ACTUARIAL ASSOCIATE JOB DESCRIPTION

Every life insurer that prices, reserves, and reports on long-duration products needs people who can translate actuarial theory into numbers that management can act on. An Actuarial Associate in the life and annuity segment handles that translation, building and running models that set product premiums, generate GAAP and Statutory reserves, and inform decisions on everything from dividend scales to in-force portfolio corrections. The role sits within a carrier's actuarial department, typically alongside credentialed fellows and senior associates who provide technical oversight. Progress through SOA exams is a defining feature of the position.

As the Actuarial Associate, you own a defined slice of the valuation, pricing, or in-force management workflow, producing model outputs, experience analyses, and assumption documentation that feed directly into financial statements and product decisions across life, annuity, and living-benefits lines. You work within a team of actuaries and actuarial students, coordinating with finance, product management, and risk functions to ensure outputs meet both professional standards and business deadlines.

Career Impact: Sustained progress through SOA exams while working on Statutory and GAAP reporting builds the technical credibility that FSA-track candidates need to move into senior pricing or valuation roles within a carrier.

Business Impact: The reserve calculations and pricing models this role produces feed directly into financial statement filings and product rate decisions, meaning errors here carry regulatory and capital consequences for the insurer.

Growth Opportunity: Exposure to multiple product types, including Universal Life, variable and fixed indexed annuities, and participating whole life, widens the technical foundation that commands higher responsibility and compensation at the next career step.

• Develop and maintain actuarial models for pricing, reserving, or in-force management across assigned life and annuity product lines
• Execute reserve calculations under US GAAP, Statutory, and applicable IFRS standards, validating outputs against prior periods and business expectations
• Perform experience studies covering mortality, lapse, and morbidity to support assumption updates and peer review by senior actuaries
• Build and document pricing assumptions for new and in-force products, including premium structures, dividend scales, and non-forfeiture values
• Analyze model output and prepare clear written summaries for senior actuaries, finance partners, and management
• Support product filings by drafting actuarial memoranda and reviewing contract language against approved assumptions
• Mentor junior actuarial students and co-ops on assigned studies, providing technical guidance and reviewing their work for accuracy
• Identify process inefficiencies in recurring model runs and implement improvements that reduce cycle time without sacrificing control standards

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field, or equivalent work experience
• 3 or more years of actuarial experience in the life and annuity insurance industry, with demonstrated model-building or reserving responsibility
• Active progress toward ASA or FSA designation through the Society of Actuaries exam pathway, with at least 2 exams passed
• Proficiency in spreadsheet-based financial modelling and actuarial calculation logic, independently applied
• Working knowledge of US GAAP and Statutory accounting frameworks as applied to long-duration insurance contracts
• Ability to document actuarial assumptions, methodologies, and results clearly for both technical and non-technical audiences
• Strong quantitative and analytical reasoning skills, with demonstrated accuracy on time-sensitive deliverables
• Ability to work independently on assigned model components while collaborating effectively within a cross-functional actuarial team

• Experience modelling Universal Life, variable annuity, or fixed indexed annuity products, including familiarity with embedded guarantees and policyholder behavior assumptions
• Knowledge of IFRS 17 implications for insurance contract measurement or experience with GAAP Long Duration Targeted Improvements (LDTI) implementation
• Familiarity with experience study methodology, including credibility weighting and assumption-setting for mortality or lapse
• Demonstrated programming ability in a statistical or scripting language used to automate data preparation or model validation tasks

• Reserve variance from prior period, tracking model stability and assumption change attribution within expected bounds
• Exam passage rate per year, reflecting active progress along the credentialing path required for promotion
• Model run cycle time, measuring efficiency gains from process improvements on recurring valuation or pricing runs
• Peer review error rate on deliverables submitted to senior actuaries, indicating technical accuracy before sign-off
• Assumption documentation completeness score, assessed at each product filing or quarterly assumption review cycle
• Typical tools: actuarial modelling platforms (commonly GGY AXIS or Prophet); spreadsheet and database environments (commonly Excel with VBA, SQL)

• Base Salary Range: $75,000 to $110,000 annually, depending on exam progress and experience
• Bonus: annual performance bonus typically 5% to 15% of base salary
• Equity: not standard at this level; some larger carriers offer restricted stock units
• Health Benefits: medical, dental, and vision coverage; majority of premium employer-paid
• PTO: 15 to 20 days annually, plus standard federal holidays
• Common Perks: exam study time and reimbursement, actuarial credentialing bonuses per exam passed, professional dues coverage

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Work authorization in the United States is required; candidates must be eligible to work without sponsorship or hold valid authorization at time of hire. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected under applicable federal, state, or local law. Reasonable accommodations are available to individuals with disabilities throughout the hiring and employment process upon request. Employment is contingent on the successful completion of a background check.

The Actuarial Associate owns the review and validation of Lloyd's data returns and market-level projections across several classes of business, working within Lloyd's oversight function alongside syndicate and capital modelling teams. This work directly supports the integrity of Lloyd's internal capital model and the application of international licenses.

Key Responsibilities

• Use and develop new techniques in traditional areas of general insurance actuarial work
• Review and validate data returns received by Lloyd's
• Undertake and review market-level projections for several classes of business as part of the Lloyd's annual projection exercise
• Review other Lloyd's returns, including SAOs, AFRs, reserving and capital data returns
• Assist in the production of returns and guidance to be provided to the market
• Undertake qualitative and quantitative review of syndicate SCRs and their validation
• Undertake parameterisation and running of the Lloyd's internal capital model
• Process, analyse and interpret outputs of the Lloyd's internal capital model, including producing MI and supporting model uses
• Undertake actuarial work for the application and maintenance of Lloyd's international licenses
• Undertake ad-hoc investigations into syndicate-specific or thematic aspects arising from Lloyd's market oversight
• Design and deliver high-quality technical analysis independently, manage project work and communicate issues proactively
• Share knowledge with the team, identify knowledge gaps, and communicate complex areas in a targeted, audience-appropriate manner

Required Qualifications

• Experience in non-life insurance work, preferably across reserving and capital modelling
• Experience delivering complex work output, including supervising work and communicating results to an audience
• Knowledge of actuarial techniques in non-life insurance
• Knowledge of various IT tools, including Excel, Access, and Word
• Ability to establish strong working relationships, contribute positively to team atmosphere, and challenge task approaches through objective reasoning
• Passion for data and embracing new techniques

Embedded within a consulting or insurance actuarial team, the Actuarial Associate supports the completion of pension plan funding valuations and retiree health studies under the supervision of experienced actuaries. Working closely with senior actuaries and consultants, this role enables accurate, client-ready actuarial deliverables across multiemployer and public pension plans.

