Associate Actuary
$117,730–$175,450 year
HybridChesterfield, Missouri, United States
Job Summary
Develop mortality, lapse, and other assumptions by analyzing retrospective studies, predictive models, and risk selection programs. Evaluate data from new risk selection tools to determine if outcomes match expectations, recommend improvements or assumption updates, and document findings for internal and external stakeholders. Proactively monitor the use of new risk selection tools, participate in special projects and presentations, and perform peer reviews to ensure analyses and deliverables are completed timely. Challenge framework standards and collaborate with senior executives and clients to interpret analyses and drive continuous improvement in actuarial processes.
Required Qualifications
- Bachelor's degree in Actuarial Sciences, Economics, Finance, Math, Statistics or related field
- FSA accreditation
- 6+ years of actuarial experience in life insurance and/or reinsurance
- Advanced actuarial technical skills
- Advanced knowledge of life insurance products and pricing
- Demonstrated understanding of reinsurance concepts and methods
- Advanced PC skills, including spreadsheet and database applications
- Demonstrated understanding of key assumptions, such as mortality and lapse, and the factors that influence them
- Ability to challenge and enhance analytical capabilities
- Understanding of experience studies, data analysis and protective value
- Advanced oral and written communication skills, including presentation skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Advanced investigative, analytical and creative problem solving skills
- Advanced ability to translate business needs and problems into viable/accepted solutions
- Advanced interpersonal skills, demonstrating the ability to work effectively with different teams and disciplines across the organization and key external contacts
- Demonstrated flexibility and adaptability within a fluid environment
- Adaptable, self-starting and team-oriented
- Willingness to travel as needed
Desired Qualifications
- 3-5+ years of experience in: Reinsurance pricing, and/or Life insurance pricing, and/or Life insurance assumption development, particularly mortality
- Publications in industry media and/or presentation at industry conferences, webcasts, etc.
- Advanced ability to compile, analyze, refine and interpret large amounts of data
- Ability to take ownership in projects and drive them to completion, including setting appropriate goals, coordinating resources, properly assessing risks, resolving issues, and communicating to key stakeholders in an appropriate and timely manner, while adapting to changing priorities
- Proficiency in statistical analysis tools (e.g. R)
- Advanced understanding of reinsurance concepts and methods
- Knowledge of reinsurance pricing frameworks
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