Actuary

Security Benefit; Overland Park (KS); On-site; USD 85,000 - 105,000; Full time

Benefits offered by this job

Competitive salary

33 days of paid time off

401(k) with company match

Comprehensive medical, dental & vision insurance

Job summary

Security Benefit in Overland Park, Kansas is seeking an experienced Associate Actuary to provide actuarial analysis and support for strategic objectives. This role involves performing statutory modeling, analyzing in-force business, and collaborating with various departments. Candidates should have at least five years of actuarial experience, a degree in Actuarial Science or Mathematics, and strong programming skills, including familiarity with VBA and Excel. Full-time role with competitive salary and robust benefits including 33 days of paid time off.

Qualifications

• Minimum five years of actuarial experience required.
• Annuity Statutory Modeling experience preferred.
• Experience with actuarial modeling software preferred.

Responsibilities

• Perform mathematical and financial calculations.
• Support preparation of actuarial memorandum, exhibits and reports.
• Test model enhancements, including regression and unit testing.

Skills

Strong programming skills including VBA

Analytical skills

Financial modeling

Attention to detail

Education

Bachelor's degree in Actuarial Science or Mathematics

Associate or Fellow of Society of Actuaries credential

Tools

Prophet

Excel

Job description

Overview

We’re Looking for an experienced Associate Actuary!

About the Company

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. Security Benefit is a PLACE where we promise to help our customers To and Through Retirement®.

We’re proud to have been recognized as one of the best in the business:

• 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

The Associate Actuary provides actuarial analysis and technical skills in support of fulfilling the strategic objectives for the Valuation Actuarial Department within Security Benefit Life Insurance Company. The associate contributes to the management and financial success of life, annuity and retirement products by performing Statutory modeling, attribution analysis, analyzing in-force business, and performing model testing duties. Candidates must possess strong programming, financial and analytical skills and be able to successfully work with the Model Development, Planning, Pricing, and ERM Departments in support of a variety of actuarial initiatives.

This position reports to the AVP & Actuary, and will be based out of our home office in Topeka, Kansas, or our Overland Park, Kansas office. We work a hybrid schedule, offering flexibility to work both remotely and on-site.

Responsibilities

• Perform mathematical and financial calculations
• Asset Adequacy Testing and VM-21 modeling, and Statutory modeling
• Support preparation of actuarial memorandum, exhibits and reports
• Interpret and analyze model results from actuarial software systems
• Test model enhancements, including regression and unit testing
• Perform other tasks as assigned

What We’re Looking For

• Bachelor’s degree with major or minor in Actuarial Science or Mathematics
• Associate or Fellow of Society of Actuaries credential
• Minimum five years of actuarial experience
• Annuity (FIA, VA, FA) Statutory Modeling experience preferred
• Experience with actuarial modeling software preferred; using Prophet a plus
• Strong computer skills including Excel and actuarial software
• Strong programming / scripting skills including VBA, SQL, or Python preferred
• Good written and verbal communication skills
• Strong problem solving, analytical and decision-making skills
• Strong initiative and ability to work independently

Why Choose Security Benefit

When you join our team, you’re not just getting a paycheck — you’re getting a career path full of growth opportunities, plus a robust benefits package that puts your well-being first. Here’s what you can expect as a full-time Security Benefit associate:

• 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.