ACTUARY JOB DESCRIPTION

Describe an actuary to someone outside the profession, and it sounds straightforward: build models, set assumptions, report numbers. The actual work is considerably harder. In life and annuity insurance, an Actuary owns the valuation models, reserve bases, and assumption frameworks that determine whether a company's long-term liabilities are accurately priced and reported under standards including IFRS 17, US GAAP, and Solvency II. The role sits within the actuarial function and answers to a Chief Actuary or actuarial director. What makes it demanding is the gap between model precision and business uncertainty, turning technically sound outputs into decisions that finance, risk, and senior leadership can act on.

As the Actuary, you will own the development, maintenance, and governance of valuation models and reserve analyses that drive statutory, GAAP, and regulatory financial reporting for life and annuity product lines. You will work within a dedicated actuarial team, collaborating with Finance, Risk Management, and Investments to ensure reserve adequacy, compliance with evolving reporting standards, and the analytical integrity that underpins product pricing and capital strategy.

Career Impact: Deep, hands-on experience with IFRS 17 implementation and FSA-level designation work positions you among a small pool of actuaries who can own both technical model development and senior regulatory reporting simultaneously.

Business Impact: The reserve calculations and valuation outputs this role produces directly determine how accurately a life insurer represents its long-term obligations to regulators, rating agencies, and shareholders.

Growth Opportunity: Mastery of multi-basis reserving - spanning Solvency II, US GAAP, and statutory frameworks - opens progression toward Chief Actuary, Head of Actuarial Modelling, or enterprise risk leadership roles.

• Develop and maintain valuation models for life, annuity, and living benefit products across statutory, GAAP, and tax reporting bases.
• Execute quarterly and annual reserve analyses, including attribution, rollforward, and experience study work, to meet all financial reporting deadlines.
• Lead or support IFRS 17 and Solvency II implementation projects, ensuring model design meets regulatory requirements and internal governance standards.
• Review and validate actuarial assumptions, including mortality, lapse, and interest rate scenarios, to confirm ongoing appropriateness against emerging experience.
• Perform asset-liability management analyses and cash flow testing to assess reserve adequacy and identify interest rate risk exposures.
• Partner with Finance, Investments, and Risk teams to translate actuarial outputs into management presentations and regulatory submissions.
• Monitor changes in actuarial standards and insurance regulations and assess the impact on existing models and reporting processes.
• Mentor junior actuarial staff and contribute to documentation that supports model governance and audit readiness.

• 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 a life or annuity insurance environment, with demonstrated involvement in reserving or valuation.
• Progress toward or attainment of ASA or FSA designation from the Society of Actuaries, with MAAA membership maintained or in progress.
• Working knowledge of IFRS 17 and at least one additional reporting framework such as US GAAP, Solvency II, or Canadian CGAAP.
• Ability to build, test, and document actuarial models with strong attention to calculation accuracy and control framework requirements.
• Experience performing cash flow testing, asset adequacy analysis, or asset-liability management for life or annuity product portfolios.
• Strong written and verbal communication skills, with demonstrated ability to present technical findings to non-actuarial audiences, including senior management.
• Proficiency in statistical programming or data manipulation languages used in actuarial model development and reporting workflows.

• FSA or FCIA designation, or near completion, with prior experience signing reserve opinions or certifying actuarial filings.
• Experience with more than one reserving basis, for example, a role that required concurrent work under both US GAAP and Solvency II or IFRS 17.
• Prior exposure to actuarial model governance processes, including first- or second-line model validation and change management documentation.
• Background in product pricing or experience studies for traditional life, universal life, fixed indexed annuities, or living benefit riders.

• Reserve variance from prior quarter, measuring accuracy of assumption-setting and model stability across reporting cycles.
• Model change cycle time in days, reflecting efficiency of development, testing, and governance approval for valuation model updates.
• Audit findings count per reporting period, tracking control framework robustness across external and internal actuarial reviews.
• IFRS 17 parallel run reconciliation rate, measuring completeness and accuracy of new standard adoption against legacy reporting bases.
• Assumption deviation ratio, comparing actual-to-expected experience to assess whether mortality, lapse, or interest assumptions remain appropriate.
• Typical tools: actuarial modelling platforms (commonly GGY AXIS or Prophet); data and statistical environments (commonly SQL, R, or SAS)

• Base Salary Range: $110,000 to $165,000 depending on designation progress and experience
• Bonus: Annual performance bonus, typically 10 to 20 percent of base salary
• Equity: Not standard; occasionally offered at senior levels in mutual or publicly held carriers
• Health Benefits: Medical, dental, and vision coverage; employer contribution standard across the industry
• PTO: 15 to 25 days annually, plus standard US holidays and exam study leave
• Common Perks: SOA exam fee reimbursement, study time paid, CPD support, hybrid work schedule

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 legally eligible to work without sponsorship unless otherwise stated by the hiring organization. Employment in this role is contingent on successful completion of a background check, which may include verification of credentials and professional designations. All qualified applicants will be considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other characteristic protected under applicable federal, state, or local law. Reasonable accommodations for individuals with disabilities are available throughout the hiring process upon request.

The Actuary owns state-level rate filing development and cross-product pricing analysis within a Homeowners insurance product line, contributing directly to profitability and product adequacy decisions. Working alongside underwriting and product teams, this role shapes whether the company prices the right product to the right customer at the right price across all segments.

Key Responsibilities

• Conduct reviews of rates, rules, underwriting, and product offerings.
• Develop rate filings at a state level to ensure appropriate pricing across all products and segments.
• Analyze state profitability and identify actions to improve performance.
• Contribute to the analysis, determining whether the company sells the right product to the right customer at the right price.
• Participate in the analysis and implementation of new products.
• Gain knowledge in insurance content matters across Homeowners products.

Required Qualifications

• Bachelor's degree in a quantitative field required; graduate degree preferred.
• Minimum 2 casualty actuarial exams passed; desire to achieve FCAS required.
• Minimum 1 year of professional experience or 1 actuarial internship, ideally in P&C insurance.
• Knowledge of actuarial pricing methods and state-level performance analysis.
• Intermediate to advanced skills in Microsoft Excel required.
• Knowledge of SQL, SAS, R, Python, Tableau, or MicroStrategy.
• Strong analytical, structured thinking, and problem-solving skills; ability to communicate effectively and succinctly across a variety of media.

Embedded within the actuarial function of a UK life insurance company, the Actuary assists the Chief Actuary in ensuring appropriateness of methods, models, and assumptions for technical provisions and Solvency II compliance. Working closely with underwriting, reinsurance, and regulatory stakeholders, this role delivers actuarial function reports and builds the capability needed to sustain a compliant and well-controlled risk environment.

