Associate Actuary

Ameritas; Union Township (OH); Hybrid; USD 120,000 - 160,000; Full time

Benefits offered by this job

Hybrid work options

401(k) with company match

Tuition reimbursement

Incentive program bonuses

Competitive pay

Flexible time off

Job summary

Ameritas is seeking an actuarial professional to provide actuarial services to create, support, maintain, and measure insurance products, including DI product development and management. This hybrid role involves Lincoln, NE or Cincinnati, OH work locations with some from home.

You will interpret complex financial information for FP&A, Corporate Actuarial, and senior management, perform stress testing, develop models, and collaborate cross-functionally to enable risk-adjusted decisions.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, or related field.
• ASA certification is required.
• Actuarial modeling experience including Prophet modeling.
• SQL programming experience preferred.
• Programming with VBA, R, or Python preferred.

Responsibilities

• Manage DI products and initiatives with quarterly analysis and data interpretation.
• Perform CFT, ORSA, financial planning and other major modeling projects using actuarial models.
• Design and implement DI product development enhancements to drive business results.
• Foster a high performing culture across associates and resources.
• Collaborate on cross-functional initiatives including Financial Planning and modeling.
• Respond to information requests from actuaries, accountants, auditors, management and stakeholders.
• Perform stress testing and scenario analysis to support strategic decisions.
• Develop and monitor actuarial models; participate in governance and changes.
• Test and maintain models; assist in setting actuarial assumptions.
• Compile/analyze data with statistical methods and maintain documentation.

Skills

Experience 4-7 years

SQL programming

VBA

R

Python

Education

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

ASA certification

FSA (preferred)

MAAA (preferred)

Tools

Prophet

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.