ASSOCIATE ACTUARY JOB DESCRIPTION

An Associate Actuary who cannot produce defensible reserve estimates under GAAP and Statutory bases leaves a life insurer unable to meet state valuation regulations or pass external audit. That single accountability captures what makes this role distinct. The Associate Actuary owns a defined portion of the valuation or pricing function within an insurance carrier's actuarial department, working under credentialed oversight while exercising independent judgment on assumption selection, model validation, and regulatory reporting. In a market where ASA and FSA credentialing gates career advancement and where LDTI and IFRS 17 are actively reshaping financial reporting obligations, this seat requires technical precision from day one.

As the Associate Actuary, you are accountable for producing actuarial analyses, reserve calculations, and pricing models that directly support the financial integrity of life and annuity product lines. You work within a credentialed actuarial team, collaborating with finance, underwriting, and compliance functions, with scope that spans quarterly statutory reporting, assumption development, and ongoing model maintenance.

Career Impact: Holding an ASA designation and gaining hands-on experience with GAAP, Statutory, and Tax reserve frameworks establishes the technical foundation required to advance toward FSA credentialing and senior actuarial leadership in life insurance.

Business Impact: The reserve and pricing outputs this role produces flow directly into regulatory filings, management reporting, and capital adequacy assessments that determine how a carrier positions its product portfolio in the market.

Growth Opportunity: Exposure to LDTI implementation, IFRS 17 transition work, and ALM modeling expands the Associate Actuary's skill set into areas where credentialed professionals command materially higher market value within three to five years.

• Develop and maintain actuarial valuation models to produce reserve estimates under GAAP, Statutory, and Tax bases for life and annuity product lines.
• Design and execute quarterly monitoring of key valuation assumptions, recommending updates to senior actuaries when experience deviates from expectations.
• Prepare state regulatory filings including rate, rule, and form revisions, ensuring submissions meet applicable valuation regulations and deadlines.
• Analyze cash flow projections and reserve movements, documenting findings and presenting results to actuarial leadership and Finance.
• Collaborate with underwriting, finance, legal, and compliance teams to gather data and implement product feature or assumption changes.
• Validate model output through benchmark testing and attribution analysis, identifying defects and resolving discrepancies before reporting cycles close.
• Support annual tasks including loss recognition testing, DAC recoverability review, and experience study maintenance across assigned product portfolios.
• Mentor student actuaries and junior staff, reviewing their work and guiding their development toward actuarial credentialing milestones.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or equivalent work experience.
• 3 or more years of actuarial experience in life insurance or annuity valuation, pricing, or financial reporting, with demonstrated technical modeling skills.
• Active progress toward ASA or FSA designation through the Society of Actuaries or Casualty Actuarial Society.
• Working knowledge of GAAP and Statutory reserve frameworks applicable to long-duration life and annuity contracts.
• Ability to build and validate quantitative models, select appropriate parameters, and document methodology to auditable standards.
• Strong written and verbal communication skills sufficient to present actuarial results to non-actuarial stakeholders including Finance and Compliance.
• Proficiency in spreadsheet-based modeling and at least one programming or query language for data extraction and analysis.
• Demonstrated ability to manage concurrent project deadlines independently while maintaining accuracy in a deadline-driven environment.

• Prior experience with LDTI implementation or IFRS 17 parallel reporting in a life insurance or reinsurance context.
• Familiarity with Long Term Care, variable annuity, or indexed product valuation, including the regulatory environment governing rate increase approvals.
• Experience supporting Solvency II reporting, AG48 capital modeling, or RBC capital adequacy analysis at the carrier or reinsurer level.
• Exposure to ALM frameworks, asset-liability cash flow testing, or inforce management including credited rate and dividend strategies.

• Reserve variance versus prior quarter, measuring accuracy of assumption selection and model stability across reporting cycles.
• Regulatory filing acceptance rate, reflecting the completeness and compliance of rate and rule submissions to state departments.
• Assumption update cycle time in days, measuring how quickly emerging experience is translated into approved model changes.
• Model validation defect rate, tracking the proportion of output errors caught before results reach Finance or external auditors.
• Number of actuarial exam sittings supported for junior staff, reflecting the Associate Actuary's effectiveness as a technical mentor.
• Typical tools: actuarial projection platforms (commonly GGY AXIS or MG-ALFA); statistical and query languages (commonly Python, R, SQL, or VBA).

