Actuarial Associate - Risk and Planning

Security Benefit; Topeka (KS); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Competitive salary

Paid time off

Medical/dental/vision insurance

401(k) with company match

Educational assistance

Job summary

Security Benefit, a leader in the U.S. retirement market, seeks an Actuarial Associate, ERM & Planning. You will own Prophet-based projections supporting ORSA, CISSA filings, capital planning, and enterprise stress testing across Security Benefit Life and an offshore reinsurer.

Lead multi-year projections, validate assumptions, and translate results for the CRO. Collaboration with Finance, Investments, and Legal ensures accurate inputs and timely reporting.

Qualifications

• Bachelor’s degree in actuarial science or related field.
• ASA designation or progress toward ASA.
• 3+ years of actuarial experience in financial modeling/ALM/ORSA.

Responsibilities

• Develop and maintain Prophet-based financial projection models for ORSA, CISSA, capital planning, and stress testing.
• Own multi-year projections, conduct stress tests, and assess capital adequacy across entities.
• Prepare and validate model inputs, assumptions, and actuarial tables; translate outputs into clear summaries for decision makers.
• Coordinate with Finance, Investments, and Legal to align inputs and assumptions; raise issues timely.
• Improve modeling efficiency through automation and maintain documentation for audit readiness.

Skills

Actuarial modeling

Python

SQL

VBA

Strong production ownership

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or related field

ASA designation or exam progress toward ASA

Tools

Prophet

Job description

We're Looking for an experienced Actuarial Associate!

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®.

• 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, ERM & Planning you will serve as the core production resource within the Risk & Planning actuarial cluster, responsible for developing, maintaining, and executing Prophet‑based financial projection models that support the Company’s Own Risk and Solvency Assessment (ORSA), CISSA filings, capital planning, and enterprise stress testing activities across Security Benefit Life and an offshore reinsurer.

• Develop, maintain, and execute complex Prophet‑based financial projection models supporting ORSA, CISSA, capital planning, and enterprise risk management activities across Security Benefit Life and the offshore reinsurer
• Own day‑to‑day execution of multi‑year financial projections, stress testing scenarios, and capital adequacy analyses — maintaining progress and meeting deadlines independently, including on days when the part‑time Associate Actuary is not scheduled
• Perform asset‑liability management (ALM) analyses by incorporating asset projections, reinvestment strategies, and investment assumptions into enterprise financial projections
• Prepare and validate economic scenarios, model inputs, actuarial assumptions, model point files, and actuarial tables; evaluate the impact of market, interest rate, credit, and policyholder behavior risks on financial results, capital adequacy, and RBC metrics
• Produce actuarial projection outputs for the annual ORSA filing for SBL and the offshore reinsurer, delivering modeled results to the Senior ERM Analyst on schedule for report integration
• Translate complex modeling outputs into clear, decision‑ready summaries for the Actuary and CRO ahead of ERM Committee review
• Coordinate with cross‑functional partners including Finance, Investments, and Legal to obtain accurate inputs and align on planning assumptions; elevate modeling issues, timeline risks, or assumption conflicts to the Actuary, ERM & Planning in a timely manner
• Improve modeling efficiency through automation and process enhancements; create and maintain clear model documentation supporting team continuity, knowledge transfer, and audit readiness

What We’re Looking For

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field
• ASA designation or demonstrated exam progress toward ASA
• 3+ years of actuarial experience, preferably in financial modeling, financial projections, asset‑liability management (ALM), valuation, or related actuarial functions
• Strong production ownership: manages modeling workload independently and meets deadlines without requiring daily oversight
• Strong technical communication skills: translates actuarial model results into clear summaries for the Actuary and CRO
• Experience with actuarial projection and financial modeling software, including Prophet or similar platforms (preferred)
• Familiarity with ORSA, CISSA, stress testing, capital planning, and enterprise risk management concepts (preferred)
• Knowledge of life insurance and annuity products, including fixed and indexed annuities (preferred)
• Programming experience with Python, SQL, VBA, or similar analytical tools (preferred)
• Exposure to multi‑entity, reinsurance, captive, or offshore insurance structures including BMA and CIMA‑regulated entities (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.