What are the responsibilities and job description for the Actuarial Analyst position at Allied Resources Technical Consultants?
Key Responsibilities:
- Analyze trends in experience data and develop assumption recommendations with supporting rationale
- Support assumptions related to variable annuity riders including GMDB, GMIB (Traditional and Hybrid), GMWBL, GMWB, and GMAB
- Work with assumptions such as deferred mortality, payout mortality, lapse, partial withdrawals, GMIB annuitizations, and GMWB utilization
- Review experience study data for accuracy and completeness; implement additional controls as needed
- Drive consistency, accuracy, and continuous improvement across experience studies
- Ensure experience study processes, particularly spreadsheet-based workflows, are transparent, repeatable, and well-controlled
- Prepare and present decks and detailed memorandums for assumption proposal approval by senior management
- Contribute to timely and accurate reporting of mortality and policyholder behavior experience
- Perform quarterly data reconciliations between experience studies and other data sources
- Maintain up-to-date process documentation
- Partner with modeling teams to implement approved assumptions into actuarial models
- Support structural, design, and process improvements by collaborating with IT and external vendors on transformation initiatives
- Assist with internal and external audits, including walkthroughs and responses to auditor inquiries
- Collaborate cross-functionally with teams such as IT, Valuation, Finance, and external modeling partners
- Support future transactions through ad-hoc analyses related to experience studies
Required Qualifications:
- Bachelor’s degree in Mathematics, Actuarial Science, Finance, or a related discipline
- ASA, Career ASA, or newly credentialed FSA
- 5–6 years of experience in actuarial, insurance, or financial services roles
- Advanced Microsoft Excel skills; proficiency with SQL Server, Power BI, R, or Python; PowerPoint experience preferred
- Strong analytical skills with the ability to apply actuarial concepts to solve complex or ad-hoc business questions
- Solid understanding of insurance products, regulations, and insurance company structures
- Strong written and verbal communication skills with the ability to collaborate effectively across teams
- Ability to manage multiple priorities and deadlines in a fast-paced environment
- Demonstrated interest in professional growth and willingness to rotate across actuarial functions
- Experience improving processes and implementing appropriate controls
- Prior exposure to variable annuity products preferred
- Comfortable working in a cross-functional team environment
EEO Policy: Allied Resources complies with all Equal Employment Opportunity (EEO) affirmative action laws and regulations. Allied Resources does not discriminate on the basis of age, race, religion, color, sex, national origin, marital status, genetic information, sexual orientation, gender identity and expression, disability, veteran status or other status protected by law