• Base Salary Range: $95,000 to $135,000 depending on credentialing progress and years of experience.
• Bonus: Annual performance bonus, typically 8 to 15 percent of base salary.
• Equity: Not standard at this level; some carriers offer long-term incentive plans.
• Health Benefits: Medical, dental, and vision coverage; employer contribution standard across carriers.
• PTO: 15 to 20 days annually, plus standard holidays; varies by employer.
• Common Perks: Actuarial exam study time and fee reimbursement; professional dues coverage; hybrid work arrangements common at major carriers.

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

Background checks, including verification of employment history and, where applicable, financial history consistent with the responsibilities of this role, are a condition of employment. All qualified applicants will receive equal consideration 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. Candidates requiring a reasonable accommodation to participate in the application or interview process should notify the hiring team. Candidates must be authorized to work in the United States.

The Associate Actuary builds actuarial computer models and compiles monthly and quarterly reports to support rate-level pricing, reserve determinations, and regulatory filings across multiple lines of business. Working alongside the information systems department and in coordination with state regulators and independent auditors, the Associate Actuary delivers accurate reserve support and rate filing documentation that keeps the company's products competitively and compliantly priced.

Key Responsibilities

• Compiles monthly and quarterly actuarial reports.
• Extracts mainframe data into spreadsheet form.
• Performs profitability analysis and determination of appropriate level and rates for various lines of business.
• Reviews rating bureau changes, making premium comparisons with competing companies and adjusting prior company experience to reflect future contingent liabilities for the purpose of pricing a revision to an existing product or rate level.
• Correctly prepares and documents rate filings and other submissions to state regulatory authorities.
• Files rate, rule, and form revisions along with annual required filings.
• Completes ad hoc reporting for financial and insurance data by state insurance departments, and provides input to state insurance departments on proposed legislation.
• Develops actuarial computer models and technically supports the actuarial staff.
• Serves as a liaison to the information systems department.
• Accurately determines bulk loss and loss expense reserves for reported and unreported liabilities.
• Establishes the review of various methodologies used to promulgate these reserves as well as provides both written and oral support of carried reserves to regulators, independent actuaries and auditors, and other examiners.
• Recommends follow-up studies as needed.

Required Qualifications

• Bachelor's degree in Statistics, Mathematics, Accounting, Finance, Economics, or related field, or four years of work experience as an ASA or ACAS.
• Associate of the Casualty Actuarial Society or the Society of Actuaries.
• Analyzes trends and claims activity to assist with competitive pricing decisions.
• Develops, maintains, and augments actuarial rating models.
• Develops reporting for new product types and managerial oversight.
• Analyzes proposal, renewal, and benefit data to assist Underwriting in determining rate changes.
• Performs profitability analysis to determine appropriate manual rates for the Major Group business.

Reporting to model ownership leadership, the Associate Actuary leads variable annuity model development within GGY AXIS, implementing liability assumptions, products, and regulatory requirements for statutory reserve, GAAP, hedging, and cash flow testing. Partnering with asset modeling, market data, ALM, and AIG L&R IT teams, the Associate Actuary delivers validated, well-documented models that support accurate financial projections and continuous process improvement.

Primary Duties

• Variable annuity model development for implementing liability assumptions, products, and requirements for statutory reserve, GAAP, hedging, cash flow testing, and budget projections in the GGY AXIS model.
• Maintain and develop GMWB DLL build and variable annuity models in GGY AXIS for statutory reserve, GAAP, hedging, cash flow testing, and budget projections.
• Work with model owners, valuation actuaries, and experience study team to implement new products and regulatory requirements in AXIS model.
• Work as subject-matter expert with model owner, production, and testing areas for model design, automation, impact analysis, and continuous improvements.
• Work collectively with asset modeling, market data, and ALM teams for model development projects; follow software development cycle and control standards to achieve project milestones.
• Partner with AIG L&R IT for data transformation and processing automation; develop detailed documentation of model design, processes, deficiencies, and validation in accordance with corporate and regulatory standards.
• Mentor interns and external consultants joining or rotating into the team.

Skills & Qualifications

• 4-year college degree or Master's in a quantitative field such as Actuarial Science, Applied Mathematics, Statistics, Computer Science, or Financial Engineering.
• FSA or ASA with a minimum of 3 years of post-ASA experience; 3+ years of relevant financial modeling required.
• Proficient in at least one actuarial modeling system; GGY-AXIS experience strongly preferred.
• Strong programming skills in at least one language such as VBA, Python, C++, or C#.
• Strong written and verbal communication and stakeholder management skills; self-motivated with attention to detail and ability to drive initiatives in a multi-task environment.