Core Functions

• Assist the Chief Actuary in ensuring appropriateness of methods, models, and assumptions for technical provisions.
• Assess sufficiency and quality of data for technical provisions.
• Provide opinions on underwriting and reinsurance.
• Produce Actuarial Function reports, including the Chief Actuary's view of methods, assumptions, and valuation results.
• Assess adequacy of methods and assumptions used to calculate capital requirements.
• Develop capability and processes to comply with Solvency II regulatory requirements.
• Manage contractual relationships and personal expenditure in accordance with delegated authority requirements.
• Identify, assess, and manage risk within the business area to strengthen risk and control culture.

Qualifications & Experience

• Qualified or near-qualified Fellow of the Institute & Faculty of Actuaries; CPD requirements maintained.
• Experience in financial reporting and actuarial modelling for a life insurance company.
• Knowledge of regulatory frameworks applicable to the UK business, Solvency II, and actuarial professional standards.
• Working knowledge of financial dynamics, analytical techniques, Prudential products, systems, and distribution methods.
• Ability to draw conclusions from complex data sources and generate practical solutions to ambiguous problems.
• Strong communication skills to convey complex issues effectively to peers, managers, and stakeholders.

Reporting to actuarial leadership, the Actuary maintains actuarial reporting systems, performs profitability analysis, and develops rate filings and reserve methodologies across multiple lines of business within a property-casualty insurance environment. Partnering with information systems, regulators, auditors, and examiners, this role sustains accurate reserve calculations and ensures timely regulatory compliance across all state submissions.

Primary Duties

• Maintain actuarial reporting systems, analyze and summarize actuarial reports, and provide recommendations.
• Compile monthly and quarterly actuarial reports and extract mainframe data into spreadsheet form.
• Perform profitability analysis and determine appropriate rates for various lines of business.
• Review rating bureau changes, make premium comparisons with competing companies, and adjust prior experience to reflect future contingent liabilities.
• Prepare and document rate filings and other submissions to state regulatory authorities.
• Determine bulk loss and loss expense reserves and establish review of methodologies; provide written and oral support to regulators, auditors, and examiners.
• Develop actuarial computer models and serve as liaison to the information systems department.

Skills & Qualifications

• Bachelor's degree in Statistics, Mathematics, Accounting, Finance, Economics, or related field; or four years' experience as ASA/ACAS.
• Associate of the Casualty Actuarial Society or Society of Actuaries.
• Experience in profitability analysis, competitive pricing, and rating model development.
• Knowledge of reserve methodologies, regulatory reporting, and state insurance department requirements.
• Advanced skills in Microsoft Excel.
• Experience with actuarial and data systems.
• Strong analytical skills with the ability to analyze trends, claims activity, and proposal and renewal data.

Sitting at the intersection of complex reserving analysis and cross-functional stakeholder influence, the Actuary evaluates technical problems and provides consultation on actuarial models and risk issues to drive profitability and reserve adequacy outcomes across the complete product portfolio. Operating across mentoring relationships with junior staff and project teams focused on improving quality of information, this role strengthens the analytical rigor and governance culture of the actuarial function.

Duties

• Complete quarterly reserve analyses across the complete product portfolio.
• Evaluate complex problems using technical expertise and present findings and recommendations.
• Provide consultation and clarification on actuarial models and risk issues, influencing business partners toward courses of action with sizeable impact on profitability or reserve adequacy.
• Participate in special projects to improve the quality of information, analysis, and the reserving process.
• Mentor, motivate, and train less experienced staff and peers.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Business, Finance, or equivalent.
• Minimum 3 years of relevant actuarial work experience; reserving experience strongly preferred.
• Commitment to achieving Associate or Fellowship in the Casualty Actuarial Society.
• Experienced actuarial viewpoint across multiple subjects, companies, industries, and regulatory practices, and the role of other departments.
• Familiarity with internal and external statistical trends, factors, and data impacting underwriting results and business strategies.
• Advanced actuarial concepts, project management skills, and the ability to perform advanced actuarial activities.
• Experience with Excel, SQL, R, and Office Suite.
• Advanced analytical, problem-solving, and decision-making skills.
• Excellent verbal and written communication skills to exchange complex information.

A key member of the Actuarial Reporting team, the Actuary leads development and maintenance of actuarial models, predominantly Prophet, while supporting the optimisation of existing processes and implementation of new transactions across a life insurance or life reinsurance environment. Collaborating across Lifeco colleagues and relevant professional bodies, this role builds the modelling infrastructure and methodology standards that enable accurate and timely actuarial reporting and Group project delivery.

Functions

• Work on the development and maintenance of actuarial models, predominantly Prophet.
• Support the Actuarial Reporting team in optimising existing processes and implementing new transactions through actuarial modelling solutions.
• Review and develop relevant actuarial methodologies and techniques, keeping up to date with industry developments.
• Support review and challenge of new business propositions and manage the implementation of actuarial modelling and reporting requirements.
• Contribute to design, development, and planning for Group projects, new transactions, and new reporting requirements.
• Engage with colleagues across Lifeco and relevant professional bodies to keep up to date with emerging experience and best practice.

Experience & Qualifications

• Actuarial qualification with at least 5 years' experience in life insurance or life reinsurance.
• Model development experience, ideally in Excel, SQL, and Prophet.
• Understanding of coding standards and best practices.
• Strong analytical and problem-solving skills with the ability to plan work, manage time, and deal with changing requirements.
• Competent in MS Excel, MS Word, MS PowerPoint, and ideally data visualisation software such as Power BI.
• Self-motivated, assertive, and able to work autonomously, as part of a team, and across teams.
• Enthusiastic with a strong work ethic and willingness to work flexibly.

Sustained pricing accuracy and financial forecasting for HS&SA and voluntary products depend on the Actuary, who owns all facets of pricing, including plan designs, benefit offerings, pricing manual and tools, and Embedded Value modelling across the product portfolio. Based within the Voluntary Products CFO team, this role leads training for underwriting organisations and supports talent development while maintaining pricing expertise across Legal, Pet, and specialty lines.

Accountabilities

• Own all facets of pricing for HS&SA products, including plan designs, benefit offerings, pricing manual and tools, pricing strategies, and financial forecasting.
• Conduct experience studies, profitability analysis, and projection modelling, including Embedded Value modelling.
• Maintain and enhance existing pricing programs, documentation, and quoting tools.
• Lead training on HS&SA pricing to underwriting organisations.
• Provide pricing support for Legal and Pet products.
• Participate in and assist the Voluntary Products CFO team in developing talent and maintaining pricing expertise.

Technical Qualifications

• 5+ years of actuarial experience in insurance, including 1+ years of pricing experience.
• Fellow of the Casualty Actuarial Society (FCAS) or Fellow of the Society of Actuaries (FSA); prior experience in HS&SA, Legal Plan, or Pet preferred.
• Experience in product and contract design, assumption development, pricing model development, and production regulation research.
• Advanced MS Excel and Microsoft Access skills, including Visual Basic programming.
• Strong verbal and written communication skills.
• Ability to develop and maintain strong relationships with internal and external partners.

