Senior Actuarial Associate

Allegheny County Bar Association; New York (NY); Hybrid; USD 70,000 - 90,000; Full time

Job summary

A leading company in the legal sector is offering an exciting opportunity for actuarial trainees. This role involves a comprehensive training program that emphasizes both theoretical and practical aspects of actuarial science, alongside substantial support for exam completion. The position is office-based from Tuesday to Thursday, promoting a balanced work-from-home schedule on other days.

Qualifications

• ASA working toward FSA designation or recent FSA.
• Full-time actuarial or analytical experience preferred.
• Cumulative GPA of 3.0 or higher is preferred.

Responsibilities

• Develops premiums and benefits for new and enhanced insurance products.
• Designs new products and product features.
• Quantifies company risk exposure and proposes ways to minimize risk.

Skills

Communication

Analytical Thinking

Decision Making

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance

Tools

Modeling packages

Programming languages

Spreadsheet/database software

Job description

Job Description

We provide our actuarial trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support towards the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that will enable advancement through the company and prove valuable throughout one's career. Employees in the program are expected to be in the office from Tuesday to Thursday with Monday and Friday designated as work at home days.

• Develops premiums and benefits for new and enhanced insurance and annuity products.
• Designs new products and product features.
• Projects profitability generated by Company’s products.
• Prepares studies of financial experience.
• Analyzes matching of assets and liabilities including developing optimal investment strategy.
• Quantifies company risk exposure and proposes ways to minimize risk
• Assists in the determination of dividend scales.
• Performs actuarial research and statistical analyses.
• Performs special projects as assigned.

Job Requirements

Qualifications:

Qualifications:

• ASA working toward FSA designation in the Society of Actuaries or recent FSA
• Full-time actuarial or analytical experience,
• Prefer cumulative GPA of 3.0 or higher
• Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance
• Strong communication and interpersonal skills
• Analytically minded
• Strong decision making abilities
• Knowledge of modeling packages, programming languages, and spreadsheet/database software