Actuarial Assistant I

Kansas City Life Insurance Company; Kansas City (MO); On-site; USD 80,000 - 120,000; Full time

Job summary

Kansas City Life Insurance Company is seeking an experienced actuarial professional to perform analyses that determine premiums, reserves, and nonforfeiture values for insurance products. The role involves maintaining data integrity, using actuarial software, and communicating results clearly to management and regulators.

Responsibilities include developing databases, ensuring model inputs are accurate, supporting financial reporting, and contributing to the implementation of new actuarial

Qualifications

• 3+ years of actuarial experience
• Completion of at least five preliminary actuarial exams or completion of four preliminary actuarial exams and all modules of the Fundamentals of Actuarial Practice course (alternate requirement is completion of at least three preliminary actuarial exams and at least six years of relevant actuarial experience)
• College degree with an emphasis in math, statistics, finance or similar areas or other majors in conjunction with credit for preliminary actuarial exams (VEE credit)
• Good PC skills, including use of spreadsheets and databases and aptitude for insurance and actuarial software
• Basic knowledge of insurance concepts
• Good communication skills.

Responsibilities

• Coordinates, prepares and performs actuarial analysis to calculate premiums, reserves and/or nonforfeiture values for new and existing plans of insurance
• Develops, enhances and maintains actuarial databases, compiles, categorizes, documents and validates data for analysis and related reports
• Effectively uses actuarial software to support decision analysis for moderately complex actuarial issues including a thorough familiarity with actuarial software and models used to support work assignments, accurately maintaining model inputs and reviewing reasonableness of results
• Assists in preparation of actuarial communications including financial reporting, profit or risk analysis, response to regulators or information for management or agents
• Provides clarification and consultation on actuarial models and risk issues
• Assists in the implementation of new actuarial systems

Skills

Actuarial analysis

Data handling

Communication skills

Education

Bachelor's degree in math/statistics/finance or related field (VEE credit)

Tools

Actuarial software

Spreadsheets & databases

Job description

QUALIFICATIONS/REQUIREMENTS:

1. At least 3 years of relevant actuarial experience
2. Completion of at least five preliminary actuarial exams or completion of four preliminary actuarial exams and all modules of the Fundamentals of Actuarial Practice course (alternate requirement is completion of at least three preliminary actuarial exams and at least six years of relevant actuarial experience)
3. College degree with an emphasis in math, statistics, finance or similar areas or other majors in conjunction with credit for preliminary actuarial exams (VEE credit)
4. Good PC skills, including use of spreadsheets and databases and aptitude for insurance and actuarial software
5. Basic knowledge of insurance concepts
6. Good communication skills.

DUTIES/RESPONSIBILITIES:

1. Coordinates, prepares and performs actuarial analysis to calculate premiums, reserves and/or nonforfeiture values for new and existing plans of insurance
2. Develops, enhances and maintains actuarial databases, compiles, categorizes, documents and validates data for analysis and related reports
3. Effectively uses actuarial software to support decision analysis for moderately complex actuarial issues including a thorough familiarity with actuarial software and models used to support work assignments, accurately maintaining model inputs and reviewing reasonableness of results
4. Assists in preparation of actuarial communications including financial reporting, profit or risk analysis, response to regulators or information for management or agents
5. Provides clarification and consultation on actuarial models and risk issues
6. Assists in the implementation of new actuarial systems

Kansas City Life Insurance Company is committed to equal employment opportunities for all individuals regardless of race, religion, color, sex, age, national origin, disability, or genetic information.

Regular and reliable attendance and punctuality is an essential function of this position.