As the Actuary, this role performs reserve, cash flow, and variability analysis, including Solvency II technical provisions and leads project work for the implementation of an IFRS 17 reporting system within an international finance and risk management environment. The international finance team and management rely on this work to receive timely, well-developed actuarial methods, insights, and recommendations that support profitability and risk analysis across the business.

Activities

• Perform reserve, cash flow, and variability analysis, including Solvency II technical provisions.
• Use and improve current systems for reporting to the international finance team, management, capital modellers, auditors, and regulators.
• Lead project work for the implementation of a system for IFRS 17 reporting.
• Perform profitability and risk analysis for various business purposes and present issues and recommendations to operating management.
• Improve, develop, test, and implement actuarial methods for reserve analysis, cash flow calculations, and volatility estimation.

Position Requirements

• Ongoing actuarial studies with exams including mathematics or mathematical statistics, or equivalent education and experience.
• Understanding of Solvency II and IFRS 17 regulations is a merit.
• Experience and interest in data processing and database structure.
• Working knowledge of ResQ, SAS, SQL, Excel, or Power BI.
• High ambition combined with creativity, strong attention to detail, and strong analytical and problem-solving skills.
• Well-documented written and verbal communication skills in Swedish and English.
• Ability to work independently and within a multicultural organisation.

Actuary develops and maintains the internal capital model to reflect the risk profile and prepares Internal Model Capital Assessments in accordance with Solvency II standards within a specialist insurance environment at Beazley. Success in the position means delivering rigorous model outputs to business and risk management questions while complying with relevant procedures and supporting the company's regulatory obligations.

Operational Focus

• Maintain and develop the internal model to reflect the risk profile.
• Prepare Internal Model Capital Assessments and use the internal model to answer business and risk management questions.
• Ensure the capital model meets Solvency II standards.
• Develop understanding of the business and regulatory approaches to support internal model output analysis and presentation.
• Comply with relevant Beazley procedures and policies.

Knowledge, Skills & Abilities

• University degree desirable; part-qualified actuary.
• Professional work experience; exposure to the insurance industry.
• General commercial and financial knowledge.
• Understanding of statistical concepts and statistical software.
• Strong programming skills with exposure to MS Excel, MS Access, VBA, and SQL.
• Effective communicator both verbally and in writing.
• Team worker and self-starter with strong analytical thinking, accuracy, and integrity.

The Actuary produces audit and peer review engagement leadership for IFRS 17 and LICAT 2023 while supporting parallel run analyses and continuous AXIS model changes within a life insurance capital reporting environment. Reporting to senior actuarial leadership and collaborating with capital project teams, this role advances regulatory readiness by developing training materials and building organisation-wide awareness of IFRS 17 and LICAT requirements.

Key Responsibilities

• Lead internal and external audit and peer review engagement for IFRS 17 and LICAT 2023.
• Analyze and research LICAT 2023 requirements and support all aspects of the parallel run for IFRS 17 and LICAT 2023.
• Support continuous AXIS model changes driven by IFRS 17 and LICAT 2023.
• Develop training materials and proactively build awareness for IFRS 17 and LICAT.
• Assist with other capital projects on an ad-hoc basis.

Professional Experience

• FSA/FCIA or equivalent actuarial designation, or career ASA.
• Prefer 5+ years of life insurance experience.
• Prior audit experience.
• Working knowledge of IFRS 17, LICAT, and Solvency II; experience in AXIS.
• Ability to maintain an effective control environment and handle multiple assignments with appropriate prioritisation.
• Proficiency in Microsoft Office Suite and Excel.
• Strong interpersonal, analytical, and problem-solving skills with high attention to detail and professional ethics.

Embedded within a bulk annuity pricing and business development team, the Actuary reviews quotations and pricing bases for buy-in and buy-out transactions while liaising with the investment front office to identify suitable supporting assets. Working closely with external clients, legal counterparts, and senior stakeholders, this role develops scalable pricing models and maintains risk governance compliance to support the long-term growth of the bulk annuity business.

Core Functions

• Review quotations and provide pricing recommendations for bulk annuity buy-ins and buy-outs.
• Liaise with the investment front office to identify suitable assets to support bulk annuity transactions.
• Review legal agreements and contribute to contract negotiations with external stakeholders.
• Support business development and relationship management, including meeting with clients and managing the pipeline.
• Contribute to the development of pricing bases and models that adhere to risk tolerances and are scalable for future growth.
• Manage stakeholders and ensure compliance with risk governance; keep abreast of industry issues and developments.

Background & Experience

• Qualified actuary.
• Strong knowledge of UK Defined Benefit pensions, reinsurance structures, and the bulk annuity market.
• Experience managing stakeholders and implementing and maintaining an actuarial control framework.
• Understanding of capital modelling and profit testing.
• Strong communication skills.
• Able to convey technical issues to senior people, including non-actuaries.

Reporting to actuarial leadership within Allianz Global, the Actuarial Analyst contributes to quarter-end reserving processes, Solvency II internal model calibration, and Group reporting requirements while building and refreshing technical actuarial models aligned to regulatory best practice. Partnering with business stakeholders and international Allianz SE Group teams, this role strengthens the Irish non-life insurance market's analytical capability and supports strategic and cross-border actuarial projects.

Primary Duties

• Contribute to the quarter-end reserving process, regulatory returns, and Group reporting requirements.
• Contribute to the annual calibration of the Solvency II internal model and associated reporting requirements.
• Build and refresh technical actuarial models in line with Allianz Global P&C's best practice and regulatory requirements.
• Maintain procedure documentation in line with changes in modelling approaches and emerging best practice.
• Develop innovative technical approaches using available and emerging datasets and identify emerging market issues.
• Collaborate with business stakeholders to develop new models and solutions; support organisation-wide strategic projects and international group projects.

Minimum Qualifications

• Qualified Actuary with a minimum of 3 years' experience in an actuarial role.
• Previous experience in a non-life (re)insurer with reserving and regulatory reporting experience.
• Extensive knowledge of the Irish non-life insurance market.
• Working knowledge of IFRS 17 and/or Solvency II.
• Strong relationship-building skills with internal and Allianz SE Group stakeholders.

Sitting at the intersection of health insurance pricing and reserving, the Actuary conducts IBNR and reserve studies for loss-sensitive large groups and performs financial renewal and self-funding feasibility studies within a commercial health insurance environment. Operating across small group, large group, and predictive modelling assignments while reporting to actuarial management, this role enables accurate plan performance tracking and supports sound actuarial decision-making for both pricing and reserving functions.

Duties

• Maintain compliance with SOA CPD requirements.
• Assist with creating, maintaining, and assessing predictive models.
• Conduct IBNR and reserve studies for loss-sensitive large groups; perform financial renewal and self-funding feasibility studies.
• Perform renewal analysis for small group business, monthly and quarterly reporting, and ad hoc analysis for large group plans.
• Calculate actuarial value, plan relativities, enrollment, and migration studies.

