Associate Actuary – Model Projections

Job Overview

Ameritas is looking for our next Associate Actuary to join our Corporate Actuarial Projections team. This position is a department subject matter expert on actuarial model use cases.

This detail-oriented, results-driven individual will have good knowledge of industry practices and standards and ability to deliver on any assigned responsibilities.

Job Description

This position is responsible for providing actionable information that enables good business decisions along with designing and managing project initiatives and business processes within job area. At Ameritas, our mission is Fulfilling Life.

We do that in many ways, but especially by helping people invest in themselves by offering trusted financial products and advice.

This role could be hybrid (Lincoln, NE / Cincinnati, OH) or remote based on proximity to an office location.

Enhance and streamline the model projections process.

Key Responsibilities

• This detail-oriented, results-driven individual will have good knowledge of industry practices and standards and ability to deliver on any assigned responsibilities.
• This position is essential for the company's management of risk and to assure the appropriate level of profitability and compliance.
• This position is responsible for providing actionable information that enables good business decisions along with designing and managing project initiatives and business processes within job area.
• Because we believe everyone should be happy, healthy, and financially secure, we work hard to provide trusted financial products and valued guidance, including individual life and disability insurance, employee benefits, retirement planning, investments, and wealth management services.
• What you do Run and analyze certain recurring actuarial model use cases such as Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Risk Based Capital, Liquidity Testing, and Financial Forecasting Be a subject matter expert on life insurance and/or annuity modeling.
• Collaborate with other team members to deliver timely model results and analysis that will support management’s ability to make strategic decisions Lead and support others in project management and trouble-shooting of large-scale development initiatives.
• Perform and document both dynamic and static validations (analysis of change and results, policy audits, initial values) Identify and support any process improvements Support the Prophet model development life cycle, adhering to Model Risk Management policies and procedures Compile and analyze data, using statistical formulas and other actuarial methods – including the review of others’ work Set up, test, validate and maintain actuarial models for the specified actuarial use cases Help implement procedures to comply with new regulatory, control or governance requirements Respond to requests for information from actuaries, accountants, auditors, management and other associates, as well as external stakeholders, providing actuarial analysis where appropriate Provide guidance, training and peer review for other actuarial associates Collaborate with stakeholders throughout the organization on business initiatives What you bring Bachelor’s Degree or equivalent experience in Actuarial Science, Mathematics, Statistics or related field 4-7+ years of actuarial modeling experience, preferably with indexed life and/or annuity with living benefit experience Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
• Ability to balance competing priorities to produce and facilitate others’ production of high-quality deliverables in a fast-paced environment Ability to accurately perform detailed calculations with a high-level of understanding required.

Required Skills and Qualifications

• This detail-oriented, results-driven individual will have good knowledge of industry practices and standards and ability to deliver on any assigned responsibilities.
• Perform and document both dynamic and static validations (analysis of change and results, policy audits, initial values) Identify and support any process improvements Support the Prophet model development life cycle, adhering to Model Risk Management policies and procedures Compile and analyze data, using statistical formulas and other actuarial methods – including the review of others’ work Set up, test, validate and maintain actuarial models for the specified actuarial use cases Help implement procedures to comply with new regulatory, control or governance requirements Respond to requests for information from actuaries, accountants, auditors, management and other associates, as well as external stakeholders, providing actuarial analysis where appropriate Provide guidance, training and peer review for other actuarial associates Collaborate with stakeholders throughout the organization on business initiatives What you bring Bachelor’s Degree or equivalent experience in Actuarial Science, Mathematics, Statistics or related field 4-7+ years of actuarial modeling experience, preferably with indexed life and/or annuity with living benefit experience Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
• Ability to balance competing priorities to produce and facilitate others’ production of high-quality deliverables in a fast-paced environment Ability to accurately perform detailed calculations with a high-level of understanding required.
• Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed required.
• Ability to communicate technical concepts to a non-technical audience required Ability to work effectively both independently and as part of a team required Prophet software knowledge strongly desired.
• SQL experience is beneficial and useful Associate or Fellow of the Society of Actuaries designation desired.
• 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.

Benefits and Perks

• Because we believe everyone should be happy, healthy, and financially secure, we work hard to provide trusted financial products and valued guidance, including individual life and disability insurance, employee benefits, retirement planning, investments, and wealth management services.
• What you do Run and analyze certain recurring actuarial model use cases such as Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Risk Based Capital, Liquidity Testing, and Financial Forecasting Be a subject matter expert on life insurance and/or annuity modeling.
• Perform and document both dynamic and static validations (analysis of change and results, policy audits, initial values) Identify and support any process improvements Support the Prophet model development life cycle, adhering to Model Risk Management policies and procedures Compile and analyze data, using statistical formulas and other actuarial methods – including the review of others’ work Set up, test, validate and maintain actuarial models for the specified actuarial use cases Help implement procedures to comply with new regulatory, control or governance requirements Respond to requests for information from actuaries, accountants, auditors, management and other associates, as well as external stakeholders, providing actuarial analysis where appropriate Provide guidance, training and peer review for other actuarial associates Collaborate with stakeholders throughout the organization on business initiatives What you bring Bachelor’s Degree or equivalent experience in Actuarial Science, Mathematics, Statistics or related field 4-7+ years of actuarial modeling experience, preferably with indexed life and/or annuity with living benefit experience Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
• Great benefits.
• A vibrant culture Ameritas is an insurance, financial services and employee benefits provider Our purpose is fulfilling life.
• 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.

Work Location and Schedule

This role is listed as Remote USA with location information shown as Remote USA. The employment type is Full Time.

About the Company

Ameritas is the organization connected with this listing. USA Jobs Today displays this opportunity for job discovery only, so applicants should verify company details, application instructions, and eligibility on the official employer website.