Sitting at the intersection of capital modeling and market oversight, the Actuarial Associate supports Lloyd's annual projection exercises and undertakes qualitative and quantitative review of syndicate SCRs, reserving returns, and capital data. Operating across multiple classes of business and Lloyd's international license workstreams, the Actuarial Associate delivers independent, high-quality analysis that informs market-level regulatory decisions and strengthens Lloyd's internal capital model outputs.

Duties

• Review and validate data returns received by Lloyd's.
• Undertake and review market-level projections for a number of 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 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 data and outputs of the Lloyd's internal capital model, including supporting uses of the model.

Undertake actuarial work for the application and maintenance of Lloyd's international licenses.

Undertake ad-hoc investigations into syndicate-specific or thematic aspects arising as part of Lloyd's market oversight.

Requirements

• Undertake detailed technical analysis with minimal guidance, design implementations to address specific questions, and suggest solutions to practical barriers based on experience.
• Deliver high-quality output based on independent task definition and proactively propose appropriate deadlines; manage project work to ensure coordinated delivery.
• Proactively share knowledge with others and identify gaps in own knowledge.
• Communicate complex areas in a targeted and audience-appropriate manner.
• Show initiative in managing concurrent deliverables and maintaining quality output under pressure.

Embedded within AIG's individual life insurance business unit, the Associate Actuary develops and maintains pricing models for universal life products while ensuring alignment with statutory, GAAP, and economic frameworks. Working closely with actuarial units, finance teams, IT, and legal stakeholders, the Associate Actuary shapes product competitiveness and supports state filing communications that enable the company to bring innovative life insurance products to market.

Core Functions

• Create technical specifications, develop actuarial assumptions, and set up rate setting for new product pricing and repricing.
• Develop and maintain pricing model to ensure best practice of statutory, GAAP, and economic frameworks.
• Review policy form with Legal and Compliance, create state filings materials, and communicate with state departments.
• Create and maintain benchmark testing tools, including developing spreadsheets and programs based on model specifications to replicate model functionality and assembling benchmark data for model comparisons.
• Collaborate with actuarial units, finance teams, IT, and legal to understand stakeholder requirements and properly implement pricing and product feature changes.
• Present results and allow others to fully understand the materiality of results and assumptions so proper actions can be taken.

Qualifications & Experience

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or other quantitative field.
• Near FSA or FSA designation.
• 4+ years of actuarial work experience; life and annuity insurance products experience preferred.
• Knowledge of life insurance products, Universal Life preferred; knowledge of regulatory environment, VM20, GAAP LDTI, and economic reserve preferred.
• Excellent spreadsheet and database capabilities including Excel, MS Access, VBA, and PowerBI.
• Experience with actuarial software such as Prophet, MG-ALFA, or Axis; Prophet preferred.
• Ability to work independently and collaboratively, challenge the status quo, and promote new solutions; detail oriented with strong analytical and problem-solving skills.

A key member of the Fidelity & Guaranty Life actuarial valuation team, the Sr. Associate Actuary establishes GAAP and Statutory/Tax reserves for designated annuity and life insurance products while leading a small group of actuarial staff. Collaborating across Finance and senior management, the Sr. Associate Actuary owns a highly controlled valuation environment that ensures product compliance with federal and state regulations and delivers accurate reserve movement analysis to decision-makers.

Functions

• Manage staff of actuaries and/or actuarial technicians.
• Oversee monthly production of reserves under GAAP or Statutory/Tax bases.
• Prepare, review, and analyze reserve movements.
• Maintain, enhance, and execute valuation controls in a timely manner.
• Maintain valuation programs for new products and new regulations.
• Stay abreast of new regulations and requirements.
• Complete other projects as assigned.

Experience & Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, or related technical field.
• Successful completion of ASA and FSA Modules 1–3, or currently in pursuit.
• Minimum four years of related actuarial experience.
• Experience with the valuation of indexed products.
• Knowledge of GGY-AXIS or similar actuarial modeling software preferred.
• Strong technical, analytical, organizational, computer, and team skills; solid understanding of insurance company income statements, balance sheets, and control environments.
• Experience managing individuals.

Accurate GAAP valuation for Supplemental Health and Life portfolios depends on the Associate Actuary, who creates and maintains GGY-Axis models, leads annual loss recognition and DAC recoverability testing, and supports LDTI regulatory change implementation. Based within the actuarial valuation function and serving as the internal GGY-Axis subject matter expert, the Associate Actuary enables timely assumption updates and well-controlled quarterly monitoring that sustains financial reporting integrity.