Education & Experience

• Bachelor's degree in Actuarial Science, Statistics, Finance, or related field.
• Near ASA, ASA, or recent FSA.
• 3+ years of experience as an Actuary or Actuarial Associate.
• Experience with pricing or reserving for small and large group commercial business.
• Consulting experience is an asset.
• Working knowledge of predictive modelling and risk assessment.
• Advanced proficiency in MS Excel and SQL.
• Experience with BI tools such as MicroStrategy, Tableau, or Power BI.
• Strong communication skills.

A key member of the risk management and actuarial function, the Actuary leads the annual Own Risk and Solvency Assessment and conducts risk capital modelling, scenario analysis, and model validation across a reinsurance or specialty insurance enterprise. Collaborating across corporate actuarial, catastrophe, and regulatory reporting teams, this role advances internal economic capital model development and communicates findings to senior management and external stakeholders to support sound risk strategy.

Leadership Responsibilities

• Conduct and communicate results of risk capital modelling, portfolio analysis, and scenario analysis to senior management and stakeholders.
• Lead the annual Own Risk and Solvency Assessment (ORSA) and Risk Strategy update, including prospective modelling, scenario analysis, and reverse stress tests.
• Support continued development of the internal economic capital model and ORSA to capture existing and new risks.
• Create and deliver actuarial and risk management presentations to internal and external clients and stakeholders.
• Complete model validation of components or the entire model independently or as part of a team and guide first-line model owners.
• Support reporting on accumulation risk changes and group-wide best practice development for catastrophe models.

Required Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Economics, Finance, Statistics, or related quantitative field.
• Associate of the Casualty Actuarial Society or similar designation, CFA, or advanced degree in a relevant field.
• 5+ years of (re)insurance, actuarial, or risk management experience, preferably across multiple disciplines.
• 3+ years in catastrophe modelling, if applicable.
• In-depth knowledge of actuarial models, P&C internal business processes, and international solvency frameworks, including Solvency II.
• Proficient in stochastic simulation, industry catastrophe models (RMS, AIR), statistical programming (R, Python), SQL, git, and Azure.
• Strong interpersonal, communication, project management, and organisational skills; ability to influence and negotiate with varied audiences.
• 10–20% travel required.

Rigorous, decision-ready actuarial analysis for senior management depends on the Actuary, who initiates and leads the development of actuarial studies, presentations, and cross-disciplinary recommendations while managing time and resources across multiple concurrent projects. Serving as the department's representative in cross-disciplinary settings and mentoring junior team members, this role delivers comprehensive actuarial insight across both traditional and non-traditional domains including value-based reimbursement and predictive analytics.

Strategic Responsibilities

• Initiate and lead the development of actuarial studies, analyses, and presentation materials to inform decision makers and make recommendations to senior management.
• Outline data requirements for studies and give direction to less experienced staff, reviewing appropriateness of results.
• Proactively ensure internal and external consistency of all work, identify outliers and anomalies, and form reasonable approximations in advance of results.
• Manage own time and resources across multiple projects, routinely plan and organise work of less experienced staff, and mentor junior team members.
• Represent the department's perspectives and needs in cross-disciplinary settings, evaluating proposals, communicating impacts, and negotiating solutions.

Qualifications & Experience

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a closely related field.
• Associate of the Society of Actuaries (ASA) required; pursuing or holding FSA designation.
• 5-7 years of actuary experience in area of specialisation.
• Comprehensive knowledge of actuarial principles across traditional areas (pricing, reserving, trend analysis, experience studies) and non-traditional areas (value-based reimbursement, predictive analytics, network design).
• Ability to develop, design, and test analytic frameworks for complex problems.
• Advanced problem-solving, ingenuity, and originality.
• Excellent communication skills to present technical information clearly to team members and executive management.

As the Actuary, this role supports the filing of external financial reports including Annual Report and SEC filings and evaluates quarterly loss experience emergence against expectations across a specialty P&C group. The Group actuarial team relies on this work to maintain reserve adequacy opinions for subsidiaries, support catastrophe aggregation and capital management activities, and deliver actuarial due diligence for acquisitions, dispositions, and financings.

Ownership Areas

• Support filing of the Group's external financial reports including Annual Report, SEC filings, Quarterly Earnings Releases, and Financial Supplements.
• Support development of the Group's best point estimate of reserves and evaluate quarterly loss experience emergence against expectations.
• Interact with external auditors and independent actuaries in their assessment of Group loss reserves.
• Provide independent actuarial support to subsidiaries, including opinions on reserve adequacy and underwriting processes.
• Support Group-wide catastrophe aggregation, capital management activities, and regulatory and rating agency capital models.
• Support due diligence, structuring, and negotiations for acquisitions, dispositions, or financings; provide actuarial support to internal audit.

Skills & Qualifications

• Fellowship in the Casualty Actuarial Society (FCAS), Institute of Actuaries (FIA), or equivalent designation required.
• 7+ years of relevant work experience in insurance/reinsurance.
• In-depth knowledge of P&C internal business processes and specialty P&C carriers.
• Extensive understanding of actuarial principles, risk management, catastrophe modelling, and international solvency frameworks, including Solvency II and US GAAP.
• Demonstrated proficiency in MS Excel, Visual Basic for Excel, MS Access, and SQL.
• Expertise in data management.
• Excellent planning, analytical, problem-solving, financial analysis, and decision-making skills.
• Ability to work independently and prioritise demanding workloads.

Actuary refines detailed reviews of current valuation models spanning all markets and lines of business across Canada and the US while quantifying impacts of model changes under three reserving bases, including SII, USGAAP, and CGAAP. The work directly supports Corporate Actuarial, Pricing, and Operations teams in streamlining treaty setup, implementing AXIS and Power BI solutions, and delivering accurate controls within a life and health insurance reinsurance environment.

Executive Functions

• Perform detailed reviews of current valuation models and processes spanning all markets and lines of business across Canada and the US.
• Quantify and explain the impacts of model changes, new AXIS functionality, and new data under three reserving bases (SII, USGAAP, CGAAP).
• Propose and implement model enhancements; design and implement scaling approaches for living benefit models and reports in AXIS or Power BI.
• Develop controls to ensure accurate calculations and a controlled framework for model and assumption changes; perform reconciliations and identify inconsistencies.
• Build consistent assumption tables using advanced SQL tools and convert and improve data processing logic from SQL and AXIS models.
• Implement new business treaties in valuation models, work with Pricing and Operations on streamlined treaty setup, and contribute to IFRS 17 company-wide projects.