Core Functions

• Complete actuarial valuations for multiemployer and public pension plans under the supervision of experienced actuaries
• Undertake all aspects of retiree health valuations, special studies and projects
• Reconcile plan participant data and analyse financial statements
• Create and update valuation programs and spreadsheet applications
• Prepare reports and assist with government filings
• Work with senior actuaries and consultants to support effective client presentation of work product
• Engage in continual learning and development activities to advance toward higher-level positions

Qualifications & Experience

• Undergraduate degree preferably in Actuarial Science, Statistics, Mathematics or a related discipline
• Actuarial exam progress with at least one exam passed; intention to achieve credentialed status preferred
• 0-3 years of retirement plan actuarial experience in a consulting or insurance company environment; retiree health experience a plus
• Excellent time management, communication, organisational and analytical skills
• Proficiency in computer software with strong attention to detail and accuracy
• Ability to thrive in a fast-paced environment with multiple deadlines

Reporting to senior actuarial consultants, the Actuarial Associate delivers life actuarial support on client projects related to financial risk, product distribution and capital issues while meeting WTW professional standards for work delivery. Partnering with client representatives and internal team members, this role enables high-quality actuarial outcomes that meet or exceed client expectations across a portfolio of life insurance engagements.

Primary Duties

• Partner with consultants to provide life actuarial support on client projects related to financial risk, product distribution and capital issues
• Deliver projects that meet or exceed client expectations
• Identify ways to improve processes and increase efficiency within client teams
• Ensure appropriate and effective communication among team members and the client
• Meet billable hours targets and WTW professional standards for work delivery
• Build strong relationships internally and with client representatives
• Maintain steady progress through actuarial exams and participate in key learning and development opportunities

Skills & Qualifications

• Bachelor's degree required
• Actuarial exam progress toward ASA and/or FSA credentials and/or the Korean actuarial exam
• Minimum 3 years of actuarial valuation experience; IFRS and embedded value experience advantageous
• Knowledge of life insurance products
• Experience developing and projecting actuarial models using actuarial software
• Knowledge of Risk Agility FM, Prophet, and AFM
• Excellent Microsoft Office skills, particularly Excel
• Strong analytical skills, including the ability to draw conclusions and identify trends from data in a logical, systematic way
• Strong verbal and written communication skills; business-level English required
• Well-organised, detail-oriented, self-starter with a sense of accountability; ability to work independently and in teams

Sitting at the intersection of actuarial science and in-force portfolio management, the Actuarial Associate supports Manulife's large-scale UL Corrections program and builds Excel and SQL calculation models to drive ROE-accretive optimisation projects. Operating across valuation, legal, and administrative operations teams, this role enables sound actuarial logic to be applied to UL product administration and strategic capital initiatives.

Duties

• Support review of in-force UL contracts and identify cost-saving opportunities around investment account options
• Become a subject matter expert on Manulife's in-force portfolio of UL insurance products
• Write formal recommendation memos and document assumptions and pricing methods
• Support a large-scale UL Corrections program, ensuring fair remediation based on sound actuarial logic, including ownership of infusion calculations
• Build calculation models in Excel and SQL to support new and ongoing optimisation projects to be ROE accretive
• Partner with Valuation teams to model earnings and capital impacts of initiatives
• Liaise with administrative operations to ensure the application of sound actuarial principles to UL product administration
• Identify project risks, manage and escalate issues, and collaborate with Legal Counsel to mitigate legal and reputational risk

Requirements

• Actively working towards FSA/FCIA designation
• 1-3 years of experience in an actuarial or finance area
• Previous experience with UL and investments preferred
• Strong analytical and problem-solving skills with the ability to process and summarise large amounts of information
• Strong Excel skills
• Understanding of SQL and UL Valuation models
• Working knowledge of administrative systems
• Strong verbal and written communication skills
• Results-oriented, able to balance expectations, work under tight deadlines, and work independently and in cross-functional teams

A key member of the North American biometric research and pricing team, the Actuarial Associate leads mortality, morbidity and lapse experience studies for all individual life and living benefits products while supporting pricing assumption development in collaboration with pricing teams. Collaborating across departments and reinsurance partners, this role enables technically rigorous assumption development that strengthens new business pricing and inforce management decisions.

Functions

• Contribute to the development and presentation of North American mortality, morbidity and lapse experience studies for all individual life and living benefits products
• Develop new business pricing assumptions in collaboration with the pricing team
• Support pricing and inforce management teams with client-focused experience studies for new business quotes and inforce transactions
• Assist in reviewing pricing assumptions for large new business and inforce deals for reasonability
• Drive results for special projects requiring cross-departmental collaboration and continually improve experience analysis and assumption development processes
• Participate in North American and global Biometric Research initiatives and provide technical peer reviews
• Assist in hiring and development of Actuarial Associates, Students and Co-ops, and identify challenging assignments for junior staff

Experience & Qualifications

• University degree in Actuarial Science, Finance, Statistics or Mathematics
• ASA or FSA/FCIA, or progressing towards
• 0-7+ years of experience in the Individual Life and Health insurance or reinsurance industry
• Knowledge of Excel, SQL, PowerPoint and R preferred
• Strong technical and data analysis skills
• Superior attention to detail, accuracy and problem-solving
• Excellent communication skills in conversation, presentations, written documents and with internal and external clients
• Demonstrated flexibility and effectiveness working under tight timelines in a dynamic environment

Delivering sound actuarial outcomes in complex P&C engagements depends on the Actuarial Associate, who provides technical support on property and casualty insurance projects including audit support, advisory work, and strategic practice initiatives at KPMG. Based within the actuarial practice and reporting through project leadership, this role enables KPMG to grow its P&C client portfolio while mentoring associates and interns on projects and practice initiatives.

Accountabilities

• Provide technical support on property and casualty insurance-related projects, including audit support and advisory
• Leverage various software platforms and bespoke models to deliver quality results
• Maintain documentation files consistent with KPMG work paper requirements and assist with project planning and technical writing
• Actively participate in actuarial practice strategic initiatives such as innovation, business development and practice management
• Supervise and mentor associates, new hires and interns on projects and practice initiatives
• Identify expansion opportunities for management consideration and commit to achieving actuarial designation by passing at least one exam per year

Technical Qualifications

• Bachelor's degree from an accredited college or university with a strong academic background in actuarial science, applied statistics, financial analysis, insurance, or mathematics
• Certification as an Associate of the Society of Actuaries or Casualty Actuarial Society preferred
• Minimum two actuarial exams passed, five preferred
• Minimum 3 years of related work experience
• Minimum one year of recent actuarial experience in a professional services environment; reserving and consulting experience preferred
• Strong understanding of property and casualty insurance products
• Previous supervisory experience and well-established understanding of business dynamics
• Strong working knowledge of actuarial and database software, including Microsoft Excel
• Experience with R, Python, or SAS
• Strong technical, writing, and verbal communication skills
• Ability to work in a team on multiple projects and travel as required

As the Actuarial Associate, this role serves as the source of actuarial expertise on variable annuity products, providing analysis and supporting stress testing, hedging model improvements and liability reporting. The VA hedging team relies on this work to validate hedging results, develop new hedging strategies and advance progress toward IFRS 17 implementation in collaboration with Group Finance Actuarial, Capital, Corporate Risk and Business Unit Valuation teams.

