underwriting).
• Support audits, compliance reviews, and actuarial memoranda preparation.
• Participate in process improvement and automation initiatives.
• Assist with dashboard development and reporting enhancements.
• Support ad hoc actuarial analyses and business projects.
• Stay current on industry trends, regulations, and actuarial standards.

Skills

Actuarial modeling

Experience studies

Pricing analysis

Regulatory reporting

Data analysis

Job description

The Navy Mutual Aid Association is committed to helping military members grow and protect their wealth through providing life, annuity products, and services. Also, assisting Sea Service members and their families in securing federal benefits to which they may be legally entitled.

Formed in 1879, we are a non-profit, member-owned association that provides high-quality life insurance, financial education and other benefits to military families nationwide. Financially strong, Navy Mutual is proud to be a first-choice provider of life insurance to service members and their loved ones. Our team’s efforts to serve and protect our members and their loved ones is the reason that Navy Mutual enjoys outstanding customer satisfaction member retention ratings. Please find below a short video that reflects Navy Mutual Aid Association’s Mission and Values.

https://www.youtube.com/embed/60nERBKxwUo

Navy Mutual is seeking an Actuarial Assistant supports complex actuarial functions for life insurance and annuity products, including pricing, valuation, financial modeling, and experience analysis. Develops and enhances actuarial models, performs advanced data analysis, and contributes to financial reporting, risk assessment, and regulatory compliance while helping inform strategic business decisions.

Duties and Responsibilities:

• Assist in actuarial model development, testing, and maintenance
• Perform experience studies (mortality, lapse, expenses) and analyze trends
• Support product pricing and profitability analysis
• Assist in reserve calculations for statutory reporting
• Extract, validate, and analyze large datasets from internal systems
• Prepare reports, documentation, and exhibits for internal and regulatory purposes
• Conduct financial projections and scenario/sensitivity testing
• Identify and resolve data discrepancies and model issues
• Partner with cross-functional teams (Finance, Product, Risk, Underwriting)
• Support audits, compliance reviews, and actuarial memoranda preparation
• Participate in process improvement and automation initiatives
• Assist with dashboard development and reporting enhancements
• Support ad hoc actuarial analyses and business projects
• Stay current on industry trends, regulations, and actuarial standards

Navy Mutual offers a comprehensive total rewards package to include competitive compensation and benefit programs. Information on these benefit programs is available at Navy Mutual Career Page.

This position has an annualized market-based salary range (or hourly rate) of $94,000 - $120,000 and is eligible to participate in the Association’s bonus program. The final salary offered will generally fall within this range. Multiple factors are taken into consideration to arrive at the compensation package offered to the selected candidate. Factors include, among others, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.

At this time, Navy Mutual will not sponsor a new applicant for employment authorization for this position.

Navy Mutual Aid Association 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, genetics, disability, age, veteran status, or any other characteristic protected by law.

Navy Mutual Aid Association 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, genetics, disability, age, veteran status, or any other characteristic protected by law.