Technical Qualifications

• University degree in Actuarial Science, Finance, Statistics, or Mathematics.
• FSA/FCIA or progressing towards.
• 2+ years of experience in the Canadian Life and Health insurance/reinsurance industry.
• Experience with AXIS and Datalink.
• Advanced Excel, Word, and Access.
• SQL Server experience.
• Strong analytical, financial modelling, and project management skills with superior attention to detail and accuracy.
• Strong communication, interpersonal, and influencing skills across all levels.
• Ability to work under tight timelines and adapt in a dynamic environment.

The Actuary creates and leads the development of enterprise economic value and capital frameworks, applying deep expertise across pricing, valuation, risk management, and actuarial functions to produce value-added insights for Corporate Actuarial, Financial Planning & Analysis, and Data Science teams. Working in close partnership with actuaries and non-actuaries across a US insurer, this role elevates governance and controls around data, models, and analyses while executing complex capital transformation projects.

Key Responsibilities

• Lead development, enhancement, review, and documentation of enterprise economic value and capital framework with emphasis on evaluating liabilities across all insurance products.
• Lead ongoing reporting processes and analyses to produce value-added insights, advancing rigor, governance, and controls around data, models, and analyses.
• Lead execution of complex projects, including the transformation of capital risk processes, working closely with Corporate Actuarial, Financial Planning & Analysis, and Data Science.
• Apply broad or deep expertise in pricing, valuation, research, risk management, and other actuarial functions.
• Navigate complexity and ambiguity, resourcefully identify multiple solutions, and anticipate and evaluate potential courses of action.
• Influence and engage actuaries and non-actuaries, effectively communicating technical and non-technical information.

Required Qualifications

• Bachelor's degree in Actuarial Science, Finance, Econometrics, Statistics, Mathematics, Physics, or another quantitative discipline.
• FSA, CFA, or similar technical qualification.
• 7+ years of experience in financial services or insurance, with at least 4 years requiring strong analytical and modelling skills.
• Actuarial modelling experience, e.g., GGY AXIS or Prophet; coding skills a plus.
• Hands-on programming skills and extensive experience using, developing, or implementing actuarial modelling platforms at a US insurer.
• Strong data analytical and problem-solving skills with attention to detail.
• Cross-collaboration experience across multiple stakeholder groups.

Reporting to senior leadership within a defined benefit consulting and administration environment, the Actuary reviews and certifies all aspects of actuarial reporting and filings for defined benefit and cash balance plans while guiding and mentoring other team members. Working closely with client relationship managers, plan sponsors, advisors, and the sales team, this role coordinates plan design illustrations and compliance communications to strengthen client retention and uphold TRA's reputation for service excellence.

Core Functions

• Review and certify all aspects of actuarial reporting and filings for defined benefit and cash balance plans, as well as GASB and FASB reporting for post-employment retirement benefits.
• Guide and mentor other defined benefit team members.
• Collaborate with the sales team on plan design illustrations for new prospects.
• Collaborate with client relationship managers to proactively communicate with plan sponsors and advisors on annual compliance requirements.
• Promote client retention and identify opportunities to build relationships through exceptional customer service.
• Maintain awareness of laws, regulations, internal policies, and procedures; offer recommendations for process improvements.
• Serve as Subject Matter Advisor and maintain TRA's reputation as an outstanding corporate citizen.

Qualifications & Experience

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or equivalent professional work experience.
• ASA, FSA, or Enrolled Actuary designation in good standing; SOA EA, ASPPA CPC, and IRS ERPA designations preferred.
• Knowledge of and experience with all aspects of defined benefit plans, including funding and accounting requirements.
• Familiarity with Relius Administration, Penguin, and LynchVal software preferred.
• Strong knowledge of Microsoft Office Suite.
• Excellent quantitative, analytical, problem-solving, organisational, and customer service skills.
• Strong written and verbal communication skills.
• Ability to work independently and remotely.

Reporting to actuarial management within a mid-to-large life insurance company, the Actuary performs financial reporting, including statutory, tax, and GAAP valuations for traditional life, universal life, and annuity products while developing and maintaining actuarial models for cash flow testing and asset liability management. Partnering with financial planning and strategic decision-making teams, this role executes parallel model runs and attribution analyses that quantify financial impact and sustain accurate, well-documented valuation processes.

Primary Duties

• Perform financial reporting, including statutory, tax, and GAAP valuations for traditional life, universal life, and annuity products using valuation software.
• Develop and maintain actuarial models for cash flow testing, asset liability management, financial planning, ORSA, and other modelling projects.
• Design, test, and implement new valuation models, conduct parallel runs, and oversee roll-out to production.
• Prepare valuation extracts and model data, develop appropriate assumptions, and complete financial reports.
• Support strategic decision-making by evaluating valuation methodologies and quantifying financial impact.
• Perform detailed actuarial calculations, attribution analysis, and rollforward analysis.

Skills & Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or equivalent.
• ASA or near ASA preferred.
• 6 months to 10 years of actuarial experience at a mid-to-large life insurance company.
• Understanding of life insurance and annuity products.
• Experience with GGY AXIS, Prophet, CASE, ARCVAL, ARCBase, and Experience Analyzer.
• Strong analytical, problem-solving, and strategic thinking skills.
• Ability to independently manage multiple critical projects and meet all deadlines.
• Effective oral and written communication skills.

Sitting at the intersection of health plan finance and actuarial science, the Actuary applies knowledge of mathematics, probability, and statistics to calculate financial outcomes and elevate issues impacting operational and financial results across a health insurance environment. Operating across merger and acquisition analysis, rate setting, and claims data evaluation while engaging health plan finance and operations partners, this role enables sound underwriting, risk management, and strategic decision-making.

Duties

• Apply knowledge of mathematics, probability, statistics, finance, and business to calculate financial outcomes and develop probability tables.
• Review insurance plans, calculate required premium rates.
• Ensure cash reserves and liabilities enable payment of future benefits.
• Review, interpret, and analyze data from multiple sources to determine financial and operational impacts and elevate issues and opportunities to management.
• Participate in merger and acquisition analysis and assignments, including financial modelling, operational analysis, due diligence, and strategic initiatives.

Requirements

• Minimum 4 years of experience working with and analysing claims data.
• Expert understanding of how claims are billed and processed.
• Familiarity with rate setting, risk adjustment, or member eligibility and reconciliation preferred.
• Previous experience on a Medical Economics or Health Analytics team desirable.
• Intermediate or above knowledge of SAS and/or SQL with at least 3 years of daily use.
• Experience working with health plan finance and operations business partners.

A key member of the actuarial team within a reinsurance or specialty insurance environment, the Actuary guides the completion of actuarial analyses, including rate filings, ultimate loss projections, pricing studies, and risk capital modelling, while directing the use of actuarial resources and the development of new methodologies. Collaborating across underwriters, client managers, risk analysts, accountants, and actuarial staff, this role coordinates the actuarial insights and presentations that support sound decision-making for internal and external clients.