Activities

• Be a source of actuarial expertise on all issues related to variable annuity (VA) products
• Provide actuarial analysis of variable annuity products and support regular stress testing and reporting of liabilities and Greeks
• Test and implement changes and improvements to hedging models to extend modelling and hedging capabilities, and review daily hedging liability results
• Work with the Strategy Team to develop and quantify the impacts of new hedging strategies, and update and propose changes to the equity option hedging strategy, calibration methods and assumptions
• Interact with Group Finance Actuarial, Capital, Corporate Risk and Business Unit Valuation teams to validate and explain hedging results
• Support analysis on the development of new hedging strategies and infrastructure changes on the path to IFRS 17 implementation
• Respond effectively to time-sensitive management requests and work with Operations and Support teams to troubleshoot systems-related issues

Position Requirements

• Member of the SOA progressing well with SOA exams
• At least 2 years of actuarial work experience
• Strong actuarial, analytical and problem-solving skills with strong attention to detail
• Good technical skills in Excel
• Programming skills in Python or VBA and database skills in SQL
• Process- and results-oriented
• Organised, proactive and able to work independently and in teams

Actuarial Associate delivers the project plan for VA hedging and strategy operational readiness within the PALAC unit, executing analysis that supports hedging and ALM strategy development in coordination with risk management and the investments hedging team. The work directly supports capital budgeting, management reporting and the execution of a wide range of corporate and ad hoc stakeholder requests across a collaborative team of actuaries and actuarial students.

Operational Focus

• Execute the project plan for VA hedging and strategy operational readiness
• Provide analysis to support hedging strategy and ALM strategy development in coordination with risk management and the investments hedging team
• Enhance financial plan and hedging processes and provide management reporting and analysis as needed
• Address corporate, risk and ad hoc stakeholder requests
• Collaborate with a team of actuaries and actuarial students

Professional Experience

• Undergraduate degree required, with preference for mathematics, actuarial sciences or other quantitative fields; at least 3 actuarial exams passed
• 1+ years of actuarial experience in the Life and Annuity insurance industry with exposure to VA products
• Experience with US Statutory or US GAAP accounting frameworks or VA modelling
• Proficient knowledge of VA products
• Track record of improving process efficiency
• Demonstrated success working in collaborative and cross-functional teams
• Strong oral and written communication skills
• Highly motivated, results-oriented and able to work independently
• Entrepreneurial with a desire to work in a start-up environment and deliver complete work products

The Actuarial Associate produces all aspects of pension plan funding actuarial valuations, including data reconciliation, benefit calculations and contribution requirements, while assisting consultants with day-to-day pension client issues. This role operates within a consulting or insurance pension department and directly supports clients through accurate annual member statements, option packages and plan record updates.

Leadership Responsibilities

• Prepare all aspects of pension plan funding actuarial valuations, including data reconciliation, benefit calculations, asset summaries and contribution requirements
• Prepare actuarial valuations for accounting purposes, costings and projections
• Calculate benefit entitlements and prepare option packages on retirement, termination, death and marriage breakdown
• Perform year-end updating of plan records, including reconciliation of membership, contributions and trust fund, and prepare annual member statements
• Assist consultants with day-to-day pension client issues and work with a variety of Excel-based actuarial tools
• Participate in internal seminars on current industry issues and technical training

Education & Experience

• Bachelor's degree required, preferably in Actuarial Science, Mathematics or a related field
• Working towards ACIA or ASA designation; completion of 1-3 SOA exams preferred
• Minimum 1-3 years of relevant experience, preferably in a consulting or insurance environment in a pension department
• Superior ability in mathematics and financial analysis with demonstrated computer skills in financial spreadsheet programs
• Thorough knowledge of Microsoft Office Suite, including Word, Excel and PowerPoint
• Superior interpersonal skills, both written and oral; highly motivated, customer-service and team-oriented
• Able to work under deadlines and manage multiple projects simultaneously

Embedded within a P&C pricing team, the Actuarial Associate builds technical pricing models and acts as subject matter expert on state rating plans and rate indications while contributing to predictive modelling projects in close collaboration with the Data Science team. Working closely with underwriting and analytical stakeholders, this role enables commercially appropriate pricing outputs and a well-informed competitive pricing strategy.

Strategic Responsibilities

• Build technical pricing models to identify, analyse and interpret trends using statistical techniques
• Act as subject matter expert on state rating plans and rate indications
• Contribute to predictive modelling projects in close collaboration with the Data Science team
• Identify opportunities and risks in pricing adequacy through sensitivity analyses and ongoing monitoring; identify areas for pricing and underwriting action
• Conduct detailed actuarial analyses using complex or partial data to produce timely, accurate and commercially appropriate outputs
• Build a knowledge base of competitor rating strategies and the overall competitive landscape

Background & Experience

• Master's degree in Actuarial Science or a related field
• 3 years of P&C actuarial experience; nearly or newly qualified actuary preferred; personal lines experience strongly preferred
• Broad understanding of predictive modelling concepts, including GLMs, decision trees, gradient boosting machines, random forests, and clustering
• Experience adapting predictive models into structured rating plans
• Proficiency in data science programming languages such as R or Python and database query tools such as SQL
• Sensitivity to model transparency and ethics

Reporting to corporate and business team leadership, the Actuarial Associate supports analytics and R&D for strategic initiatives, including inforce optimisation and new product initiatives, while maintaining and enhancing analytical tools for understanding business challenges. Partnering with colleagues across corporate and business teams, this role advances the company's ability to model risk and profitability profiles in support of cross-functional strategic priorities.

Project Responsibilities

• Support analytics and R&D for strategic initiatives, including inforce optimisation, regulatory changes and new product initiatives
• Partner with colleagues across corporate and business teams to support coordination and prioritisation of strategic initiatives and cross-functional projects
• Support modelling and analysis of risk and profitability profile with regard to inforce management and strategic initiatives
• Maintain and enhance analytical tools and approaches for understanding and solving business challenges
• Interact with and compile results from business and corporate partners

Knowledge, Skills & Abilities

• Degree in mathematics, actuarial science, finance, computer science or a related quantitative field with actuarial exam progress
• Strong quantitative and analytical skills; strong Excel and VBA programming skills
• Knowledge of or exposure to programming and data visualisation tools, including Power BI, SQL, and Python
• Experience with other actuarial software, such as Moody's AXIS or MATLAB a plus
• Actuarial internship or relevant business experience preferred
• Good oral and written communication skills
• Highly collaborative and able to multi-task

Sitting at the intersection of client relationship management and actuarial analysis, the Actuarial Associate develops trusted advisor relationships with WTW client relationship managers and performs modelling analysis for each client risk using standard actuarial techniques and proprietary tools. Operating across client service, peer review and business development functions, this role enables high-quality, timely actuarial deliverables and supports the growth of existing and new client relationships.

