Associate Actuary

Ameritas; Cincinnati (AR); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

401(k) with company match

Tuition reimbursement

Incentive program bonuses

Competitive pay

Flexible hybrid work

Job summary

Ameritas is seeking an experienced Actuary to provide actuarial services for Disability Income product development and management. You will model cash flows, interpret results for FP&A and senior management, and support decision making through risk-adjusted analyses.

The role combines in-office collaboration in Lincoln, NE or Cincinnati, OH with remote work, offering flexible hybrid options and a strong benefits package.

Qualifications

• 4-7 years of related experience required.
• Actuarial modeling experience required; Prophet modeling experience strongly preferred.
• ASA certification required; FSA and MAAA desired.

Responsibilities

• Manage DI products and initiatives with risk and profitability analysis.
• Perform stress testing and scenario analysis for strategic decisions.
• Develop and maintain actuarial models and governance.
• Collaborate cross-functionally to engage in financial planning and product initiatives.
• Interpret complex financial information for leadership audiences.

Skills

SQL programming

VBA

Python or R

Education

Bachelor's degree in actuarial science, mathematics, statistics, or related field

ASA (Associate, Society of Actuaries)

FSA (Fellow, Society of Actuaries)

MAAA (Member of the American Academy of Actuaries)

Tools

Prophet modeling

Job description

Provide actuarial services to create, support, maintain, and measure insurance products. Responsible for providing actionable information, enabling good business decisions while designing and managing project initiatives and business processes.

Create information and develop intelligence so that business leaders can make informed, risk-adjusted decisions on Disability Income (DI) product development and DI product management. Interpret complex financial information for various audiences (FP&A, Corporate Actuarial, and Individual Division senior management).

This is a hybrid role working partially in-office (Lincoln, NE or Cincinnati, OH) and partially from home.

What you do:

• Manage DI Products and Initiatives:
  • Manage risk and ensure the appropriate level of profitability through quarter end analysis and actuarial data analytics, visualization, and interpretation.
  • CFT (cash flow testing), ORSA (own risk solvency assessment), financial planning, and other major modeling projects; use actuarial models and interpret results for upper management.
  • Design and implement DI product development enhancements to achieve business results.
• Create a high performing culture through associate and business resources.
  • Develop partnerships within the organization to engage in cross-functional business initiatives including the Financial Planning process, modeling initiatives, or product initiatives.
  • Respond to requests for information from actuaries, accountants, auditors, management, and other associates including external stakeholders. Provide actuarial analysis where appropriate.
  • Perform stress testing and scenario analysis to equip management to make strategic decisions.
• Develop best-in-class actuarial models:
  • Monitor and evaluate model development change requests. Participate in actuarial model development and related model governance compliance.
  • Design, test, and maintain actuarial models for the specified actuarial purpose. Assist in the setting of actuarial assumptions.
• Compile and analyze data; using statistical formulas and other actuarial methods. Maintain solid model documentation to support model governance.

What you bring:

• 4-7 years of related experience required.
• Bachelor's degree in actuarial science, mathematics, statistics, or related field required.
• Actuarial modeling experience required; Prophet modeling experience strongly preferred.
• ASA (Associate, Society of Actuaries) required.
• FSA (Fellow, Society of Actuaries) desired.
• MAAA (Member of the American Academy of Actuaries) desired.
• SQL programming experience preferred.
• Programming experience preferred; VBA, R, Python or related experience desired.

What we offer:

A meaningful mission. Great benefits. A vibrant culture

Ameritas is an insurance, financial services and employee benefits provider Our purpose is fulfilling life. It means helping all kinds of people, at every age and stage, get more out of life.

At Ameritas, you’ll find energizing work challenges. Flexible hybrid work options. Time for family and community. But dig deeper. Benefits at Ameritas cover things you expect -- and things you don’t:

Ameritas Benefits

For your money:

• 401(k) Retirement Plan with company match and quarterly contribution.
• Tuition Reimbursement and Assistance.
• Incentive Program Bonuses.
• Competitive Pay.

For your time:

• Flexible Hybrid work.
• Thrive Days - Personal time off.
• Paid time off (PTO).

For your health and well-being:

• Health Benefits: Medical, Dental, Vision.
• Health Savings Account (HSA) with employer contribution.
• Well-being programs with financial rewards.
• Employee assistance program (EAP).

For your professional growth:

• Professional development programs.
• Leadership development programs.
• Employee resource groups.
• StrengthsFinder Program.

For your community:

• Matching donations program.
• Paid volunteer time– 8 hours per month.

For your family:

• Generous paid maternity leave and paternity leave.
• Fertility, surrogacy, and adoption assistance.
• Backup child, elder and pet care support.

An Equal Opportunity Employer

Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law.

Application Deadline

This position will be open for a minimum of 3 business days or until filled.

This position is not open to individuals who are temporarily authorized to work in the U.S.

About this Position's Pay

The pay range posted reflects a nationwide minimum to maximum covering all potential locations where the position may be filled. The final determination on pay for any position will be based on multiple factors including role, career level, work location, skill set, and candidate level of experience to ensure pay equity within the organization. This position will be eligible to participate in our comprehensive benefits package (see above for details). This position will be eligible to participate in our Short-Term Incentive Plan with the annual target defined by the plan.