Accountabilities

• Complete actuarial analyses, including rate filings, ultimate loss projections, pricing studies, risk capital modelling, and portfolio analysis; lead projects requiring multiple resources.
• Create and present actuarial presentations to internal and external clients and management.
• Direct modification and enhancement of existing applications; coordinate and prioritise the use of actuarial resources.
• Direct completion of required data preparation, identify data and operational issues, and take action to address them.
• Document and communicate assumptions, technical issues, results, and alternatives to actuarial staff and clients.
• Participate in developing new methodologies, products, and procedures; peer review actuarial work and provide constructive feedback.
• Train underwriters, client managers, risk analysts, accountants, and actuaries on actuarial analyses and methodologies.

Position Requirements

• Bachelor's degree in Mathematics, Actuarial Science, Economics, Finance, Statistics, or related quantitative field.
• Membership in the Casualty Actuarial Society and MAAA.
• 5+ years of (re)insurance/actuarial experience.
• In-depth knowledge of actuarial models, standard techniques, and methods appropriate for the functional area.
• Strong knowledge of (re)insurance products and financial metrics.
• Strong interpersonal, communication, time management, organisational, and project management skills.
• Ability to manage conflicting priorities and direct resources outside the department.

Accurate quarterly P&C insurance reserve estimation and solvency reporting depend on the Actuary, who performs statutory and US GAAP reserve calculations in cooperation with Claims, Underwriting, Pricing, Finance, and Accounting teams while contributing to Group actuarial assignments. Serving as the actuarial liaison to Swiss Re teams across regions, this role drives process efficiency through automation and ensures compliance with local insurance laws and regulatory requirements for reserving.

Activities

• Perform quarterly estimation of P&C insurance portfolio reserves (local statutory, US GAAP) in cooperation with Claims, Underwriting, Pricing, Finance, and Accounting.
• Estimate corresponding payout patterns for use as input parameters in the economic valuation model.
• Support Finance in preparation of internal and external financial reports and Risk Management in preparation of Capital and Solvency calculations.
• Prepare recommendations to reserve committees and legal entity management; conduct detailed ad hoc portfolio reviews and analyses.
• Improve process efficiency and quality by automating process steps and ensuring compliance with local insurance laws and regulations for actuarial reserving matters.
• Contribute to international and Group actuarial assignments; coordinate inter-regionally with Swiss Re actuarial teams to simplify and automate global processes.

Knowledge, Skills & Abilities

• University degree in Actuarial Science, Mathematics, or Finance.
• Qualified actuary of the CAS or an internationally recognised association, or actively progressing toward designation.
• Experience in a P&C insurance environment; actuarial valuation and reporting experience required.
• Experience in pricing, underwriting, or solvency an asset.
• Knowledge of statutory and regulatory environments in the US.
• Good understanding of actuarial, accounting, and information systems.
• Familiarity with R, SAS, SQL, or other statistical computing and data visualisation languages.
• Outstanding written and verbal communication skills in English; proficiency in Spanish a plus.
• Proactive, integrative personality able to work across different cultures and styles.

As the Actuary, this role develops and maintains all AXIS valuation models for compliance with emerging standards, including FASB's LDTI, while ensuring a robust control framework and participating in external and internal audit processes within a life insurance environment. The actuarial and finance team relies on this work to sustain accurate quarterly and annual STAT/GAAP/TAX reserve reporting, experience studies, and profitability and pricing data across the organisation.

Operational Focus

• Prepare actuarial models for compliance with emerging standards, including FASB's LDTI.
• Develop and maintain all AXIS valuation models and oversee analysis and development of future model improvements and analytic capabilities.
• Ensure a robust control framework and complete appropriate model testing and documentation.
• Participate effectively in external and internal audits and mentor other team members in the use and development of models and tools.
• Assist in completing quarterly and annual STAT/GAAP/TAX reserve reporting, analytics, experience studies, and profitability and pricing data.

Professional Experience

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Computer Science, or equivalent.
• Associate of the Society of Actuaries or near FSA.
• Strong hands-on AXIS experience, including model development, testing, and production use.
• Prior experience modelling USGAAP LDTI, BMA, IFRS 17, and SII is advantageous.
• Knowledge of AXIS, Risk Integrity, IFRS 17 Link, US GAAP Link, R, SQL, Excel, VBA, and Business Objects; strong IT and data management skills.
• Excellent written and oral communication skills.
• Strong problem-solving, prioritisation, collaboration, and ownership skills in a fast-paced environment.

Actuary executes expert analysis and interpretation of complex operational data and leads projects to position the product line for financial stability and profitable growth within an individual life insurance environment. The work directly supports product line teams, management information reporting, and state insurance department compliance through well-designed data quality programmes and effective use of actuarial projection methods.

Key Deliverables

• Provide expert analysis and interpretation of complex operational data influencing operating results.
• Lead projects to keep the product line positioned for financial stability and profitable growth, including defining, facilitating, and recommending implementation of systems, processes, and procedures.
• Collaborate with product line teams to develop product and service enhancements and management information reports.
• Supervise preparation of exhibits, forms, and other media to fulfil statutory and reporting requirements of state insurance departments and outside agencies.
• Design and direct effective use of data projection techniques, reporting procedures, and actuarial methods to regularly produce reports and analyses for management information purposes.
• Create and implement data quality assurance programmes to ensure the integrity and quality of data.

Qualifications & Experience

• Fellow of the Society of Actuaries designation.
• Minimum 5 years of actuarial work experience.
• Experience in the valuation of individual life insurance products.
• Prophet modelling software experience.
• Strong leadership, mathematical, analytical, logical, and problem-solving skills.
• Ability to effectively communicate technical data to non-technical audiences.
• Unquestioned ability to retain confidential business information.

The Actuary crafts quarterly and annual GAAP, SAP, and tax valuations for Medicare supplement and other health blocks of business while preparing GAAP earnings presentations and Loss Recognition Testing analyses for senior management within a health insurance actuarial reporting function. Working with senior management, one supervised support staff member and peer-reviewed colleagues, this role supports Sarbanes-Oxley compliance and ensures the appropriateness of experience assumptions across the portfolio.

Role Responsibilities

• Provide and explain quarterly and annual GAAP, SAP, and tax valuations for Medicare supplement and other health blocks of business.
• Assist in researching and performing senior-level earnings analysis; prepare and deliver GAAP earnings presentations to senior management.
• Prepare relevant annual statement exhibits and schedules; assist in Loss Recognition Testing and deliver LRT presentations to senior management.
• Support Sarbanes-Oxley directives and supervise one support staff member while peer reviewing another.
• Assess appropriateness of experience assumptions and validity of emerging experience and trends.

Education & Experience

• Bachelor's degree in Actuarial Science, Mathematics, or related field.
• ASA designation required; FSA or MAAA membership preferred.
• Minimum 5 years of actuarial experience.
• 5 years of experience with health products and/or valuation preferred.
• Experience with PolySystem's software, SQL, SAS, and other programming software preferred.
• Strong oral, written, and presentation communication skills.
• Ability to work well within a team.
• Supervisory experience preferred.

