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Senior Actuarial Associate-Inforce Product Management

Company: Ameritas
Location: Lincoln
Posted on: June 5, 2024

Job Description:

Job DescriptionAmeritas Life Insurance Corp. is seeking a Senior 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.
This is a hybrid role working partially in-office and partially from home.

At Ameritas, fulfilling life is what we do daily. We continuously strive to help our customers and employees enjoy life at its very best by reducing uncertainty, helping grow assets and protecting what is most cherished. We're here to help people put worry behind and the future ahead and help enable a life that's rich in family, happiness, health and financial security. When lives are fulfilled, our mission is fulfilled.
What you do

  • Support the management of Ameritas' inforce life and annuity products evaluating profitability of products.
  • Analyze product cash flow trends analyzing non-guaranteed elements for inforce products.
  • Provide support for annual dividend recommendations for legal closed block entities and open block participating policies.
  • Perform annual Illustrations Model Regulation testing for applicable products.
  • Support ad hoc modeling projects to support the management of inforce blocks of business.
  • Regularly assist the Actuarial Services Unit to provide ad hoc actuarial calculations and detailed illustrations upon request.
  • Provide support across actuarial departments on matters relating to inforce products, leveraging Product Management's expertise.
  • Support actuarial risk management projects as requested.
  • Assist the managing actuary with various modeling and data requests.
  • Support the development of corporate assumptions by providing insights relevant to individual products and inforce blocks of business.
  • Apply high level Statutory and GAAP accounting principles to various cash flow analyses.
  • Present business cases to managing actuaries on various projects.

    What you bring

    • Bachelor's degree in Actuarial Science, Mathematics, Statistics or a related field.
    • 1-3 years of related experience
    • Near or new ASA certification or continued progression on actuarial exams toward an ASA.
    • 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 financial, 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.
    • Experience using actuarial projection or valuation software (Prophet preferred).
    • 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.

Keywords: Ameritas, Lincoln , Senior Actuarial Associate-Inforce Product Management, Executive , Lincoln, Nebraska

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