Accountabilities

• Create and maintain GGY-Axis valuation models while ensuring appropriate change controls are followed.
• Monitor GGY-Axis new version releases and lead the 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 updates required for upcoming GAAP Long Duration Targeted Improvements (LDTI) regulatory changes, including validation of results and resolution of defects.
• 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 for Supplemental Health and Life product portfolios.
• Assist colleagues with month-end valuation and annual statement work; lead other special projects as assigned.

Technical Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• ASA or FSA designation through the Society of Actuaries preferred.
• 4+ years of actuarial experience in a related field.
• Long-duration product experience such as Medicare Supplement, Supplemental Health, or Life preferred.
• Solid knowledge and demonstrated experience with GGY-Axis software; knowledge of SQL, R, or SAS is a plus.
• Strong technical, analytical, and problem-solving skills.

As the Associate Actuary, this role uses actuarial modeling software to project cash flows, support in-force management activities including dividends and credited rates, and identify opportunities that create business value across the organization. The broader actuarial and strategic initiatives team relies on this work to deliver credible analysis of model output that informs senior management decisions and enables competitive management of the inforce block.

Activities

• Use actuarial modeling software to project cash flows for managing the inforce block and supporting strategic initiatives.
• Develop analysis of model output and communicate results to managers and Senior Management.
• Work closely with internal and external parties to support in-force management 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.

Position Requirements

• Bachelor's degree in Mathematics, Actuarial Science, Finance, or 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; strong understanding of insurance products and company operations.
• Excellent computer skills, especially Excel, Access, and Visual Basic; experience with Prophet Actuarial Software is a plus.
• Ability to adapt to changing priorities, manage concurrent projects, and challenge current methodologies to develop more efficient solutions.

Associate Actuary leads actuarial analyses of moderate to high complexity, including reserve reviews and rating plan assessments, while supervising and developing junior actuarial staff. The work directly supports profitability evaluation across product segments and provides the analytical foundation that guides competitive pricing and growth decisions across the organization.

Operational Focus

• Prepare, perform, analyze, and review actuarial analyses of moderate to high complexity.
• Supervise, teach, and develop others.
• Collect data, select parameters, and perform calculations involved in actuarial analyses.
• Evaluate profitability of products in aggregate and at segmented levels.
• Perform and/or review traditional reserve analyses.
• Review specific components of rating plans and perform specialized reviews to support profit and growth goals.

Knowledge Skills & Abilities

• Bachelor's degree, preferably in Actuarial Science, Mathematics, or Statistics.
• 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 such as R, VBA, SQL, Power Query, and Python.
• Strong mathematical, analytical, and organizational skills; ability to work effectively in a fast-paced, team-oriented environment.
• Excellent written and verbal communication skills.

The Associate Actuary owns actuarial cash flow projection models in Moody's Analytics Axis and delivers attribution analysis supporting Capital Management and AG48 modeling, with accountability for maintaining project controls and documentation. Working with clients and colleagues across capital and modeling teams, the Associate Actuary enables transparent reporting of variability in cash flow patterns that informs key capital decisions.

Key Deliverables

• Maintain and enhance actuarial cash flow projection models in Moody's Analytics Axis, including updating assumptions and in-force population.
• Participate in actuarial modeling system conversion.
• Collaborate with clients and colleagues to support ad-hoc modeling for Capital Management.
• Compile and develop attribution analysis of Capital Management and AG48 modeling results.
• Participate in analyzing variability in cash flow patterns in support of Capital Management and AG48.
• Maintain and enhance project controls and documentation.

Professional Experience

• Two or more years of work experience in a related field.
• Individual life product knowledge desirable.
• Strong computer skills including proficiency in Microsoft Excel and VBA; SQL knowledge is a plus; experience with actuarial modeling software such as ALFA or Moody's Analytics Axis is a plus.
• Highly self-motivated with ability to work independently; strong analytical, technical, interpersonal, and communication skills; strong organizational skills with ability to work effectively in a team environment.
• Demonstrated leadership, initiative, and resourcefulness.
• Open to remote/virtual location outside of commutable Newark, NJ.

Reporting to actuarial leadership, the Associate Actuary analyzes emerging experience, monitors economic trends, and develops pricing or valuation tools, state filings, and financial reports across assigned business lines. Partnering with cross-functional areas including underwriting, compliance, and customer care, the Associate Actuary shapes assumption recommendations that strengthen the organization's pricing, valuation, and ALM capabilities.

