Actuarial Associate

This is a hybrid role working partially in-office and partially from home. 

At Ameritas, our mission is Fulfilling Life. We do that in many ways, but especially by helping people invest in themselves by offering trusted financial products and advice. Because we believe everyone should be happy, healthy, and financially secure, we work hard to provide trusted financial products and valued guidance, including individual life and disability insurance, employee benefits, retirement planning, investments, and wealth management services.

Ameritas Life Insurance Corp. is seeking an Actuarial Associate to drive the business by allowing you to work with a variety of existing and new products. In addition, this role will interact with a wide range of associates within our various business lines as well as our enterprise service areas.

What you do

• Provide actuarial expertise to various areas of the company to assure high quality service.
• Provide timely and accurate work products.
• Review and implement business requirements.
• Compile and analyze data, using statistical formulas and other actuarial methods
• Assist in developing, implementing and performing procedures to comply with new regulatory, control or governance requirements.
• Perform static and dynamic validation of actuarial models, ensuring accuracy of projections and compliance with departmental applications of that particular model.
• Develop new procedures to improve on existing processes.
• Work on special projects as directed by the managing actuary or the department head.
• Document decisions made, processes put into place and other work performed.
• Make progress toward attaining the Society of Actuaries' FSA designation through passing exams and/or completing modules.

Other Functions

• Pricing support for products. Pricing includes analysis on a statutory, GAAP and value-added basis. This may include the development of tools and the review of advertising and sales material. Also, this may include support for the filing of products with state insurance departments.
• Provide support for the company's financial plan as well as support for reconciling actual actuarial values to the plan.
• Support customer service with technical matters or speaking directly with internal and external sales associates.
• Analyze sales results to identify trends in business mix.
• Assist in the analysis and review of new or revised product specifications to implement product changes in the modeling and/or valuation software. Includes identification of new data requirements for new product features.
• Assist the managing actuary in responding to valuation and modeling-related questions and requests for information from internal product and risk-analysis actuaries, accountants, auditors, management and other associates, as well as external rating agencies, auditors and regulators.
• Set up, test and maintain actuarial models for the specified actuarial purpose.
• Support actuarial risk management projects as requested.
• Assist in producing company experience studies as requested and the analysis of actuarial assumptions.

What you bring

• Credit for a minimum of two of the following Society of Actuaries requirements needed to obtain the Associate of the Society of Actuaries designation: all 3 VEE Subjects, Exam P, Exam FM, Exam IFM, Exam LTAM, Exam STAM, Exam SRM, Exam PA, or the FAP Final Assessment.
• Must be a current Ameritas Actuarial Intern graduating no later than August 2024
• Must have completed at least 2 months in the Actuarial Internship Program with Ameritas
• Bachelor's degree in Actuarial Science, Mathematics, Statistics or a related field
• Ability to accurately perform detailed calculations with a general understanding of how those calculations impact higher-level values in the company's financial statements.
• Ability to clearly and thoroughly document assumptions, decisions, processes and other work performed.
• Basic knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
• Understanding of advanced mathematical and statistical concepts.
• Ability to work effectively both independently and as part of a team.
• Strong analytical, problem solving, written and oral communication, and organizational skills.
• Experience with Microsoft Office.
• Ability to multi-task and switch back and forth between projects as needed.
• Willingness to learn new software tools and packages.
• Willingness to work a flexible schedule as needed.

What we offer

• Our company motto is “Fulfilling Life” and we take that job seriously, with a heavy commitment to volunteering and community support, employee well-being, and providing quality products and services that help our customers create a brighter future.
• Being a mutual-based organization, the return on our investment goes back into the company, to benefit our members/customers.
• We’re committed to professional development, opportunity, inclusion, and diversity. Team building and collaboration are also priorities.
• A total rewards package with all the comprehensive health and welfare benefits you’d expect, including competitive pay and incentives, 401(k), flexible work schedules and time off to care for yourself and others.
• Additional popular benefits, including tuition reimbursement, and student loan repayment, an incentivized well-being program, adoption assistance, paid time off for volunteering, training, and career development opportunities.

An Equal Opportunity Employer

Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law.