Delivery Expectations

• Develop a trusted advisor relationship with internal WTW client relationship managers
• Play an active role in client communications and in the delivery of results to clients
• Perform modelling analysis for each client risk by applying standard actuarial techniques and WTW proprietary tools
• Ensure quality deliverables by participating in the peer reviewing process and meet client expectations on timeliness and delivery
• Assist in developing new business opportunities and enhance existing relationships
• Participate in research and development of new initiatives as needed

Minimum Qualifications

• At least 3 years of actuarial and/or financial experience in the insurance industry; commercial lines pricing experience preferred
• Proficient in Microsoft Office
• Excellent communication skills
• Ability to clearly explain technical concepts in appropriate detail to varied audiences
• Ability to work on multiple projects simultaneously
• Exhibit willingness to learn technical material quickly
• A well-organised, positive, team-player attitude

A key member of the product development and pricing team, the Actuarial Associate builds premiums and benefits for new and enhanced insurance and annuity products while performing experience studies, financial analysis and risk quantification. Collaborating across actuarial research, investment strategy and product management functions, this role shapes the profitability and risk profile of the company's life insurance product portfolio.

Engineering Responsibilities

• Develop premiums and benefits for new and enhanced insurance and annuity products
• Design new products and product features and project profitability generated by company products
• Prepare studies of financial experience and analyse the matching of assets and liabilities, including developing an optimal investment strategy
• Quantify company risk exposure and propose ways to minimise risk
• Assist in the determination of dividend scales, perform actuarial research and statistical analyses, and complete special projects as assigned

Education & Experience

• Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance; cumulative GPA of 3.0 or higher preferred
• Preferred ASA or near ASA working toward FSA
• Passage of three or more Society of Actuaries exams required
• 2+ years of prior full-time actuarial or analytical experience
• Knowledge of modelling packages, programming languages, and spreadsheet/database software
• Strong communication and interpersonal skills
• An analytically minded individual with strong decision-making abilities

Delivering a sound health risk management strategy for clients depends on the Actuarial Associate, who integrates data from multiple sources to build financial and pricing models and evaluates benefits utilisation and claims data in support of client cost management goals. Serving as subject matter expert on financial reporting and working collaboratively with client service teams, this role enables clients to understand the financial impact of health reform and make informed plan design decisions.

Day-to-Day Responsibilities

• Integrate data from multiple sources into relevant client reports
• Develop or use industry formulas to create basic and complex models to analyse, illustrate or project loss trends
• Complete feasibility studies, financial models and pricing models; evaluate benefits utilisation and claims data to assist clients in developing cost and health risk management strategies
• Create financial models and other tools to predict the financial impact of health reform on client plans and interpret findings
• Identify trends and developments in competitive environments and present findings to senior management
• Prepare custom reports and analysis for specific client needs; maintain market data and leverage benchmarks across clients; serve as subject matter expert on financial reporting
• Work collaboratively with client service teams to collect and review data for accuracy and consistency

Required Qualifications

• Bachelor's degree in a business-related programme with emphasis in math, statistics or finance required
• Working knowledge of welfare benefits with a basic understanding of risk and insurance concepts preferred
• Excellent computer skills, including word processing and spreadsheet expertise
• Excellent organisational and communication skills
• Strong customer service skills with the ability to develop client relationships
• Ability to manage time efficiently, meet deadlines, travel by automobile and aircraft, work outside normal business hours as needed and comply with all company policies

As the Actuarial Associate, this role develops IFRS 17-compliant actuarial models in GGY AXIS and supports IFRS 17 business processes and controls under guidance from senior actuaries while ensuring outputs fit business requirements and support accounting policy decision-making. The financial reporting team relies on this work to maintain internal controls, meet regulatory requirements and communicate technical issues to management in a timely and accurate manner.

Scope of Work

• Develop IFRS 17-compliant actuarial models in GGY AXIS and support IFRS 17 business process and controls under guidance from senior actuaries
• Document methodology, process and issues following documentation standards and communicate technical issues to management on a timely basis
• Perform iterative model runs and sensitivity testing
• Ensure outputs fit business requirements and support accounting policy decision-making
• Understand actuarial processes and adhere to internal controls supporting financial reporting and regulatory requirements

Qualifications & Experience

• Bachelor's degree or greater, majoring in Actuarial Science or a relevant discipline (Business, Economics, Mathematics, Statistics) with demonstrated knowledge of actuarial concepts
• 2+ years of actuarial or insurance experience with demonstrated knowledge of professional standards, the legislative environment, and industry best practices
• Knowledge of the IFRS 17 Standard and its implications for insurance companies
• Good knowledge of insurance products, product design, and insurance accounting under applicable GAAP bases
• Proficiency with the GGY/AXIS system and modelling of insurance products
• Expert user of Microsoft Excel and proficient in Microsoft Access and Word
• Knowledge of and work experience with programming languages, including VBA, R, and Python
• Strong technical and analytical skills; ability to communicate effectively orally and in writing
• Ability to deal with ambiguity and work effectively as a team

Actuarial Associate leads rate filings, pricing work and monthly reserve-level establishment for all medical products while working in tandem with the Chief Actuary on complex trend analyses and forecasting models that inform C-Level business decisions. The work directly supports product and line of business strategy, including regulatory landscape discussions and the identification of profitable cohorts and renewal targets across commercial ACA products.

Ownership Areas

• Work in tandem with the Chief Actuary with lead responsibility on all project work related to complex trends, interfacing with internal and external stakeholders
• Support the development of forecasting models, projections and relevant information to inform C-Level business decisions
• Support the team through modelling, market analysis and research to determine company growth initiatives, including identifying profitable cohorts and renewal targets
• Establish monthly reserve levels for all medical products and perform ad-hoc data analysis
• Lead responsibility for rate filings and pricing work, and support product and line of business strategy with LOB leadership
• Manage the work of supporting actuarial staff and data analysts
• Serve as an individual contributor and SME for the respective line of business, supporting strategy, plan design and regulatory landscape discussions

Background & Experience

• Bachelor's degree in Math, Statistics, Economics, Actuarial Science, or a related field
• Four or more years of experience working with commercial ACA products
• Intermediate to expert-level knowledge of healthcare pricing for ACA Individual products
• Understanding of healthcare claims data and company practices for estimating risk on member populations
• Experience with forecasting, modelling, SQL, or SAS
• Proficient in Microsoft Excel and other Office products
• Strong communication skills with the ability to present effectively to C-Level leadership on pricing and plan-related topics

The Actuarial Associate owns the monthly IBNR reserve calculation and annual Medicare ACR submission, developing actionable management recommendations and profitability reports across appropriate business segments. This role operates within a healthcare actuarial function alongside cross-functional teams addressing government reimbursement processes and overall MLR improvement initiatives.