Role Responsibilities

• Perform analysis of emerging experience, monitor marketplace and economic trends, and review implications.
• Support development of analysis framework and recommend updated pricing, valuation, or reserving assumptions.
• Regularly communicate research findings and analysis to management.
• Work effectively with cross-functional and operational areas such as underwriting, compliance, and customer care on specific initiatives.
• Develop pricing or valuation tools, prepare state filings, financial reports, and tax returns depending on area assigned.

Act as mentor for student actuaries and interns; prepare routine reports and complete other duties as assigned.

Background & Experience

• Bachelor's degree required.
• Associate of the Society of Actuaries with a desire to attain FSA status.
• Minimum two years of hands-on experience and in-depth knowledge of business analysis, pricing, valuation, ALM, or corporate experience.
• Hands-on experience with current technology including Excel, one programming language, and mainframe systems or database utilities.
• Strong problem-solving and project management skills; demonstrated leadership ability.
• Solid written and verbal communication skills.

Sitting at the intersection of regulatory compliance and financial reporting, the Associate Actuary implements quarterly Solvency II requirements and designs control processes to ensure timely and consistent reporting across multiple jurisdictions. Operating across North America Life valuation, the Central Corporate Actuarial team, and coordination with risk, finance, and auditors, the Associate Actuary enables accurate reporting outcomes that meet regulatory standards across international business segments.

Job Functions

• Implement quarterly Solvency II reporting requirements and related key internal performance metrics across jurisdictions and assist with commentary.
• Collaborate with North America Life valuation management and the Central Corporate Actuarial team to ensure timely reporting of all deliverables.
• Coordinate and liaise with risk, finance, and 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.

Minimum Qualifications

• Bachelor's degree required.
• ASA designation to near FSA preferred.
• Minimum 2 years of experience modeling in AXIS and in individual life products and life reinsurance industry.
• Proficiency in Microsoft Office Suite and Excel; R and SQL database programming skills desirable.
• Effective problem-solving skills; ability to work under pressure and manage multiple priorities; pro-active self-starter.

Embedded within the actuarial experience studies function, the Associate Actuary builds and maintains experience study tools, analyzes emerging experience for trends and anomalies, and produces documentation that supports cross-departmental reconciliation and messaging. Working closely with other actuarial departments and business partners, the Associate Actuary delivers reliable experience analysis that informs GAAP, Statutory, and Tax financial reporting for term and universal life insurance products.

Areas of Ownership

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

Education & Experience

• BA/BS Degree in Actuarial Science, Mathematics, Statistics, or related major.
• Associate of Society of Actuaries (ASA); near ASA also considered; prior life insurance experience and 5+ years actuarial experience preferred.
• 3+ years of relevant actuarial experience.
• Knowledge of GAAP, Statutory, and Tax financial reporting requirements for term and universal life insurance preferred.
• Strong proficiency in a programming language such as Python, SAS, or R; experience with actuarial modeling software such as AXIS or Polysystems preferred.
• Experience with data visualization software such as Spotfire or PowerBI.
• Ability to manage concurrent deadlines and multiple priorities; excellent written and oral communication skills; self-driven and shows ownership in tasks.

A key member of the life insurance pricing team, the Associate Actuary models the pricing and repricing of new products, performs regulatory testing, and prepares state filing materials while supporting the implementation of new functionality in pricing models. Collaborating with oversight committees and compliance functions, the Associate Actuary delivers sensitivity testing and presentation materials that quantify risk and keep pricing models current with regulatory requirements.

What You'll Do

• Model the pricing and repricing of new life insurance products.
• Perform regulatory testing and prepare materials for state filings.
• Comply with risk and control frameworks.
• Prepare presentations for oversight committees.
• Perform sensitivity tests to quantify risk.
• Assist in implementing new functionality into pricing models.
• Complete ad-hoc requests.

Required Qualifications

• Actuarial exams progress preferred; experience in pricing, valuation, and/or modeling preferred.
• Strong experience in Excel and actuarial projection software such as GGY AXIS preferred.
• Experience with Python and PowerBI preferred.
• Strong quantitative, analytical, and communication skills.
• Ability to own and drive deliverables, manage time, and collaborate effectively; open to remote/virtual locations.

