Actuarial Associate

The Guardian Life Insurance Company of America; Town of Bethlehem (NY); Hybrid; USD 79,000 - 130,000; Full time

Job summary

The Guardian Life Insurance Company of America is seeking an Actuarial Associate for its ALDP. This role will rotate across pricing, product, and analytics, performing financial and non-financial analyses to support growth and profitability.

You will translate data into actionable insights for leadership and stakeholders. Join ALDP to gain cross-functional business acumen while contributing to rate development, filings, and strategic initiatives across the enterprise with a hybrid work

Qualifications

• Bachelor’s degree in a mathematics-based field.
• Regularly taking actuarial exams toward Fellow designation (SOA).
• Minimum of two years of actuarial work experience.
• Proficient in MS Excel as well as actuarial modeling and data visualization software.
• Ability to communicate pricing analyses to technical and non-technical audiences.
• Ability to contribute to multiple projects with multiple deliverables simultaneously.
• Strong analytical and technical skills with ability to synthesize sophisticated information.

Responsibilities

• Perform rate development and state rate filings to support Group Finance Strategy.
• Provide actuarial support for product, underwriting, finance, and distribution initiatives.
• Recommend and apply advanced techniques to modernize pricing approaches and improve accuracy.

Skills

Pricing analysis communication

Multi-project delivery

Analytical thinking

Education

Bachelor’s degree in mathematics-based field

Bachelor’s degree in actuarial science

Actuarial Associate designation in SOA

Tools

MS Excel

Actuarial modeling software

Data visualization software

Job description

Is the opportunity to join a culture where “We Do the Right Thing,” and “We Courageously Shape Our Future Together” important to you? If so, Guardian is seeking a motivated individual to join our team as an Actuarial Associate. As an actuary in Guardian’s Actuarial Leadership Development Program (ALDP), you will develop a thorough understanding of our products and how your job responsibilities contribute towards achieving the goals of Guardian. The program also focuses on developing versatile future leaders with cross-functional business acumen and leadership skills. You will assist in performing financial and non-financial analysis and make recommendations consistent with Guardian’s goals regarding growth and profitability. As part of ALDP, expect to rotate departments every 18 to 24 months, providing the opportunity for a breadth of experience. You are a self-starter who is fueled by collaboration, able to transform conceptual thinking into executable insights, who thrives in diving into business problems and using data to make decisions.

Required Qualifications:

• Bachelor’s degree in a mathematics-based field
• Regularly taking actuarial exams to pursue the Actuarial Fellow designation in the Society of Actuaries
• A minimum of two years of prior work experience in the actuarial field
• Proficient in MS Excel as well as experience in using actuarial modeling / data visualization software
• Ability to communicate pricing analyses to technical and non-technical audiences
• Ability to contribute to multiple projects with multiple deliverables simultaneously
• Strong analytical and technical skills with the ability to synthesize sophisticated information

Preferred Qualifications:

• Bachelor’s degree in actuarial science
• Actuarial Associate designation in the Society of Actuaries
• 3-5 years of prior work experience in the actuarial field
• An understanding of group pricing practices including the use of experience
• Prior work experience in Group Pricing, particularly Disability coverage

You will utilize internal and external data sources to better understand industry trends, clients, competitors, and the regulatory environment. Complete assignments on time and according to specifications provided by your supervisor as independently as possible, recognizing situations where managerial guidance is needed. Execute rate development and state rate filings that support the strategic goals set forth by the Group Finance Strategy Team. Provide actuarial support for product, underwriting, finance, and distribution initiatives impacting pricing models and resulting rates. Recommend and actively support the use of new and advanced techniques to modernize the pricing approach and improve accuracy.

Reporting Relationships: As our Actuarial Associate, you will report to our Head of Disability Pricing, who reports to our Head of Group Benefit Pricing & Analytics.

Location: Hybrid – 3 days in office located in Bethlehem, PA; Hudson Yards, NYC; Holmdel NJ, Stamford, CT; Pittsfield MA or Boston MA. 2 days WFH.

Salary Range: $79,310.00 - $130,295.00. The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation.

Our Promise

At Guardian, you’ll have the support and flexibility to achieve your professional and personal goals. Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.

Inspire Well-Being

As part of Guardian’s Purpose – to inspire well-being – we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues. Explore our company benefits at www.guardianlife.com/careers/corporate/benefits. Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits.

Equal Employment Opportunity

Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law.

Accommodations

Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Guardian also provides reasonable accommodations to qualified job applicants (and employees) to accommodate the individual's known limitations related to pregnancy, childbirth, or related medical conditions, unless doing so would create an undue hardship. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact [e-mail]. Please note: this resource is for accommodation requests only. For all other inquires related to your application and careers at Guardian, refer to the Guardian Careers site.

Visa Sponsorship

Guardian Life is not currently or in the foreseeable future sponsoring employment-based visas (e.g., such as an H-1B). In order to be a successful applicant, you must be legally authorized to work in the United States, without the need for employer sponsorship/support now or at any time in the future.

Artificial Intelligence in Recruitment

As part of Guardian’s job application process, Guardian may use artificial intelligence tools (“AI Tools