Job Functions

• Prepare a monthly calculation of the corporation's IBNR reserves
• Submit annual Medicare ACR calculation, including all supporting analysis
• Develop actionable recommendations to management relative to all analyses
• Calculate profitability reports on appropriate business segments
• Perform monthly analysis identifying opportunities to reduce cost and utilisation
• Participate in cross-functional teams to address key issues, evaluate government reimbursement processes, and initiate key analyses to improve overall MLR results

Skills & Qualifications

• Good verbal and written communication skills
• Ability to analyse and interpret financial data to coordinate the preparation of financial records
• Ability to work independently and as part of a team in a fast-paced environment with changing priorities
• Ability to effectively present information and respond to questions from peers and management
• Ability to remain calm under pressure and work overtime as required

Embedded within a retail retirement actuarial and technology team, the Actuarial Associate/Programmer develops and enhances tools used in policy value calculations and system validation of retail retirement annuity products while running large-scale computational programs across server environments. Working closely with Operations, IT and Marketing on assigned projects, this role enables accurate policy value quotes, product validation and reliable actuarial system audit outcomes.

Technical Responsibilities

• Develop and enhance tools used in policy value calculations and system validation of Retail Retirement annuity products
• Run large-scale computational programs in various server environments, analyse results and generate summary reports
• Provide strong analytical skills and strategies in testing products, identifying and resolving error results from actuarial system audit programs and product validation tools
• Provide death benefit, living benefit and other policy value quotes and validations as requested by business partners
• Collaborate with other functional areas and business partners, including Operations, IT and Marketing, on assigned projects

Experience & Qualifications

• BA/BS in Mathematics, Statistics, Computer Science, or a related area
• Two years of programming work experience
• Strong programming skills in VBA, PL/SQL, and Python
• Experience in other structured languages such as C, C#, C++ or VB.net
• Proficient in Microsoft Excel and Access
• Experience developing large-scale systems and working in testing and production environments
• Knowledge of variable annuity, index annuity and living benefits products
• Solid analytical and problem-solving skills
• Excellent communication skills and the ability to work independently and as part of a team

Reporting to actuarial leadership, the Actuarial Associate executes pricing work for new and in-force insurance products, including premiums, dividend scales, reserves and non-forfeiture values, while using modelling software to support product development, valuation and ALM efforts. Partnering with policyholders, administrative systems and financial reporting functions, this role advances sound actuarial practice across the life, annuity and health insurance product portfolio.

Role Responsibilities

• Price new and in-force insurance products, including developing premiums, dividend scales, reserves and non-forfeiture values
• Perform actuarial research, audits, experience studies, statistical analysis and calculations
• Provide support to policyholders and direct or provide manual calculation support to the administrative system
• Assist in preparing actuarial portions of financial statements and compile, evaluate and certify statistical data
• Use modelling software to assess risk and provide management information in support of product development, valuation and ALM efforts

Qualifications & Experience

• BA or BS degree in Mathematics, Statistics, Economics or Actuarial Science
• At or near ASA designation preferred; insurance pricing experience a plus
• 3+ years of related actuarial and insurance industry experience or equivalent combination of training and experience
• Knowledge of the insurance industry; experience with life, annuity, and/or health insurance products preferred
• Proficient in MS Word, Excel, SQL, and GGY AXIS
• Foundational background in actuarial principles
• Strong communication skills and business judgement
• Ability to quickly learn new concepts and apply knowledge to solve problems

Sitting at the intersection of actuarial modelling and enterprise risk management, the Actuarial Associate builds and runs actuarial models using Mg-ALFA, RStudio and IAS to price fixed indexed annuities and validates statutory and GAAP reserve calculations across a broad suite of life and annuity products. Operating across product design, financial reporting and audit functions as part of the Actuarial Student Program, this role enables accurate, timely reporting of assets and liabilities and supports enterprise-wide risk insights.

What You'll Do

• Build, maintain and run actuarial models using actuarial tools, including Mg-ALFA, RStudio and IAS; write software code, enter inputs and assumptions, test calculations, evaluate impacts and present findings
• Model timely development and production of fixed indexed annuities across numerous servers, identifying and resolving model changes in a controlled framework
• Assist in product design and develop actuarial models to price the cost of new liabilities using an internal rate of return or present value of distributable earnings
• Perform analysis to test valuation and financial results and trends, generate and review reserve calculations across Statutory and GAAP reporting, and analyse risk within an Enterprise Risk Management framework
• Predict future policyholder behaviour using data mining, statistics, modelling, machine learning and artificial intelligence techniques
• Ensure timely and accurate reporting, validation and analysis of assets and liabilities, complete audit validation, and maintain satisfactory exam performance as part of the Actuarial Student Program

Requirements

• Bachelor's degree in actuarial science, mathematics, statistics or a related field; passing scores on at least 2 actuarial examinations; actively pursuing further exam completion
• Some actuarial working experience, including an actuarial internship in the life and annuity industry, preferred
• Strong knowledge of actuarial science principles and practices with the ability to apply independently
• General knowledge of the life and annuity industry and products
• Strong technology and systems aptitude; advanced Excel and modelling skills; proficient in Microsoft Office Suite
• Strong statistical, advanced math, analytical, and problem-solving skills with exceptional attention to detail
• Effective verbal and written communication skills
• Able to multi-task in a fast-paced environment with shifting priorities
• Strong customer service and organisational skills
• Ability to work cooperatively with employees and third parties

A key member of the institutional business financial planning team, the Actuarial Associate integrates the Institutional Business Plan into enterprise financial forecast models and dashboards on US GAAP and Statutory bases across cloud-based analytics platforms. Collaborating across actuarial, finance, and business leadership stakeholders up to and including the Board of Directors, this role builds the analytical infrastructure that supports capital budgeting, strategic initiative quantification and senior management decision-making.

Key Deliverables

• Integrate Institutional Business Plan into enterprise financial forecast models and dashboards on US GAAP and Statutory bases within cloud-based analytics platforms
• Interface with multiple stakeholders to define business requirements, develop and test financial projection models across various accounting regimes, and serve as model liaison, providing insights across a wide range of drivers
• Assist in capital budgeting and capital allocation management to support institutional business growth
• Create ad-hoc proforma financial statement projections and assist in quantifying the financial impacts of strategic initiatives
• Perform analysis on large financial data sets using programming languages such as Python to extract business intelligence
• Support preparation of recurring and ad-hoc presentations to senior management, Institutional Business leadership and the Board of Directors

Technical Qualifications

• Bachelor's degree in Computer Science, Mathematics, Statistics, Actuarial Science, or a related field
• 1-2 years of programming experience with VBA, Python, Java, C++, or SQL/SAS
• Sharp analytical, quantitative, and technical abilities
• Must be proficient in Excel
• Basic understanding of corporate finance or actuarial concepts a plus
• Strong communication skills and attention to detail
• Ability to prioritise and execute tasks in a high-pressure, fast-paced environment

Coordinating pricing deliverables and overseeing pricing model development for product initiatives across partnership with the PMO and Product Management depends on the Actuarial Associate, who also serves as an informal mentor for actuarial development programme members and communicates key results to internal and external stakeholders at multiple levels. Based within the product actuarial team and supporting the AVP, Product Actuarial, this role crafts the pricing infrastructure and governance frameworks that sustain profitable product design and long-term actuarial capability.