Successful enterprise-wide adoption of IFRS 17 depends on the Associate Actuary, who engages stakeholders across Manulife's global organization to drive business readiness, execute change management strategies, and coordinate parallel reporting of IFRS 4 and IFRS 17 results. Serving as an internal consultant to IFRS 17 Program workstream leads, the Associate Actuary enables effective employee engagement and communication activities that prepare the organization for a fundamental shift in insurance accounting standards.

Day-to-Day Responsibilities

• Engage with multiple areas within the organization to align key stakeholders, increase awareness of change initiatives, and drive overall business readiness for parallel reporting of IFRS 4 and IFRS 17.
• Support the creation and sustainment of program awareness across the business to create employee readiness and engagement.
• Support the planning and execution of communications activities associated with the IFRS 17 Program.
• Use technical and business knowledge to advise the Program and act as Change Lead on strategies to design and execute employee engagement activities.
• Act as an internal consultant and trusted advisor to IFRS 17 Program workstream leads to ensure proper change management execution.
• Support the development of a change agent network and identify impacts to various stakeholders for each Segment and Line of Business.
• Coordinate impacts, milestones, and key performance indicators for assigned areas; assess change readiness and roll up into the Program change management plan.
• Collaborate with workstream leads, project team members, and other stakeholders to ensure relevant and consistent learning solutions support effective adoption of change.
• Determine, draft, and execute appropriate communication strategies and activities aligned with change management and program activities.

Qualifications & Experience

• Minimum 5–8 years of experience in a valuation or financial reporting role with strong knowledge of IFRS 4 accounting and end-to-end financial reporting processes.
• Experience in change management processes and methodologies including developing tactics to shift mindset and behaviors through an integrated approach; change management professional designation an asset.
• Good understanding of project management approaches, tools, and phases of the project lifecycle.
• Strong track record of influencing others and moving toward a common vision within and beyond their business area; exceptional consulting and credibility-building skills.
• Outstanding communication and interpersonal skills with strong relationship-building ability at all levels; excellent active listening skills.
• Highly organized with ability to manage multiple priorities in a fast-paced, multi-stakeholder environment; critical thinking, problem-solving, and analytical skills.
• Strong interpersonal skills in teamwork, facilitation, and negotiation; ability to work effectively across cultures and geographies; experience working with globally distributed teams across multiple time zones.
• This global position requires regular evening and/or early morning meetings.

As the Associate Actuary, this role leads the design and build of a capital financial planning and analysis model at the holding company level, applying knowledge of GAAP, STAT, Tax, and Economic principles to project cash flows and quantify income statement and balance sheet impacts. The actuarial and accounting teams rely on this work to deliver quarterly capital metrics such as RBC, BCAR, and S&P's CAR that inform management reporting and external audit requirements.

Scope of Work

• Lead the design and build of a robust model to support the actuarial side of financial planning and analysis.
• Partner with the accounting team to deliver capital metrics for management reporting on a quarterly basis, such as RBC, BCAR, and S&P's CAR.
• Apply knowledge of GAAP, STAT, Tax, and Economic principles to project future cash flows and quantify impacts to the income statement and balance sheet.
• Apply knowledge of reinsurance agreements to model treaty settlements and quantify impacts to the income statement and balance sheet.
• Perform analysis to test valuation and financial results and trends, document findings, and present to leadership.
• Ensure timely and accurate reporting, validation, and analysis of assets and liabilities, as well as delivery of required reporting items.
• Complete reporting deliverables on a monthly or quarterly cycle, review and interpret results, and take appropriate action.
• Perform audit validation, maintaining accurate valuation assumptions and inputs; ensure timely and accurate preparation and delivery on external and internal audits.
• Perform actuarial work on a range of projects and complete career development work as assigned.

Skills & Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field plus three years of related actuarial experience, or equivalent combination of education and experience.
• Strong statistical, advanced math, and analytical skills with strong technology aptitude and advanced Excel and modeling skills.
• Ability to read, analyze, and interpret technical journals, financial reports, and legal documents; ability to define problems, collect data, establish facts, and draw valid conclusions.
• General knowledge of the life and annuity industry and products; understanding of actuarial principles and ability to apply that knowledge.
• Proficient in Microsoft Office Suite.
• Ability to effectively present information to management; effective verbal and written communication skills; strong customer service orientation.
• Able to multi-task in a fast-paced environment with shifting priorities; strong organizational and planning skills; ability to work cooperatively with employees, customers, and third parties.

