Actuary

Jobtailor; Livonia (MO); On-site; USD 120,000 - 170,000; Full time

Job summary

Jobtailor is seeking an experienced actuary to lead valuation, reserving, and asset-liability modeling for life insurance and annuity products. The role focuses on advanced data analytics, programming in Access and SQL Server, and ensuring compliance with applicable state and federal regulations.

Candidates should have eight years of actuarial experience, ASA and CERA designations preferred, and strong analytical and problem-solving skills.

Qualifications

• Bachelor’s Degree in Actuarial Science, Computer Science, Mathematics, or a related field.
• Associate of the Society of Actuaries (ASA) Designation or equivalent work experience.
• Minimum of eight years’ experience in the actuarial field.
• Life insurance and/or annuity experience preferred.
• Chartered Enterprise Risk Analyst (CERA) Designation strongly preferred.
• Strong analytical and problem-solving skills.
• Advanced experience with an actuarial modeling system.
• Highly proficient programming in Access.
• Proficient in Excel.
• Knowledge of state and federal product regulations, including nonforfeiture regulations, valuation regulations, actuarially related state filing regulations, and illustration actuary requirements.
• Ability to identify improvements and enhance routine functions such as financial reporting.
• Ability to program and test in Access and SQL Server database environments.
• Ability to analyze results for reasonableness.
• Ability to learn company operations, systems, and actuarial methodologies quickly.
• Must not require or may not require employer-sponsored immigration support now or in the future; AAA Life Insurance Company does not offer sponsorship for H-1B, TN, or STEM OPT

Responsibilities

• Perform actuarial responsibilities including valuation and reserving, asset liability modeling, economic capital modeling, cash flow testing, pricing and product development, data analytics and data science, product management, underwriting, and risk pricing
• Interact with all areas of the company and coach less experienced actuaries
• Assist in planning and organizing short- and long-term activities to achieve established goals
• Stay current on trends impacting the life insurance and annuity business
• Develop, enhance, govern, and maintain asset and liability models for life insurance and annuities
• Support valuation, corporate planning, investment analysis, cash flow testing, principle-based reserving, and reinsurance modeling use cases
• Price, model, file, implement, and analyze profitability and assumptions for life and annuity products
• Ensure new products comply with state and federal regulations and meet profitability objectives
• Manage statutory, GAAP, and tax valuation activities
• Create or assist with actuarial financial reporting for the finance department
• Analyze in-force and experience study results and recommend strategies supporting product profitability and new business sales objectives
• Support innovation in risk selection and risk pricing using traditional A/E studies, statistical analysis, and machine learning

Skills

Valuation

Reserving

Asset Liability Modeling

Data Analytics

Cash Flow Testing

Pricing

Product Development

Statistical Analysis

Machine Learning

SQL Programming

Financial Reporting

Education

Bachelor’s Degree in Actuarial Science, Computer Science, Mathematics, or related field

ASA Designation

CERA Designation

Tools

Access

Excel

SQL Server

Job description

• Perform actuarial responsibilities including valuation and reserving, asset liability modeling, economic capital modeling, cash flow testing, pricing and product development, data analytics and data science, product management, underwriting, and risk pricing


• Interact with all areas of the company and coach less experienced actuaries


• Assist in planning and organizing short- and long-term activities to achieve established goals


• Stay current on trends impacting the life insurance and annuity business


• Develop, enhance, govern, and maintain asset and liability models for life insurance and annuities


• Support valuation, corporate planning, investment analysis, cash flow testing, principle-based reserving, and reinsurance modeling use cases


• Price, model, file, implement, and analyze profitability and assumptions for life and annuity products


• Ensure new products comply with state and federal regulations and meet profitability objectives


• Manage statutory, GAAP, and tax valuation activities


• Create or assist with actuarial financial reporting for the finance department


• Analyze in-force and experience study results and recommend strategies supporting product profitability and new business sales objectives


• Support innovation in risk selection and risk pricing using traditional A/E studies, statistical analysis, and machine learning

Requirements

• Bachelor’s Degree in Actuarial Science, Computer Science, Mathematics, or a related field


• Associate of the Society of Actuaries (ASA) Designation or equivalent work experience


• Minimum of eight years’ experience in the actuarial field


• Life insurance and/or annuity experience preferred


• Chartered Enterprise Risk Analyst (CERA) Designation strongly preferred


• Strong analytical and problem-solving skills


• Advanced experience with an actuarial modeling system


• Highly proficient programming in Access


• Proficient in Excel


• Knowledge of state and federal product regulations, including nonforfeiture regulations, valuation regulations, actuarially related state filing regulations, and illustration actuary requirements


• Ability to identify improvements and enhance routine functions such as financial reporting


• Ability to program and test in Access and SQL Server database environments


• Ability to analyze results for reasonableness


• Ability to learn company operations, systems, and actuarial methodologies quickly


• Must not require or may not require employer-sponsored immigration support now or in the future; AAA Life Insurance Company does not offer sponsorship for H-1B, TN, or STEM OPT

Core Competencies

Demonstrates expertise in actuarial responsibilities including valuation, reserving, and asset liability modeling, with a strong focus on life insurance and annuities. Proficient in data analytics, programming in Access and SQL, and ensuring compliance with state and federal regulations.

Highest-signal resume keywords

• Actuarial Modeling System Experience


• Associate of the Society of Actuaries (ASA)


• Chartered Enterprise Risk Analyst (CERA)


• Advanced Programming in Access


• Knowledge of State and Federal Product Regulations

ATS Optimization Keywords

Hard Skills

• Valuation


• Reserving


• Asset Liability Modeling


• Data Analytics


• Cash Flow Testing


• Pricing and Product Development


• Statistical Analysis


• Machine Learning


• SQL Programming


• Financial Reporting

Soft Skills

• Analytical Skills


• Problem-Solving Skills


• Coaching


• Organizational Skills


• Communication Skills

Certifications & Qualifications

• Associate of the Society of Actuaries (ASA)


• Chartered Enterprise Risk Analyst (CERA)

Industry Keywords

• Life Insurance


• Annuities


• Principle-Based Reserving


• Reinsurance Modeling


• Nonforfeiture Regulations


• Valuation Regulations


• Actuarially Related State Filing Regulations

Tools & Technologies

• Access


• Excel


• SQL Server