Senior Actuarial Associate, IL Pricing

About the role

The Senior Actuarial Associate supports the Individual Life business function in pricing new opportunities, reviewing models and assumptions, managing inforce business, and conducting market research.

Responsibilities

• Pricing new opportunities
• Manage client initiatives to understand key risks and set appropriate prices
• Build models to analyze profitability of potential deals
• Summarize results and communicate to Senior Management
• Managing Inforce Business
• Review existing business to understand drivers of profitability
• Reviewing Models and Assumptions
• Maintain model templates and develop tools to improve efficiency
• Perform analysis of actuarial assumption updates
• Conducting Market Research
• Perform research on market trends among clients and competitors

Requirements

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• 3+ years actuarial employment in the life insurance/reinsurance industry
• ASA designation with progress towards FSALife insurance or reinsurance knowledge preferred
• Insurance or reinsurance pricing knowledge preferred
• Ability to learn how to efficiently use various software packages (AXIS for pricing, Microsoft Excel, SQL)
• Ability to communicate output/results effectively

Qualifications

Comprehensive Medical Plans, PTO and Family Leave, Retirement Savings Plans, Dental and Vision Plans, Life and Disability insurance, Employee Assistance Program, Adoption Assistance, Wellness Programs - Calm, WW, SoFI, Virgin Pulse, Commuter Benefits, FSA and HSA Plans, Hospital Indemnity, Critical Illness and Accident Plans

Benefits

• Comprehensive Medical Plans
• PTO and Family Leave
• Retirement Savings Plans
• Dental and Vision Plans
• Life and Disability insurance
• Employee Assistance Program
• Adoption Assistance
• Wellness Programs - Calm, WW, SoFI, Virgin Pulse
• Commuter Benefits
• FSA and HSA Plans
• Hospital Indemnity, Critical Illness and Accident Plans

Skills

• Actuarial knowledge
• Software proficiency (AXIS for pricing, Microsoft Excel, SQL)
• Communication skills

Benefits

• Comprehensive Medical Plans
• PTO and Family Leave
• Retirement Savings Plans
• Dental and Vision Plans
• Life and Disability insurance
• Employee Assistance Program
• Adoption Assistance
• Wellness Programs - Calm, WW, SoFI, Virgin Pulse
• Commuter Benefits
• FSA and HSA Plans
• Hospital Indemnity, Critical Illness and Accident Plans

Pay

The base salary range for this position is $144,000 to $168,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

Schedule

Not specified