Associate Actuary supports rate action pricing initiatives for Long Term Care insurance products by developing and enhancing actuarial models, building inforce pricing tools, and analyzing projected cash flows to determine relative block performance. The work directly supports the company's profitability and risk management objectives by providing the assumption development and documentation that underpins LTC rate increase approvals across regulatory jurisdictions.

Work Activities

• Support development and enhancement of actuarial models used for determining LTC justified rate increases.
• Develop actuarial tools and processes for support of LTC inforce pricing.
• Analyze projected cash flows to determine relative performance of LTC inforce blocks of business.
• Support the development of actuarial assumptions related to rate increase approvals.
• Document tools and processes used in the development of assumptions.
• Work with internal and external departments and teams to gather data needed to support rate increase analysis.
• Support ad hoc requests for assistance on product issues.

Requirements

• BA/BS Degree in Mathematics, Statistics, or Actuarial Science.
• ASA or near ASA of the Society of Actuaries.
• 5+ years of relevant actuarial experience, preferably with LTC insurance.
• Strong analytical and problem-solving skills; ability to meet project deadlines and manage multiple priorities.
• Strong programming skills and experience in Microsoft Excel, VBA, and Word; experience with actuarial pricing software, preferably AXIS.
• Ability to interact professionally and effectively in a team environment.

Reporting to the company Actuary, the Associate Actuary leads the reengineering of proprietary rating models, develops rates and pricing tools for new business initiatives, and drives the company's predictive analytics initiative using R, Python, and SQL. Partnering with underwriting, senior management, and actuarial staff, the Associate Actuary delivers real-time business intelligence, state rate filings, and reserve reviews that keep the company's pricing plans current and analytically robust.

Strategic Responsibilities

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

Experience & Qualifications

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

Sitting at the intersection of variable annuity valuation and IFRS financial reporting, the Associate Actuary leads the preparation of IFRS attribution analysis and manages backend reporting tools to explain drivers of variance between actual and expected results. Operating across the ALM team, external auditors, and senior leadership, the Associate Actuary delivers accurate liability reporting and subject matter expertise on modeling methodology and IFRS 17 implementation that supports sound financial management of the variable annuity book.

Ownership Areas

• Lead the preparation and analysis of IFRS attribution and reporting for variable annuity business, explaining drivers of variance between actual and expected results and quarter-to-quarter changes.
• Provide reports and analysis of IFRS liabilities due to market movements, assumption updates, and policyholder behavior; collaborate with ALM team to understand hedging impacts on financial results.
• Lead and/or participate in discussions to provide subject matter expertise on modeling methodology, reserving principles, and valuation standards applicable to variable annuities, including IFRS 17 implementation.
• Lead the management and enhancement of backend tools supporting the IFRS attribution and reporting process to improve efficiency, accuracy, and reliability.
• May manage and motivate a small team of employees.

Technical Qualifications

• FSA or equivalent professional designation; Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field; 6 years of relevant experience, or Master's degree with 4 years, or ASA with 10 years.
• Demonstrates high-quality leadership, judgment, organization, and prioritization skills.
• Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
• Proficient in MS Excel, Visual Basic, or any programming language; knowledge of database software such as MS Access or SQL.
• Experience with actuarial modeling software such as ALFA, Moses, or TAS is a plus; experience with financial reporting and/or variable annuities is a plus.
• Effectively communicates advanced mathematical and analytical concepts verbally and in writing to various audiences.

The Associate Actuary builds and populates actuarial numeric data models using mathematical assumption data prepared by the Pricing Actuary, generating model runs and initial analysis to support timely and accurate deal pricing for clients. Working with the Actuarial Pricing Team, Marketing Actuaries, Operations, and Corporate Actuarial staff, the Associate Actuary delivers data documentation packages and valuation outputs that enable the Business Review Committee to make well-informed pricing decisions.

Performance Expectations

• Work with the Actuarial Pricing Team to deliver a quality and timely priced product to meet SGL and customer needs.
• Create and/or populate actuarial numeric data models, including liability population cells, data tables, and other structures needed to properly price business.
• Generate data model runs and provide initial mathematical analysis of results to Pricing Actuarial staff.
• Prepare data documentation packages.
• Work with Marketing Actuaries, Operations, and Pricing Actuary to ensure all information required for Data Assumption Review Committee and Business Review is available.
• Work with Corporate Actuarial staff to continually improve data modeling, establish valuation numbers, and maintain hand-off controls.
• Assist on various projects involving Life Solutions initiatives as they arise; complete other duties as required.

