Life Assistant Actuary (Flex Home/Office)

Company: American Family Insurance
Location: Des Moines
Posted on: April 18, 2024

Job Description:

Position Compensation Range:$95,000.00 - $161,000.00Pay Rate Type:SalaryCompensation may vary based on the job level and your geographic work location.You will provide expert analysis, consulting and project or staff leadership for the full range of actuarial activities related to either insurance pricing, valuation, modeling, or reinsurance. The primary responsibility for this role will be Principles-Based Reserving (PBR) valuation and modeling, and responsibilities include developing and maintaining the models and projections to support reporting of and insights into PBR balances. While PBR will be the primary responsibility, it is expected that you will be able to contribute to and lead other actuarial projects as assigned. The role will be within the Valuation Unit reporting to the Valuation Manager/PBR Qualified Actuary.Primary Accountabilities

• You will conduct high level actuarial department functions: PBR reporting and modeling, and other actuarial projects as assigned.
• You will develop analysis of experience studies, pricing, reserving and other actuarial calculations.
• You will participate in the development, implementation and/or maintenance of actuarial-related PC based software: pricing/modeling software; reserve software; reinsurance software; illustration software.
• You will be an active participant with project teams and committees, provides knowledge and expertise on actuarial issues.
• You will represent the actuarial team at meetings/events related to actuarial topics.
• You will fulfill continuing Society of Actuary education requirements.Qualifications
  • 5+ years of related actuarial experience.
  • Extensive knowledge and understanding of life products, PBR/valuation, pricing, financial reporting and industry trends.
  • Demonstrated knowledge, understanding and experience performing statistical/actuarial analysis and data forecasting and modeling techniques.
  • Demonstrated experience in utilizing actuarial and/or statistical software and/or related actuarial software to complete actuarial projects.
  • ASA required
  • Pursuit of FSA required
  • Python or comparable programming proficiency
  • Excel expertise
  • GGY Axis preferredIn this flex office/home role, you will be expected to work a minimum of 10 days per month in Madison, WI 53783#LI-HybridWe encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.#LI-RS1

Keywords: American Family Insurance, Des Moines , Life Assistant Actuary (Flex Home/Office), Administration, Clerical , Des Moines, Iowa