Strategic Initiatives

• Coordinate and lead pricing deliverables for product initiatives in partnership with the PMO and Product Management
• Oversee pricing model development and analysis, including direct independent contribution, delegation to actuarial students and consultation of actuaries
• Present analysis and escalate appropriately; provide input and opine on progress and design of product initiatives from risk, profitability and delivery perspectives
• Develop thought leadership on model governance, risk management and best practices; take supporting and lead roles in maintaining and enhancing pricing infrastructure including models, reports, documentation and spreadsheets
• Support the AVP, Product Actuarial, with analysis and materials for interdepartmental working groups and communicate key messages to internal and external stakeholders at multiple levels
• Serve as an informal mentor and role model for actuarial development programme members; create opportunities for team members to participate in projects and learning opportunities

Knowledge, Skills & Abilities

• Fellowship in the Society of Actuaries and preferably the Canadian Institute of Actuaries
• Minimum of 1 year of work in financial roles, including Canadian/US pricing; willing to become a Member of the American Academy of Actuaries
• Excellent ability to develop project and time management skills; ability to respond to evolving organisational needs, including escalation where required
• Strong knowledge of Moody's AXIS and Microsoft Excel and Word essential; strong knowledge of Microsoft Access, SQL Server Management Studio, and PowerPoint is an asset
• Current knowledge of life insurance products and working knowledge of product regulations in the US and Canada
• Basic familiarity with Corporate/Group functions such as financial reporting, ALM, Capital Management, and Risk Management
• Excellent communication skills with both technical and non-technical audiences at junior to senior levels
• Innovative thinker and problem solver; champion of continuous improvement

As the Actuarial Associate, this role collaborates with internal and external partners to design, test and evaluate models for minimising risk and maximising profitability, developing controlled processes for liability estimates, including IBNR, risk adjustment and provider incentive payments across a healthcare plan environment. The managed care actuarial team relies on this work to maintain federal and state regulatory compliance, support new product development and provide clear actuarial recommendations to upper-level management.

Core Responsibilities

• Collaborate with internal and external partners to solve complex issues and compile, analyse and develop essential data for enterprise objectives
• Design, test and evaluate models to further enterprise goals, including minimising risk and maximising profitability
• Develop controlled processes and reliable calculations for liability estimates, including IBNR, risk adjustment and provider incentive payments
• Estimate projections for pricing, reserves and cash flow and forecast product performance, analysing variances from previous forecasts to identify emerging trends
• Present actuarial models, exhibits and forecasts to internal and external customers; provide actuarial advice to upper-level management with clear and confident recommendations
• Provide timely and accurate information demonstrating compliance with federal and state regulations; support the development of new products and mentor Data Analysts and Actuarial Analysts

Qualifications & Experience

• Bachelor's degree in Mathematics, Actuarial Science, Statistics, Economics, Computer Science, Business or a related quantitative field
• Associate in the Society of Actuaries required; Member in the American Academy of Actuaries preferred
• Five years of actuarial experience with a majority in healthcare and demonstrated progression in the Actuarial Analyst track
• Experience in rate-making, valuation of assets and liabilities, and experience studies for at least one product type
• Advanced knowledge of the healthcare financing industry with emphasis on managed care delivery models
• Proficient in relational databases, statistical packages, spreadsheets, and database applications; strong Microsoft Excel data analysis and Microsoft Access VBA skills
• Strong analytical problem-solving, critical thinking, mathematical reasoning, verbal and written communication skills
• Detail-oriented, self-motivated, sound judgment, and stress management

Actuarial Associate manages pricing functions including rate monitoring, quarterly rate indications and product line reviews while overseeing collection, compilation and delivery of data and supporting reserving through monthly forecasts and quarterly reserve analyses across commercial P&C lines. The work directly supports cross-functional stakeholders in defining problems, integrating data science into actuarial processes and growing the business profitably through pricing adequacy analysis.

Areas of Ownership

• Manage pricing functions, including rate monitoring analysis, quarterly rate indications, product line reviews and underwriting support for portfolio and large account pricing
• Oversee the collection, compilation, analysis and delivery of data continually, including reconciling and reviewing data for correctness and relevancy
• Collaborate with underwriting and sales to develop tools measuring success in growing business profitably
• Support research and development projects, including new analytics solutions such as predictive and econometric models
• Support reserving by performing or peer reviewing monthly forecasts and quarterly reserve analyses
• Consult with cross-functional stakeholders to define problems, propose solutions and present results; take initiative to integrate data science capabilities into actuarial work processes
• Think critically and demonstrate initiative in proposing new or alternative solutions and identifying problems as or before they arise

Skills & Qualifications

• Bachelor's degree in mathematics, statistics, actuarial science, economics or a related field
• Minimum five actuarial exams passed
• Minimum 5 years of actuarial work experience, pricing emphasis preferred
• Proficiency with statistical analysis, including simulation, hypothesis testing and regression
• Proficiency with SQL and R or Python; mastery of Microsoft Excel
• Strong technical writing and editing skills, including proficiency in Microsoft Word
• Strong interpersonal, verbal, written and presentation communication skills
• Strong customer orientation, relationship building, teamwork and collaboration skills
• Ability to work independently and take ownership of meeting deadlines

The Actuarial Associate owns the reengineering of proprietary rating models into the policy system and leads the company's predictive analytics initiative while supporting quarterly reserve reviews and state rate filings across multiple lines of business. This role operates within a P&C actuarial function, reporting to the company Actuary, and directly enables modernised actuarial tools, real-time business intelligence and sound reserving and financial reporting outcomes.

Key Responsibilities

• Play a key role in reengineering the company's proprietary rating models into the policy system and assist in developing rates and pricing models for new business initiatives
• Perform regular assessment of rate level adequacy for various coverages and lines of business and make recommendations to the company Actuary
• Contribute to modernising actuarial tools, processes and reports to provide real-time information; create and validate regularly produced business monitor reports and expand business intelligence tools
• Support the company's rating plans, rates, factors and pricing tools, including providing actuarial support on state rate filings
• Lead the company's predictive analytics initiative and assist in plans to extend the company and third-party information available for analytics
• Assist the Actuary with quarterly reserve reviews, financial reporting, including Schedule P, and support other departments with technical needs as necessary

Requirements

• Bachelor's degree in Actuarial Science, Economics, Finance, or a related discipline
• ACAS or FCAS designation
• 4+ years of actuarial experience; relatable primary experience
• Familiarity with the rate filing process; comfort with loss reserving and financial reporting required
• Excel-based model maintenance and development experience
• R programming experience preferred
• Python, SQL, data management, and predictive analytics experience preferred
• Self-motivated and results-oriented

Embedded within USAA's actuarial and risk management function, the Actuarial Associate develops innovative actuarial analyses and pricing strategies across property and casualty product lines while utilising actuarial modelling software for pricing, valuation and risk management. Working closely with product development, catastrophe management and reinsurance teams and representing USAA at industry-level committee meetings, this role advances the company's ability to develop competitive, risk-informed products in regulated markets.