Embedded within a multi-line actuarial model governance function, the Actuary manages first- and second-line model validations across Life, Health, Accumulation, and Retirement product lines while partnering with actuarial product line owners, model conversion teams, and the Risk Model Validation team. Working closely with actuarial leadership and technology partners, this role strengthens the model change management framework, sustains compliance with governance protocols, and delivers reserve adequacy and risk management analyses to senior management.

Leadership Responsibilities

• Lead and perform actuarial peer review, testing, and documentation activities on Life, Health, Accumulation, and Retirement projection, valuation, pricing, and experience study models.
• Support actuarial product line model owner teams, model conversion teams, and Risk Model Validation team to execute first- and second-line model validations.
• Comply with all model change management process protocols and suggest improvements; partner with Actuarial teams to provide model governance, control guidance, and best practices.
• Execute significant and complex data manipulation and calculations using macros and other programmes; provide reports and analyses to management on experience, reserve adequacy, and risk management.
• Review, advise on, and analyse studies underlying actuarial assumptions; monitor developments in actuarial techniques, laws, and regulations.

Skills & Qualifications

• FSA or equivalent designation with a Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• 7 years of relevant experience; alternative qualification pathways accepted.
• At least 6 years of actuarial modelling experience for various purposes and capacities; experience on AXIS and/or ALFA modelling platforms.
• In-depth experience with products in at least two product lines.
• Thorough understanding of relevant industry regulations.
• Strong mathematical, statistical, analytical, and leadership skills.
• Excellent computer skills.
• Experience managing model development or testing projects.
• Effective written and verbal communication of advanced mathematical and analytical concepts.
• Ability to work well under pressure and within time constraints.

Reporting to actuarial leadership, the Actuary leads timely and accurate reporting, validation, and analysis of Asset Adequacy Testing, ALM metrics, and free cash flows while collaborating with Corporate Actuarial and Investments teams to model and validate asset cash flows using MG-ALFA within a fixed indexed annuity environment. Partnering with the Investments team, Corporate Actuarial, and direct reports through the full employee life cycle, this role sustains regulatory compliance and optimised business strategy for the annuity product line.

Strategic Responsibilities

• Lead timely and accurate reporting, validation, and analysis of Asset Adequacy Testing, ALM metrics, free cash flows, and reinsurance impact analysis.
• Lead VM-22 Field Testing and collaborate with Corporate Actuarial, Investments, and other teams to share results and support optimised business strategy development.
• Collaborate with the Investments team to model and validate asset cash flows and key metrics from MG-ALFA.
• Lead employees with responsibility for the full employee life cycle, including selection, performance management, development, and retention.
• Monitor actuarial industry developments and remain current on applicable regulatory, accounting, and best practice matters.

Required Qualifications

• Bachelor's degree in Actuarial Science or related field.
• FSA, MAAA, or ASA, MAAA required.
• 6+ years of progressively responsible actuarial experience.
• At least 3 years of experience using MG-ALFA or alternative actuarial software; prior supervisory experience preferred.
• Strong knowledge of fixed indexed annuities, asset-liability models, US RBC capital requirements, including RBC C3 Phase 1, and actuarial valuation laws and regulations in the annuity industry.
• General knowledge of assets, economic scenarios, and actuarial valuation laws.
• Exceptional attention to detail and ability to interpret technical journals, financial reports, and legal documents.
• Ability to present technical information to top management and boards.
• Ability to work cooperatively with employees, customers, reinsurers, vendors, and third parties under deadline pressure.

Sitting at the intersection of technical actuarial leadership and cross-divisional strategy, the Actuary designs and oversees proxy model specification, development, testing, and improvement across all funds, entities, and groups within a life insurance reporting environment. Operating across senior management presentations, cross-divisional projects, and team development responsibilities, this role runs the technical leadership processes that keep proxy modelling aligned with regulatory, business, and professional standards.

Ownership Areas

• Serve as key subject matter expert for proxy modelling across all funds, entities, and the Group.
• Contribute to the specification, development, and testing of improvements to the proxy model.
• Lead and develop other team members and contribute to the preparation of papers for senior management and executives.
• Provide technical leadership in key areas of expertise and represent the business area within cross-divisional projects.
• Communicate effectively with technical and non-technical audiences; continually enhance processes and procedures to deliver effective business solutions.
• Maintain up-to-date regulatory, business, and professional knowledge and meet CPD requirements; balance business demand, issues, and risks with sound judgement in complex scenarios.

Technical Qualifications

• Demonstrated knowledge of proxy models, validation, and Life products, processes, and reporting procedures.
• Excellent analytical expertise, technical know-how.
• Ability to use diagnostic techniques to trace root causes methodically.
• Knowledge of the market, industry, competitors, products, and trends within the life insurance sector.
• Strong project management skills.
• Ability to work under pressure and tight deadlines, and prioritise work effectively.
• Commercially aware, change-oriented, flexible, and able to produce high-quality reports and communicate clearly across written and oral channels.

A key member of the actuarial pricing and valuation team, the Actuary manages pricing models and projections for life and annuity products and manages interest rate risk and hedging programmes within a company serving both internal management and external regulatory reporting requirements. Collaborating across finance, risk management, valuation, and senior leadership, this role strengthens product self-sustainability through experience analysis, new product design, and compliance with actuarial standards and applicable regulations.

Day-to-Day Responsibilities

• Create and maintain pricing models, run projections, and ensure product lines comply with state and federal regulations.
• Analyse sales, expenses, persistence, and mortality/morbidity experience to ensure products are self-supporting; develop and provide management reports for supported product lines.
• Research, design, and develop new products in support of company strategy; manage interest rate risk, GMWB, and temporary hedging programmes.
• Calculate and communicate the financial impact and projected liquidity of hedging programmes; prepare and present analysis and recommendations to senior management.
• Ensure valuation complies with actuarial standards and applicable regulations; monitor and report on drivers of earnings.
• Perform financial analyses in support of internal management reporting and external financial and regulatory reporting.

Position Requirements

• Bachelor's degree in Actuarial Science, Mathematics, or Statistics.
• ASA and MAAA designation required; FSA preferred.
• Typically 6+ years of actuarial experience.
• Conceptual knowledge of the actuarial area with the ability to transfer skills to new projects.
• Experience with pricing/ALM software such as MG ALFA or GGY AXIS.
• Advanced proficiency in MS Office, including Excel, Access, and VBA.
• Strong communication skills with the ability to present complex concepts to varied audiences, including company leaders.
• Strong work ethic, personal accountability, and ability to manage conflicting priorities.

Consistent actuarial soundness in go-forward rate change calculations depends on the Actuary, who designs and executes a comprehensive review plan for rate change measurement, reporting, and system implementation across all segments of a property-casualty insurer. Based within a technical actuarial leadership function and working with teams across the organisation, this role runs training programmes and cross-functional engagement to ensure rate change metrics are used effectively and consistently enterprise-wide.

