Actuarial Developer

About the role

In this role, you will be a member of the actuarial valuation team responsible for assisting in maintaining technology-driven actuarial processes used to produce, analyze, and review reserves and related financial information for Banner, William Penn, and all associated captive reinsurance entities. In addition to the maintenance and development of core reporting processes, you will recommend strategic solutions that impact the business unit results with an aim towards supporting team projects and improving valuation procedures. This will often involve participating in cross-functional projects and working closely with key stakeholders across the company.

Responsibilities

• Valuation Process Maintenance
  • Maintain processes implemented in the cloud.
  • Leverage Azure and Databricks to maintain controlled valuation processes used for monthly reporting.
  • Perform data transformation.
  • Assist in maintaining and adjusting data to ensure actuarial data pipelines remain functional to support the monthly valuation process.
  • Implement process changes and optimization.
  • Support development of program backend changes in the valuation process to ensure flexibility and automation.
  • Assist in code reviews and deployment of changes to actuarial processes into production environments using tools for version control (e.g., GIT).
• Research & Implementation
  • Use information technology and database solution business knowledge to advise the implementation of projects that support technological and accounting changes, including adoption of new valuation systems, regulations, guidelines, accounting methods, and technological solution updates.
  • Collaborate with internal and external teams to ensure smooth continued valuation operations, including discussions with modeling, finance, audit, and IT departments to incorporate new items into downstream reporting processes.
  • Proactively identify areas for process improvement (e.g., automation of procedures) and recommend and implement solutions to exploit the benefits of improvement opportunities.
• Valuation Process & Reporting
  • Support the team in producing monthly reserves according to Statutory and Tax accounting requirements and actuarial principles.
  • Compile information for schedules and exhibits included in the Quarterly and Annual Statement.
  • Process year-end valuation materials for Maryland and New York DOI.
  • Assist in ensuring all monthly, quarterly, and annual closing deadlines are met by proactively monitoring valuation checklists and schedules, understanding process dependencies and coordinating across the valuation team.
  • Support reinsurance solutions including captive insurance companies and surplus relief, in addition to traditional forms of reinsurance.
  • Compile reinsurance financial reports and review settlements for all reinsurance entities.
• Other Duties
  • Promote company culture by demonstrating our core behavioral competencies: Collaborative, Purposeful and Straightforward.
  • Comply with relevant professional development requirements and guidelines.
  • Support additional projects as required.

Qualifications

• Education
  • BS/BA in Actuarial Science, Information Systems, Computer Science, or related field.
  • Associate of the Society of Actuaries.
• Experience/Knowledge
  • 5+ years of actuarial experience, life insurance and/or valuation preferred.
  • Minimum three years of experience in data and technology space with database administration and writing code for querying data using SQL, NoSQL, etc.
  • Minimum one year of professional experience with programming languages such as Python, R, or Spark using version control / GIT.
  • Python experience required.
  • Experience with implementing and maintaining modern data solutions within cloud architecture in either AWS or Azure ecosystem.
• Skills
  • Ability to work independently and collaboratively.
  • Strong actuarial analytical skills and problem-solving capabilities.
  • Spreadsheet and database capabilities (Excel, SQL, Python), including programming and integrating with the cloud.
  • Ability to communicate with technical audiences of varying actuarial backgrounds.
  • Strong self-motivation and attention to detail.

Pay

The expected hiring compensation range for this position is $109,900 – $137,400 annually.

Schedule

This is a remote opportunity, operating on EST.

Benefits

• Eligible to participate in the Annual Incentive Plan; current target payment is 20% of base salary, modified for corporate and individual performance.
• 20 vacation days and 10 sick days accrued bi-weekly.
• 9 paid holidays throughout the calendar year.
• Health, life, and dental insurance.
• 401K with company match up to 6% as well as a pension package.
• Wellbeing initiatives throughout the year.
• Professional development support and mentorship.
• Volunteer time off.