Actuarial Assistant

Overview

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better. We’re a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand. By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better.

Responsibilities

• Support the Actuary, Model Governance and VP & Corporate Actuary in the timely execution of corporate actuarial deliverables.
• Review and analyze models built using GGY Axis, Excel, SQL, or other software to ensure they are fit for the intended purpose and built according to the model specifications.
• Perform appropriate sensitivities on models as requested.
• Help to automate our procedures and processes outside of the GGY Axis actuarial modeling software to enhance accuracy and efficiency.
• Support the building and maintenance of custom models as needed to analyze movements in key metrics, or to serve as interim models until more robust models are developed by model development team in GGY Axis.
• Support the building and review of models for the projection of new reinsurance structures with parent or external companies, and prepare comprehensive documentation as required in support of analysis.
• Document and communicate clearly the results of all reviews and analysis highlighting all potential issues to manager and key stakeholders.
• Serve as the model code peer reviewer or perform model validation as work demands warrant.
• Perform attribution analysis and investigation of drivers of earnings and profitability under Statutory, LDTI, Tax, IFRS, and JICS reporting, and other analysis as appropriate.

Qualifications

• Education: BS/BA Math/Statistics
• Experience: Minimum of 3 years of life insurance/actuarial experience, Term and Secondary Guaranteed UL experience preferred, Pension Risk Transfer (PRT) experience is a plus, Model development or modeling experience required
• Skills: Actuarial software skills – GGY-AXIS experience key requirement, Spreadsheet and database capabilities (Excel, VBA, SQL), Strong actuarial analytical skills and problem-solving ability, Proficient written and oral communication skills, Ability to multi-task in a deadline-oriented environment

What's in it for you?

• Expected hiring compensation range: $80,800 - $110,000 annually
• Total compensation package includes: sign-on bonus, long term incentives, and annual bonuses
• Benefits: Health, life, and dental insurance, 401K with company match up to 6%, pension package, generous time off, and wellbeing initiatives