Actuarial Analyst

Overview of Position

The Actuarial Analyst supports various actuarial functions that include pricing, reserving, financial reporting, capital management & forecasting. They provide advanced analysis to moderately complex, defined tasks & projects. This role recommends and implements techniques which support Assurant operations in achieving its goals related to revenue and profitability targets. The Actuarial Analyst demonstrates the ability to understand direction provided in project deliverables, time management, and development. This role is expected to also participate in the department’s exam and rotational programs, which provides the opportunity to gain experience in numerous areas of the Actuarial organization while also understanding all products included in Assurant’s product suite. The Actuarial Analyst generally reports to the Supervisor or Manager of Actuarial.

What will be my duties and responsibilities in this job? 

• Owns the process of responding to all internal, external or ad hoc requests for business unit/product line supported with direct guidance from manager.

• Appropriately analyzes, adds updates, and summarizes existing memorandum templates

• Locates and reconciles data from various source systems; ensures accuracy and recognizes adjustments needed for possible data anomalies

• Gathers information from different internal departments and complete reports and analysis as directed; understands and develops process flows; incorporate feedback provided for reporting and communications

• Assists with collecting data and responding to inquiries from state insurance departments, auditors, and internal (finance, accounting, regulatory, IT, etc.) areas regarding business processes, gaps, strategy & improvements.

• Identifies system and data inefficiencies; provide recommendations to resolve.

• Implements solutions to translate financial projections into business metrics; aware of area productivity, processes, & business profitability.

• Participates in cross-training and knowledge sharing within team/department to accomplish goals.

• Actively manages self-development. Takes actuarial exams in pursuit of professional designation

What are the requirements needed for this position?

• Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 4-6+ exams completed

• Minimum of 4-8 years of overall experience.

• Must be pursuing actuarial designation or is already an Associate of the Actuarial Society (CAS/SOA/CIA/IFoA).

• Minimum of 3-6 years of progressive responsibilities and related experience in an actuarial role.

• Has advanced level of understanding actuarial concepts, insurance product and industry knowledge

• Advanced proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, SharePoint. Advanced to Expert proficiency to various data repository platforms (SAS/SQL/etc.)

What other skills/experience would be helpful to have?

• Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 4-6+ exams completed

• Minimum of 4-8 …