Actuarial Student

Jackson; Lansing (MI); On-site; USD 70,000 - 100,000; Full time

Job summary

Jackson in Lansing, MI seeks an actuarial analyst to perform routine actuarial processes across product development, financial modeling, and reporting. You will learn product lines, run models, and contribute to reserves and pricing under supervision.

You will prepare outputs, study material for actuarial exams, and communicate findings to the team. A bachelor’s degree in a relevant field and SOA exam progress are required, with further designation preferred.

Qualifications

• Bachelor's degree in a relevant field (Actuarial Science, Math, Stats, Economics or CS).
• Successful completion of one SOA exam is required.
• Pursuit of ASA or FSA designation is preferred.

Responsibilities

• Develops understanding of Jackson’s insurance products.
• Learns actuarial tools for modeling cash flows and data analysis.
• Participates in small team meetings and manages time to meet deadlines.
• Communicates with manager and peers using email and Teams.
• Follows guidance for updating modeling tools and production processes.
• Produces actuarial outputs such as reserves, cash flows, and pricing.

Skills

Advanced math

Data analysis

Programming exposure

Communication

Time management

Problem solving

Analytical thinking

Education

Actuarial/Math degree

Tools

Microsoft Excel

Actuarial software

Programming basics

Job description

Job Purpose

Under direction, responsible for routine actuarial processes in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. Performs activities related to the application of basic actuarial principles for insurance/finance.

Essential Responsibilities

• Develops an understanding of Jackson’s insurance products.
• Learns the functionality of actuarial tools used for modeling cash flows, manipulating data, and/or analyzing data.
• Actively participates in small team meetings.
• Manages own time to meet defined deadlines.
• Communicates with peers and manager, orally and in writing, using such tools as email and Microsoft Teams.
• Follows guidance for implementing changes to the coding and structure of actuarial tools, as assigned.
• Completes processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
• Follows procedures and execute controls for production processes.
• Studies material and sits for actuarial exams in accordance with the Education Program.

Other Duties

• Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

• Ability to apply advanced mathematical/statistical concepts to work product.
• General knowledge of insurance products.
• Knowledge of basic Microsoft applications, exposure to programming.
• Ability to follow defined processes for updating and running actuarial models or programs.
• Ability to effectively communicate with manager and team members verbally and in written form.
• Ability to work on multiple projects with shifting priorities and meet deadlines.
• Ability to apply creativity and deductive reasoning to solve problems.
• Ability to analyze and validate own work product.

Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science or related field of study required.
• Successful completion of one Society of Actuaries (SoA) exam required.
• Continuing efforts to pass SoA courses to obtain ASA designation required or FSA designation preferred.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.