Actuarial Associate - Product Management & Pricing

Security Benefit; Topeka (KS); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive salary

Paid time off

Parental leave

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Profit sharing

Disability insurance

Life insurance

Educational assistance

Wellbeing programs

Job summary

Security Benefit, a leader in the U.S. retirement market, seeks an Actuarial Associate to drive pricing analytics and product insights for annuity and retirement offerings.

You will develop models, perform financial analysis, and prepare actuarial exhibits while collaborating with Sales, Finance, Legal, and Operations in a hybrid home-office setting. The role requires an ASA or active path with 3+ years of actuarial experience, strong programming skills (Prophet, VBA, SQL, Python or R), and

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, or a related field.
• Actuarial Associate: 3+ years of relevant actuarial experience and an ASA designation.
• Senior Actuarial Assistant: 2+ years of relevant actuarial experience and 4 SOA exams passed.
• Strong programming and scripting in VBA, C++, C#, SQL, Python, or R.
• Advanced proficiency in Microsoft Excel and actuarial software.
• Strong problem-solving, analytical and decision-making abilities.
• Excellent written and verbal communication; ability to work independently.
• Experience with actuarial modeling software; Prophet is a plus.
• Experience with annuity products pricing or product development preferred.

Responsibilities

• Perform actuarial modeling and financial analysis to support pricing and product decisions.
• Support design, pricing, implementation, and ongoing management of annuity products.
• Prepare actuarial exhibits and reports.
• Develop and enhance actuarial models using Prophet and other tools.
• Enhance automation and data solutions to improve modeling efficiency and reporting.
• Analyze profitability, risk, and sensitivity under various economic/regulatory scenarios.
• Perform other tasks as assigned.

Skills

Actuarial analysis

Pricing analytics

Modeling

Prophet

VBA

C++

C#

SQL

Python

R

Excel

Communication

Analytical thinking

Education

Bachelor’s degree in Actuarial Science/ Mathematics

ASA designation

Tools

Prophet

Actuarial software

Job description

We're Looking for an experienced Actuarial Associate!

About the Company

Security Benefit is a leader in the U.S. retirement market with more than $60 billion in assets under management. We offer opportunities to thrive, innovate, and make an impact. As part of our team, you’ll play a key role in driving the future of the U.S. retirement industry. Security Benefit is a PLACE where we promise to help our customers To and Through Retirement.

We’re proud to have been recognized as one of the best in the business:

• Named to Ward’s 50 list of top-performing life-health insurance companies
• Recognized on list of Ingram’s Top 100 Private Companies in the Kansas City area in 2024

About the Role

As an Actuarial Associate you will provide actuarial analysis and technical expertise in support of the strategic objectives for the Pricing Actuarial Department within Security Benefit Life Insurance Company. You will contribute to the management and financial success of annuity and retirement products by conducting product research, modeling and pricing new products, analyzing in-force business, and completing special projects — working closely with Sales, Marketing, Finance, Legal, and Operations across a variety of actuarial initiatives. This position reports to the Senior Director & Actuary and is based out of our home office in Overland Park or Topeka, Kansas. SB associates work in a hybrid environment with both remote and on-site work.

• Perform actuarial modeling and financial analysis to support pricing and product decisions
• Support the design, pricing, implementation, and ongoing management of annuity products
• Prepare actuarial exhibits and reports
• Develop, maintain, and enhance actuarial models using Prophet and other tools
• Develop and enhance automation and data solutions to improve modeling efficiency and reporting
• Analyze profitability, risk, and sensitivity under various economic and regulatory scenarios
• Perform other tasks as assigned

What We’re Looking For

• Bachelor’s degree in Actuarial Science, Mathematics, or a related field
• Actuarial Associate: 3+ years of relevant actuarial experience and an ASA designation
• Senior Actuarial Assistant: 2+ years of relevant actuarial experience and a minimum of four Society of Actuaries examinations passed
• Strong programming and scripting skills in at least one of: VBA, C++, C#, SQL, Python, or R
• Advanced proficiency in Microsoft Excel and actuarial software
• Strong problem-solving, analytical, and decision-making abilities
• Good written and verbal communication skills and strong initiative to work independently
• Experience with actuarial modeling software; Prophet experience is a plus
• Experience with annuity products (Fixed, Fixed Index, or Variable) and actuarial pricing or product development preferred

Why Choose Security Benefit

• Competitive salary and annual incentive bonuses to reward your contributions.
• 33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
• Paid parental leave after 90 days of service.
• Comprehensive medical, dental & vision insurance.
• 401(k) with company match, plus Profit Sharing & Savings Plan.
• Short- and Long-Term Disability Insurance to give you peace of mind.
• Flexible Spending Accounts for medical and dependent care.
• Life Insurance to protect your loved ones.
• Educational assistance to support your career development.
• Associate assistance programs for your personal and professional well-being.

Ready to Make an Impact

Apply today by visiting our career page to submit your resume. We’re excited to meet you!

Security Benefit is an Equal Opportunity Employer.