Actuarial Associate

empower; United States; On-site; USD 66,000 - 93,000; Full time

Benefits offered by this job

Medical, dental, vision and life ins.

401(k) with generous company match

Tuition reimbursement

Paid time off + holidays

Volunteer time

BRGs

Job summary

Empower is seeking an Actuarial Associate to support pricing, valuation and risk management while developing actuarial knowledge.

You will run models, perform analyses, and report findings under guidance, with opportunities for growth and exposure to actuarial methods across products.

Qualifications

• Bachelor's degree in actuarial science, mathematics, or statistics.
• 2-4 actuarial exams completed in pursuit of ASA.
• 0-2 years of actuarial or related experience.
• Basic knowledge of actuarial principles and practices.
• Basic proficiency in Microsoft Office, including Excel and Access.
• Basic proficiency in VBA.
• Basic proficiency in written and verbal communication.
• Ability to work within established guidelines and direction to achieve objectives and meet deadlines.
• Ability to adapt to changing events and priorities.
• Demonstrated accountability and strong work ethic.
• Ability to build collaborative and cooperative working relationships and effectively address conflict.

Responsibilities

• Run and maintain actuarial models within assigned areas under the direction of actuarial staff.
• Perform actuarial research and analyze results to support actuarial activities.
• Prepare, analyze, and communicate actuarial calculations and findings related to product pricing, valuation, and/or risk management.
• Compile, analyze, and report data used in actuarial processes.
• Prepare reports and present results and findings to actuarial staff.
• Execute assigned tasks within established guidelines, priorities, and deadlines.
• Build awareness of the time and costs associated with assigned work.
• Respond to standard requests from internal customers and collaborate with employees and business areas across the organization.
• Perform other duties as assigned.

Skills

Communication

Excel/Access

VBA

Teamwork

Accountability

Education

Bachelor's degree in actuarial science/mathematics/statistics

Tools

MG-ALFA

Moody's AXIS

Job description

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

The Actuarial Associate provides technical support to actuarial staff by running and maintaining actuarial models, performing actuarial research, analyzing data, and reporting results and findings. This entry-level role supports actuarial processes related to product pricing, valuation, and risk management while developing knowledge of actuarial methods, modeling, and analysis. The Actuarial Associate works within established guidelines and direction to complete assigned tasks and meet deadlines.

What You Will Do

• Run and maintain actuarial models within assigned areas under the direction of actuarial staff.
• Perform actuarial research and analyze results to support actuarial activities.
• Prepare, analyze, and communicate actuarial calculations and findings related to product pricing, valuation, and/or risk management.
• Compile, analyze, and report data used in actuarial processes.
• Prepare reports and present results and findings to actuarial staff.
• Execute assigned tasks within established guidelines, priorities, and deadlines.
• Build awareness of the time and costs associated with assigned work.
• Respond to standard requests from internal customers and collaborate with employees and business areas across the organization.
• Perform other duties as assigned.

What You Will Bring

• Bachelor's degree in actuarial science, mathematics, or statistics required.
• 2-4 actuarial exams completed in pursuit of the Associate of the Society of Actuaries (ASA) designation.
• 0-2 years of relevant actuarial or related experience.
• Basic or conceptual knowledge of actuarial principles and practices.
• Basic proficiency in Microsoft Office, including Excel and Access.
• Basic proficiency in VBA.
• Basic proficiency in written and verbal communication.
• Ability to work within established guidelines and direction to achieve objectives and meet deadlines.
• Ability to adapt to changing events and priorities.
• Demonstrated accountability and strong work ethic.
• Ability to build collaborative and cooperative working relationships and effectively address conflict.

What Will Set You Apart

• Experience with actuarial modeling software such as MG-ALFA or Moody's Analytics AXIS (formerly GGY AXIS).
• Experience supporting actuarial work related to product pricing, valuation, or risk management.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.

What we offer you

• Medical, dental, vision and life insurance
• Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time - 16 hours per calendar year
• Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.

Base Salary Range

$65,600.00 - $92,675.00

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer - Drug-free workplace

We are an equal opportunity employer with a commitment to diversity. All