Associate Actuary – Model Projections

Associate Actuary – Model Projections

Ameritas is seeking a detail-oriented and results-driven Associate Actuary to join our Corporate Actuarial Projections team. This role is crucial for the company's risk management, profitability assurance, and compliance efforts. As a subject matter expert on actuarial model use cases, you will provide actionable information to support sound business decisions, manage project initiatives, and enhance business processes.

Our mission at Ameritas is "Fulfilling Life" by helping people invest in themselves through trusted financial products and advice. We offer a range of services including life and disability insurance, employee benefits, retirement planning, investments, and wealth management.

This position is a permanent, remote role.

Key Responsibilities

• Run and analyze recurring actuarial model use cases, including Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Risk Based Capital, Liquidity Testing, and Financial Forecasting.
• Serve as a subject matter expert on life insurance and/or annuity modeling.
• Collaborate with team members to deliver timely model results and analysis supporting strategic management decisions.
• Lead and support project management and troubleshooting for large-scale development initiatives, enhancing and streamlining the model projections process.
• Perform and document dynamic and static validations, including analysis of change and results, policy audits, and initial values.
• Identify and support process improvements.
• Support the Prophet model development life cycle, adhering to Model Risk Management policies and procedures.
• Compile and analyze data using statistical formulas and actuarial methods, including reviewing the work of others.
• Set up, test, validate, and maintain actuarial models for specified use cases.
• Assist in implementing procedures to comply with new regulatory, control, or governance requirements.
• Respond to information requests from internal and external stakeholders, providing actuarial analysis.
• Provide guidance, training, and peer review for other actuarial associates.
• Collaborate with stakeholders across the organization on business initiatives.

Requirements

• Bachelor’s Degree or equivalent experience in Actuarial Science, Mathematics, Statistics, or a related field.
• 4-7+ years of actuarial modeling experience, preferably with indexed life and/or annuity with living benefit experience.
• Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and insurance industry regulations.
• Ability to balance competing priorities and produce high-quality deliverables in a fast-paced environment.
• Proficiency in performing detailed calculations with a high level of understanding.
• Ability to clearly and thoroughly document assumptions, decisions, processes, and work performed.
• Skill in communicating technical concepts to a non-technical audience.
• Ability to work effectively both independently and as part of a team.
• Prophet software knowledge is strongly desired. SQL experience is beneficial.
• Associate or Fellow of the Society of Actuaries designation is desired. Membership in the American Academy of Actuaries is desired.

What We Offer

• A meaningful mission focused on "Fulfilling Life."
• Competitive Pay and Incentive Program Bonuses.
• 401(k) Retirement Plan with company match and quarterly contribution.
• Tuition Reimbursement and Assistance.
• Flexible hybrid work options.
• Thrive Days (personal time off) and Paid Time Off (PTO).
• Comprehensive Health Benefits: Medical, Dental, Vision.
• Health Savings Account (HSA) with employer contribution.
• Well-being programs with financial rewards and an Employee Assistance Program (EAP).
• Professional development and leadership development programs.
• Employee Resource Groups and a StrengthsFinder Program.
• Matching donations program and 8 hours of paid volunteer time per month.
• Generous paid maternity and paternity leave.
• Fertility, surrogacy, and adoption assistance.
• Backup child, elder, and pet care support.

Ameritas is an Equal Opportunity/Affirmative Action Employer committed to an inclusive culture and diverse workplace.