Actuarial Assistant I

Kansas City Life Insurance Company; Kansas City, Northern (MO, KY); Hybrid; USD 65,000 - 110,000; Full time

Job summary

Kansas City Life Insurance Company in Missouri is seeking an energetic, self-motivated actuarial professional to join our Actuarial department.

The candidate will coordinate, prepare and perform actuarial analyses, develop databases, and support model inputs and communications for management and regulators. We offer a competitive salary and an excellent benefits package in a collaborative environment that supports professional growth.

Qualifications

• Three or more years of relevant 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: three exams and six years of experience).
• College degree with emphasis in math, statistics, finance or similar areas; VEE credit may apply.

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 familiarity with actuarial software and models, maintaining inputs and reviewing results.
• Assists in preparation of actuarial communications including financial reporting, profit or risk analysis, responses to regulators or information for management.
• Provides clarification and consultation on actuarial models and risk issues.
• Assists in the implementation of new actuarial systems.

Skills

Actuarial experience

Communication skills

Attendance & punctuality

Education

Math/Statistics/Finance degree or VEE credit

Tools

Actuarial software

Spreadsheets

Databases

Job description

Kansas City Life Insurance Company, a recognized leader in the insurance industry, is seeking an energetic, self-motivated individual to join our Actuarial department. The ideal candidate would meet the following requirements:

QUALIFICATIONS/REQUIREMENTS:

• Three or more years of relevant 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
• Regular and reliable attendance and punctuality is an essential function of this position

DUTIES/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

Kansas City Life Insurance Company offers a competitive salary and an excellent benefits package.

Kansas City Life Insurance Company

ATTN: Human Resources Department
3520 Broadway
P.O. Box 219139
Kansas City, MO 64121-9139
EOE/MFVH
e-mail: [e-mail]