Core Functions

• Identify and manage existing and emerging risks stemming from business activities; follow written risk and compliance policies and procedures
• Establish appropriate statistical plans, analytical tools and requirements for analysing the experience of various products, classification systems, rating plans, reserves and catastrophes
• Assist in setting pricing objectives by making forecasts, projections and developing strategies in areas of product development, pricing, catastrophe management, reinsurance or reserving
• Utilise actuarial modelling software for pricing, valuation and risk management to develop new products, project future results and determine financial strength; make adjustments and improvements to models as appropriate
• Monitor competitive market, industry trends and professional research to maintain knowledge of current activities related to products, regulation and market conditions
• Creatively approach problems from a wide range of perspectives; champion and implement innovative solutions; represent USAA's interests at industry-level committee meetings

Experience & Qualifications

• Bachelor's degree or 4 years of related actuarial/business/analytical experience in lieu of degree
• 4 years of actuarial/business/analytical experience plus Associate of the Casualty Actuarial Society (ACAS)
• Experience developing innovative actuarial analyses/processes and in metric development/monitoring
• California personal lines pricing experience
• People and/or project management experience an asset
• Experience with pricing software such as TW Radar or Earnix-Price-it
• Strong communication and presentation skills

Reporting to senior actuarial leadership, the Actuarial Associate refines actuarial assumptions, develops supporting analyses and monitors profitability by line of business and product while managing studies underlying actuarial assumptions and providing guidance on pricing rates, modelling methodology and reserving matters. Partnering with product development teams, regulators and industry committees, this role enables sound actuarial oversight of risk management information and supports key recurring projects across multiple product lines.

Primary Duties

• Provide reports and analyses to management on sales, persistency, mortality or morbidity experience, reserve adequacy and risk management information for various product lines
• Monitor profitability by line of business and/or product and develop supporting reports and analyses
• Manage studies underlying actuarial assumptions and provide assumptions and data to others
• Support creation of systems specifications, contracts, commission structures and other actuarial aspects of product development
• Monitor and analyse developments in actuarial techniques, laws, regulations and competitive developments; provide guidance on pricing rates, modelling methodology and reserving matters
• Serve as a key resource for major recurring projects and may represent the company on industry and professional committees or with regulators

Education & Experience

• FSA or equivalent professional designation with a Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field and 6 years of relevant experience
• Master's degree and 4 years accepted instead of a Bachelor's degree
• ASA, with 10 years of relevant experience accepted instead of FSA
• High-quality leadership, judgement, organisation and prioritisation skills
• Effectively communicates advanced mathematical and analytical concepts to various audiences both verbally and in writing
• Excellent computer skills; programming skills preferred
• Works well under pressure and within time constraints to accomplish individual and team objectives

Sitting at the intersection of actuarial pricing analysis and portfolio management, the Actuarial Associate prepares and completes pricing analyses, including ultimate loss projections and supports result monitoring, portfolio management and model development across insurance and reinsurance lines. Operating across Line of Business Expert Groups, technical teams and training functions for underwriters, client managers and actuaries, this role enables sound actuarial pricing decisions and supports the development of actuarial talent within the organisation.

Duties

• Prepare and complete pricing analyses, including development of rates, ultimate loss projections and communication of results
• Participate in the development and update of actuarial models and databases through formula development, research on methodologies and collaboration on technical teams
• Support result monitoring, pricing and portfolio management projects; document and communicate assumptions, results and alternatives to actuarial staff and internal and external clients
• Understand and apply existing and new actuarial concepts involving exposure adjustments, trend, loss development and exposure rating with some guidance
• Identify data issues requiring specialised actuarial attention and provide actuarial insight as a participant on a Line of Business Expert Group

Qualifications & Experience

• Bachelor's degree in Mathematics, Actuarial Science, Economics, Business or a related field
• Four to six actuarial exams passed
• Pursue CAS exams and participate in training of underwriters, client managers, risk analysts, accountants and actuaries on actuarial analyses and methodologies
• At least 4 years of insurance/reinsurance actuarial pricing experience
• Good technical actuarial skills
• Proficient in MS Office Suite for ratemaking, pricing and modelling
• Experience with Python, R or other statistical software in insurance pricing applications
• Excellent oral and written communication and interpersonal skills

A key member of the annuity pricing team, the Actuarial Associate revolutionises rate-setting infrastructure through pricing transformation initiatives and develops centralised pricing data repositories and Power BI dashboards that modernise profitability reporting across the entire product suite, including FlexGuard. Collaborating with the pricing team across modelling platform transitions and analytical tool development, this role advances the company's capacity to deliver scalable, self-service pricing analytics in support of rate setting and renewal processes.

Accountabilities

• Revolutionise the rate-setting infrastructure through process improvements and pricing transformation initiatives
• Expand data capabilities by developing a centralised pricing data repository to store capital market, sales, profitability and crediting rate data
• Modernise profitability reporting through self-service and on-demand solutions such as Power BI dashboards
• Support the pricing team's transition to a single modelling platform and create highly scalable analytical tools usable across the entire product suite
• Assess and integrate new pricing frameworks into the rate-setting process; support rate setting and rate renewal processes for a variety of annuity products, including FlexGuard

Technical Qualifications

• Strong technical and programming skills
• Experience with Python, SQL, MATLAB, and Power BI
• Excellent oral and written communication skills
• Ability to independently own and drive deliverables, manage time, and handle multiple priorities simultaneously
• Highly creative, self-motivated, enthusiastic, and curious individual with a growth mindset, continuous improvement mindset, and demonstrated ability to challenge the status quo
• Ability to quickly grasp complex concepts and develop tools to provide insightful analytics

Strengthening the management of an in-force life insurance and annuity block depends on the Actuarial Associate, who uses actuarial modelling software, including Prophet, to project cash flows and supports strategic initiatives related to dividends, credited rates and illustration testing across the inforce portfolio. Based within an actuarial team in the life insurance and annuity industry, this role enables value creation through sound analysis of model output, cross-departmental collaboration and the development of more efficient actuarial solutions.

