Senior Actuarial Associate

ReliaStar Life Insurance Company

Remote · USFull-time$111K/yrSeen 1mo agoSeen in employer's feed 6 days ago

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At a glance

Compensation

$111K/yr

Location

Remote · US

Schedule

Full-time

Work Authorization

Not specified

Olive lists jobs from US employers, including remote roles you can work from the United States.

Requirements

Credentials this posting asks for.

3+ Actuarial Exams PassedBachelor's degree

Job overview

The Senior Actuarial Associate leads actuarial research, develops profitability, reserve, and valuation models, and supports regulatory reporting. The role consults on actuarial models and risk issues, analyzes experience and research results, and monitors actuarial and regulatory developments. It is 100% telecommuting and considers applicants residing in the continental U.S.

Skills & qualifications

RequiredNice to have

Skills

Actuarial ResearchActuarial MethodologiesActuarial ModelingProfitability ModelingReserve ModelingValuation ModelingProcess AutomationRegulatory ReportingInsurance ProductsRisk AnalysisActuarial AnalysisExperience StudiesData AnalysisPythonSQLSASAdvanced ExcelVBAAccess DatabaseOracle EssbaseRisk Agility Actuarial SoftwareMG-Triton Actuarial SoftwareFinancial ReportingReserve TestingCash Flow TestingGAAP ReportingStatutory ReportingStress TestingScenario AnalysisDistributable Earnings AnalysisReserve and Liability KnowledgeDynamic Lapse RatesProfitability MetricsInternal Rate of ReturnReturn on CapitalInterest Rate Impact AnalysisIn-Force Management ModelsRetirement ProductsGroup Annuity ProductsActuarial Assumptions

Qualifications

Bachelor's in Actuarial Science, Mathematics, or Related Field3+ Years Actuarial Associate or Related Experience3+ Actuarial Exams Passed

Benefits

401(k) Match

Medical Insurance

Paid Time Off

Full job description

Job Duties

TITLE: Senior Actuarial Associate

LOCATION: Reliastar Life Insurance Company, 250 Marquette Avenue, Suite 900, Minneapolis, MN 55401

DUTIES: Lead complex actuarial research, design methodologies, and conduct auditlevel reviews. Design, develop, and own profitability, reserve, and valuation models, procedures and/or similar processes. Develop and refine actuarial models; lead continuous improvement and automation initiatives. Work with Product, Modeling, Assumption teams to prepare and validate the actuarial memorandums and supporting files for regulators. Utilize knowledge of insurance products and actuarial concepts to provide consultation and clarification on actuarial models and risk issues. Serve as actuarial representative in crossfunctional committees (risk, product, finance). Apply actuarial techniques to analyze, interpret and communicate actuarial research results to senior actuaries, claims and regulators. Monitor and analyze developments in actuarial techniques and regulatory requirements. Perform standard actuarial analysis and experience studies. Extract, compile, and organize large data from systems and databases for analysis. 100% telecommuting position. Will consider applicants resident in the continental U.S.

Offered Salary: $110,510

Requirements: Bachelor’s degree or foreign degree equivalent in Actuarial Science, Mathematics or a closely related field, and three (3) years of experience working as an Actuarial Associate, Actuarial Assistant or related position. Must have passed at least 3 Actuarial Exams.

Experience must include: Strong programming skills in Python, SQL and SAS; Working with advanced Excel, VBA programming, Access Database, Oracle Essbase, Risk Agility Actuarial Software, or MG-Triton Actuarial Software; Working in Financial Reporting performing reserve and cash flow testing, GAAP/Statutory reporting, stress test/scenario analysis, distributable earnings analysis, and has knowledge of reserve/liability, and dynamic lapse rates; Working in producing profitability metrics including Internal Rate of Return (IRR) and Return on Capital (ROC), Interest Rate impact analysis; Building or maintaining actuarial models for in-force management and reserve for retirement or group annuity products; Developing/utilizing actuarial assumptions including premium, withdrawals, lapse rates, credit rates, general account cash flow and assets allocation.

Benefits summary: In addition to a comprehensive 401(k) and pension savings plans, we offer a wide array of Voya benefits. Our Total Rewards Program includes benefits from medical coverage and life insurance to legal services, retirement benefits and time away from work. See https://www.voya.com/page/benefits

To apply, submit resume through www.voya.com & search by JR00332219 or job title.

Minimum Education Required

Bachelor’s degree or foreign degree equivalent in Actuarial Science, Mathematics or a closely related field

Minimum Experience Required

Three (3) years of experience working as an Actuarial Associate, Actuarial Assistant or related position. Must have passed at least 3 Actuarial Exams.