Actuarial Technician

Navy Mutual Aid Association; Arlington (VA); On-site; USD 69,000 - 86,000; Full time

Job summary

Navy Mutual Aid Association is seeking an Actuarial Technician to provide technical and analytical support to the actuarial department. You will assist with data preparation, reporting, reserve support, pricing analysis, and experience studies to ensure accurate actuarial data and informed business decisions.

The role collaborates with teams across the company to automate reporting processes and support life insurance product financial results.

Qualifications

• Bachelor’s degree in a quantitative or business-related field.
• Strong Excel skills and analytical ability.
• Strong attention to detail and organizational skills.
• Experience in insurance, finance, or actuarial support preferred.

Responsibilities

• Compile, validate, and reconcile actuarial and insurance-related data.
• Prepare recurring actuarial reports, spreadsheets, and support exhibits.
• Assist with reserve analysis, pricing support, and experience studies.
• Maintain documentation, workpapers, and reporting procedures.
• Support audits, financial reporting, and regulatory reporting needs.
• Identify and resolve data discrepancies.
• Assist with process improvement and reporting automation efforts.
• Collaborate with cross-functional teams to obtain and verify required information.
• Assist in resolving non-standard policyholder questions and requests.
• Other duties as assigned.

Skills

Excel

Analytical ability

Attention to detail

Insurance/Actuarial knowledge

Education

Bachelor’s degree in a quantitative or business-related field

Job description

The Navy Mutual Aid Association is committed to helping military members grow and protect their wealth through providing life, annuity products, and services. Also, assisting Sea Service members and their families in securing federal benefits to which they may be legally entitled.

Formed in 1879, we are a non-profit, member-owned association that provides high-quality life insurance, financial education and other benefits to military families nationwide. Financially strong, Navy Mutual is proud to be a first-choice provider of life insurance to service members and their loved ones. Our team’s efforts to serve and protect our members and their loved ones is the reason that Navy Mutual enjoys outstanding customer satisfaction member retention ratings. Please find below a short video that reflects Navy Mutual Aid Association’s Mission and Values.

https://www.youtube.com/embed/60nERBKxwUo

The Actuarial Technician provides technical and analytical support to the actuarial department within a life insurance company. This role assists with data preparation, reporting, reserve support, pricing analysis, and experience studies. The incumbent ensures the accuracy of actuarial data and reports while supporting business decisions related to life insurance products and financial results. Job Brief:

The Senior Actuarial Technician will ensure NM data is accurate, help automate reporting processes, and collaborate with teams across the company to resolve unique policyholder requests.

Job Scope:

The Actuarial Technician supports the actuarial department through data analysis, reporting, reserve support, pricing analysis, and experience studies. The position is responsible for maintaining accurate actuarial data and providing reliable analysis to support life insurance products and financial results.

Duties and Responsibilities:

• Compile, validate, and reconcile actuarial and insurance-related data
• Prepare recurring actuarial reports, spreadsheets, and support exhibits
• Assist with reserve analysis, pricing support, and experience studies
• Maintain documentation, workpapers, and reporting procedures
• Support audits, financial reporting, and regulatory reporting needs
• Identify and resolve data discrepancies
• Assist with process improvement and reporting automation efforts
• Collaborate with cross-functional teams to obtain and verify required information
• Assist in resolving non-standard policyholder questions and requests
• Additional duties depending on industry experience of candidate
• Other duties as assigned

Qualifications:

• Bachelor’s degree in a quantitative or business-related field
• Strong Excel skills and analytical ability
• Strong attention to detail and organizational skills
• Experience in insurance, finance, or actuarial support preferred

Navy Mutual offers a comprehensive total rewards package to include competitive compensation and benefit programs. Information on these benefit programs is available at Navy Mutual Career Page.

This position has an annualized market-based salary range of $69,000 - $86,000 and is eligible to participate in the Association’s bonus program. The final salary offered will generally fall within this range. Multiple factors are taken into consideration to arrive at the compensation package offered to the selected candidate. Factors include, among others, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.

At this time, Navy Mutual will not sponsor a new applicant for employment authorization for this position.

Navy Mutual Aid Association is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.