Work Activities

• Use actuarial modelling software to project cash flows for managing the in-force block and supporting strategic initiatives
• Develop an analysis of model output and communicate results to the manager, Senior Management and other interested parties
• Work closely with internal and external parties supporting inforce management aspects, including dividends, credited rates and illustration testing
• Collaborate with other departments to support strategic initiatives and execute value creation opportunities
• Diagnose problems and areas for improvement; design and execute solutions to improve business performance

Skills & Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Finance or a related business discipline
• ASA or newly credentialed FSA
• 5-6+ years of financial, insurance industry or actuarial experience
• Strong analytical skills and advanced knowledge of life insurance and annuity products
• Experience with Prophet Actuarial Software
• Excellent computer skills, especially in Excel, Access, and Visual Basic
• Ability to challenge current methodologies and develop more efficient solutions
• Strong understanding of insurance products and insurance company operations
• Ability to adapt to changing priorities and work on several projects concurrently

As the Actuarial Associate, this role prepares, performs and reviews actuarial analyses of moderate to high complexity while supervising, teaching and developing others and evaluating product profitability at aggregate and segmented levels. The casualty actuarial team relies on this work to maintain reserve analyses, support specialised rating plan reviews and achieve profit and growth goals through rigorous, data-driven actuarial assessment.

Performance Expectations

• Prepare, perform, analyse and review actuarial analysis of moderate to high complexity
• Supervise, teach and develop others
• Be responsible for the collection of data, selection of parameters and calculations involved in conducting actuarial analyses
• Evaluate the profitability of products in aggregate and at segmented levels
• Perform and/or review traditional reserve analyses and review specific components of rating plans, including specialised reviews to support profit and growth goals

Qualifications & Experience

• Bachelor's degree preferably in actuarial science, mathematics, statistics or a related field
• Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS); 5+ years of actuarial experience
• Knowledge of actuarial principles and experience supervising and teaching others
• Expert in analytical and data extraction tools, including R, VBA, SQL, Power Query, and Python
• Strong mathematical, analytical, and organisational skills with a detail orientation
• Excellent written and verbal communication skills
• Ability to work effectively in a fast-paced, team-oriented environment

Actuarial Associate runs the creation, maintenance and subject matter expertise of GGY-AXIS valuation models, leading implementation of version updates and providing training and support to internal colleagues while driving completion of GAAP LDTI regulatory requirements and annual loss recognition testing. The work directly supports month-end valuation, annual statement obligations and quarterly monitoring of key GAAP model assumptions across the life insurance valuation team.

Engineering Responsibilities

• Create and maintain GGY-Axis valuation models while ensuring appropriate change controls are followed
• Monitor GGY-Axis version release updates and lead implementation of appropriate changes; build and maintain relationships with Moody's consultants for technical support
• Provide training and ongoing support to internal colleagues as the GGY-Axis subject matter expert; develop in-depth training materials and documentation
• Support completion of updates required for GAAP Long Duration Targeted Improvements (LDTI) regulatory changes, including validation and defect resolution
• Design quarterly monitoring of key valuation model assumptions for GAAP unlocking and implement approved changes; lead annual GAAP loss recognition/DAC recoverability testing and STAT cash flow testing
• Assist colleagues with month-end valuation and annual statement work and lead other special projects as assigned

Minimum Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance or a related field
• ASA or FSA designation preferred
• 4+ years of actuarial experience
• Solid knowledge and demonstrated experience with GGY-Axis software
• Long-duration product experience preferred
• Knowledge of other programmes such as SQL, R, or SAS a plus
• Strong technical, analytical, and problem-solving skills

The Actuarial Associate builds, peer reviews and maintains experience studies and tools while proactively identifying and implementing process improvements and producing documentation of analysis and results for life insurance products. This role operates within a life actuarial function, collaborating with other departments to create consistent messaging and supporting ad hoc actuarial requests in an environment requiring strong programming proficiency and organised concurrent workload management.

Key Responsibilities

• Build, peer review and maintain experience studies and tools
• Proactively identify, manage and implement process improvements
• Analyse experience for trends, anomalies and risk
• Produce documentation of processes, analysis and results of reviews
• Collaborate with other departments to create consistent messaging and improve reconciliations
• Support ad hoc requests for actuarial assistance

Required Qualifications

• BA/BS degree in Actuarial Science, Mathematics, Statistics or a related major
• Near ASA preferred; ASA preferred
• 3-5+ years of relevant actuarial experience; prior life insurance experience preferred
• Strong proficiency in a programming language such as Python, SAS or R
• Experience with data visualisation software such as Spotfire or PowerBI
• Knowledge of GAAP, Statutory and Tax financial reporting requirements for term and universal life insurance preferred
• Experience with actuarial modelling software such as AXIS or Polysystems preferred
• Excellent written and oral communication skills; self-driven, motivated and shows ownership in tasks
• Ability to manage concurrent deadlines and multiple priorities in an organised manner

Reporting to North America Life valuation management, the Actuarial Associate implements quarterly Solvency II reporting requirements and related key internal performance metrics across different jurisdictions while coordinating with the Central Corporate Actuarial team to ensure timely reporting of all deliverables. Partnering with risk, finance and internal and external auditors, this role advances consistent, controlled and accurate cross-jurisdictional reporting within the life reinsurance industry.

Core Functions

• Implement quarterly Solvency II reporting requirements and related key internal performance metrics across different jurisdictions and assist with commentary
• Collaborate with management within North America Life valuation and coordinate with the Central Corporate Actuarial team to ensure timely reporting of all deliverables
• Coordinate and liaise with risk, finance, internal and external auditors as required
• Design, implement and review control processes and propose improvements to facilitate timely and accurate reporting
• Ensure consistency in reporting across different jurisdictions

Qualifications & Experience

• Bachelor's degree; ASA to near FSA preferred
• Minimum 2 years of experience modelling in AXIS
• Minimum 2 years of experience in individual life products and the life reinsurance industry
• Proficiency in Microsoft Office Suite and Excel
• R and SQL database programming skills
• Effective problem-solving skills
• Ability to work under pressure and juggle multiple priorities
• A proactive self-starter

Reporting to actuarial product leadership, the Actuarial Associate executes pricing and rate development for new life insurance products, including Universal Life, Term, Whole Life and Participating Whole Life, while training and mentoring less experienced actuarial analysts and guiding implementation teams in support of new products. Partnering with marketing, competitive intelligence and product filing teams, this role elevates the quality of product design, profitability reporting and actuarial regulatory compliance across the life insurance portfolio.

Delivery Expectations

• Price, model and develop rates for new life insurance products, including Universal Life, Term, Whole Life and Participating Whole Life
• Train and mentor less experienced actuarial analysts
• Produce profitability and performance reporting to key internal stakeholders
• Research and recommend actuarial assumption updates and collaborate with marketing and competitive intelligence units on design recommendations
• Support product filing team with contract review and actuarial memorandums; serve as subject matter expert on assigned products
• Guide implementation teams in support of new products
• Maintain current knowledge of actuarial regulations affecting product design
• Assist in monitoring and updating profitability metrics and support non-guaranteed element review and illustration actuary testing

Skills & Qualifications

• Bachelor's degree
• Associate of the Society of Actuaries (ASA)
• At least 5 years of actuarial experience
• Life product pricing background
• Experience with actuarial modelling software, including GGY AXIS