Job Functions

• Develop and execute a comprehensive review plan for rate change measurement and reporting.
• Collaborate across teams and functional areas to develop recommendations that meet the needs of all rate change consumers.
• Provide technical expertise to ensure the actuarial soundness of go-forward rate change calculations and increase consistency of calculation across segments.
• Ensure end uses are consistent with the metric design and reduce the need for manual rate change overrides.
• Manage system implementation for any recommended calculation changes.
• Provide training and insights to users across the organisation to ensure effective use of rate change metrics.

Background & Experience

• Bachelor's degree required; FCAS designation required, or comparable actuarial education combined with relevant experience.
• 7-10 years of highly technical insurance and management experience demonstrating depth and breadth of actuarial skill and business acumen.
• Expert understanding of all actuarial techniques, standards, and assumptions.
• Solid understanding of effective implementation of tools and models within systems.
• Demonstrated ability to organise, lead, and get work done through others.
• Ability to manage a mix of strategic and tactical assignments.
• Exceptional interpersonal, written, and verbal communication skills.
• Ability to build effective relationships, give training and presentations to senior management, and influence across the organisation.

As the Actuary, this role conducts a full range of actuarial and financial analysis, including predictive modelling, and leads the quarterly loss ratio planning and reforecast process within a commercial lines property-casualty insurance environment. The actuarial and underwriting teams rely on this work to evaluate new business opportunities, manage rate filings, and sustain accurate automated datasets and reports that drive efficiency across the organisation.

Scope of Work

• Conduct a full range of actuarial and financial analysis to quantify performance, including predictive modelling.
• Lead loss ratio planning and reforecast process quarterly, including rate change, loss trend, mix shift, and non-rate actions.
• Perform data work, including data cleansing, manipulation, exploratory data analysis, and model building.
• Evaluate new business opportunities and programmes and share recommendations with business partners.
• Explore new tools to drive efficiencies, refine existing workflows, and create and automate datasets and reports for actuarial analysis.
• Manage rate filings where applicable.

Qualifications & Experience

• Bachelor's degree in Mathematics, Actuarial Science, or Finance.
• At least ACAS or 5+ exams in pursuit of ACAS.
• 5+ years of actuarial experience, preferably with commercial lines; rate filing and predictive modelling experience a plus.
• Broad knowledge of insurance.
• Experience with at least one coding language such as SQL, R, Python, SAS, or VBA.
• Proficient in Windows and Microsoft Office Suite.
• Strong written and verbal communication skills with the ability to convey technical concepts to management and other functional areas.
• Detail-oriented, creative, and flexible.
• Ability to manage concurrent projects, interact collaboratively within a team environment, and quickly evaluate the accuracy of information.

Actuary runs support for ACO and narrow network pricing across all Commercial market segments in West and South Central territories, performing annual rate reviews in partnership with Commercial Actuarial market actuaries and monitoring network and product performance to sustain Operating Plan goals. The work directly supports business development of new networks, broad network discount analysis, and contract outlier identification within a health plan commercial actuarial environment.

Work Activities

• Support ACO and narrow network pricing for West and South Central territories across all Commercial market segments.
• Perform annual rate reviews in partnership with Commercial Actuarial market actuaries for existing ACOs and participate in business development of new networks.
• Monitor performance of existing networks and products.
• Ensure adequate and competitive pricing supporting Operating Plan goals for profitability and membership.
• Support analytics to understand broad network discount submissions, identify contract outliers, and work strategically to identify opportunities for contractual improvement.

Experience & Qualifications

• Bachelor's degree required.
• ASA or FSA required.
• 3+ years of actuarial and/or analytical experience.
• Strong technical, analytical, and financial skills.
• Programming experience in SQL, SAS, Python, or R.
• Excellent written and verbal communication skills.
• Ability to generate new ideas, think strategically, and solve problems that are not well defined.
• Ability to thrive in a constantly evolving environment with competing priorities.
• Superior customer service skills for internal and external constituents.

The Actuary owns personal lines rate level indications and actuarial rate filing preparation across all personal lines, communicating pricing results to Home Office and Regional personnel, and presenting to the Personal Lines Review Committee. Working alongside Home Office Personal Lines Underwriting, state insurance departments, and internal actuarial staff, this role builds team capability through training and supports consistent, well-documented pricing processes across personal lines.

Key Responsibilities

• Prepare rate level indications for all personal lines and communicate results to Home Office and Regional personnel.
• Prepare analyses of statistical experience for all personal lines; work with the Personal Lines Review Committee, presenting pricing information and evaluating rate proposals.
• Prepare actuarial portions of personal lines rate filings, including responding to questions raised by insurance departments.
• Monitor the Actuarial Department correspondence for consistency and impact on personal lines pricing work.
• Train others on personal lines pricing and rate analysis; assist Home Office Personal Lines Underwriting with special projects.

Required Qualifications

• Minimum 3-5 years of personal pricing experience.
• Strong academic and mathematics background.
• Demonstrated ability to pass actuarial exams.
• Strong PC skills, including Excel and Word.
• Strong programming skills in SQL, SAS, or VBA preferred.
• Excellent communication skills, including the ability to effectively train others and present recommendations in written and oral formats.
• Proven analytical, quantitative, and leadership abilities.
• Self-starter capable of working with minimum supervision and strong teamwork orientation.

Reporting to senior actuarial consultants within an actuarial advisory and audit services practice, the Actuary recalculates technical reserves and evaluates capital requirements under the Solvency II standard formula while providing actuarial support for Embedded Value, IFRS 4, and IFRS 17 reporting and due diligence engagements. Working closely with insurance and pension clients, internal project teams, and external auditors, this role delivers the reserve adequacy assessments and regulatory framework analyses that sustain sound client financial reporting.

Core Functions

• Perform actuarial recalculation of technical reserves and reserve adequacy testing for financial audits and reviews of insurance companies.
• Evaluate capital requirements under the Solvency II standard formula and/or internal model.
• Participate in Solvency II implementation and review projects, including capital requirements evaluation, external reporting, and data quality.
• Conduct insurance and pension portfolio analyses and participate in pricing projects.
• Provide actuarial support for due diligence projects and actuarial reporting, including Embedded Value, IFRS 4, and IFRS 17.

Skills & Qualifications

• University degree in Actuarial Mathematics, Mathematics, or Statistics.
• Actuarial experience advantageous; position also suitable for graduates.
• Knowledge of Solvency II, IFRS 4, and IFRS 17 reporting frameworks.
• Experience with Excel.
• Experience with Visual Basic, SQL, and actuarial modelling tools such as Prophet or Moses.
• Fluency in Czech or Slovak; very good knowledge of English required.
• Strong analytical thinking, business orientation, and client-focused approach.