Position Requirements

• Must have completed ASA requirements; will participate in the Actuarial Student Program until FSA is obtained.
• 2+ years of experience relevant to a Pricing function.
• Solid mathematical analysis skills with strong problem-solving ability; knowledge of computer programming or analytical software.
• Proficiency in Windows-based software including Excel and Access; strong computer skills including Microsoft Office Products.
• Excellent verbal and written communication skills; highly motivated self-starter; ability to work effectively both independently and as part of a team.
• Regular attendance and ability to work extended hours as necessary to meet deadlines.

A key member of the LDTI project team for the annuity segment, the Associate Actuary leads modeling and assumption updates, coordinates parallel run support, and works closely with internal audit to develop controls under the new FASB Long Duration Targeted Improvements standard. Collaborating with business partners, external consultants, and cross-functional teams, the Associate Actuary enables accurate reserve movement reporting and financial forecast development that positions the annuity segment for successful LDTI adoption.

Executive Functions

• Lead the LDTI project for the annuity segment, including implementing and executing modeling and assumption updates and performing complex reporting and analysis.
• Partner with business partners and external consultants to support LDTI readiness by modeling, testing, and evaluating options to help with key business decisions.
• Work collaboratively with other teams to create and design the future state of management reporting to explain reserve movements under LDTI.
• Provide dry run and parallel run support including facilitating ledger intake templates, explaining results, and producing disaggregated rollforwards.
• Coordinate, prepare, and perform actuarial analysis to assist in the development of financial forecasts under LDTI.
• Work closely with internal audit to identify new process risks and develop and perform controls under LDTI.
• Assist in implementing LDTI under the modernization initiative and with onboarding of new Annuity blocks resulting from M&A activity.

Knowledge Skills & Abilities

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or Economics.
• FSA or nearing FSA.
• Minimum 5 years of finance, insurance industry, or actuarial experience.
• Strong understanding of insurance products and insurance company operations; experience in the Annuity and financial reporting space preferred.
• Excellent communication skills; detail oriented with strong analytical and problem-solving skills.

Successful completion of LDTI financial restatements for Lincoln's individual life business unit depends on the Associate Actuary, who works across accounting policy, actuarial valuation, and modeling areas to implement LDTI into financial reporting processes and streamline actuarial workflows. Based within the broader LDTI project team, the Associate Actuary enables redesigned, rationalized reporting that provides leadership with actionable insight and supports effective knowledge transfer across the actuarial organization.

Strategic Initiatives

• Work closely with accounting policy and actuarial valuation and modeling areas to assist in implementing LDTI into the financial reporting process.
• Assist in analyzing and communicating LDTI results to stakeholders.
• Work across actuarial areas to identify opportunities and redesign actuarial processes to streamline workflows.
• Redesign and rationalize reporting across the actuarial organization to provide insight and foresight to the business and create effective and actionable analysis.
• Assist in developing executive-level updates for key projects.

Professional Experience

• 3–5+ years of actuarial experience with actuarial credentials (ASA or FSA).
• Actuarial modeling and/or valuation experience, preferably in MG-ALFA or comparable actuarial modeling software.
• Demonstrates strong project management leadership skills including coordinating and balancing multiple projects under pressure and meeting deadlines.
• Demonstrated ability to identify and recommend process improvements.
• Effective collaboration with others.

Reporting to the actuarial department, the Associate Actuary estimates future and current claims, analyzes historical experience, and proposes premiums to achieve company goals across health insurance lines. Working within a health actuarial team that requires MAAA membership, the Associate Actuary produces the reserve estimates, rating factor reviews, and premium loads that enable the organization to maintain competitive and financially sound health insurance products.

Core Responsibilities

• Estimate future and current claims, including reserving for unpaid claim liabilities.
• Analyze historical experience and review appropriateness of rating factors by plan, area, and network.
• Propose premiums that achieve company goals and forecast the future.
• Load and test premiums.
• Perform ad hoc analyses and other duties as assigned.

Education & Experience

• Bachelor's degree in Business Administration or related field required; Master's degree preferred.
• Member of the American Academy of Actuaries (MAAA).
• Completed 7 Actuarial Courses.
• 5 years of experience in health actuarial work required.
• Intermediate MS Office skills including MS Access.

As the Associate Actuary, this role leverages Python to automate pricing, reserving, forecasting, and filing solutions while analyzing ratemaking data to support product launches into new state markets. The Pricing team relies on this work to deliver well-structured rate filings, telematics model reviews, and regulatory approvals that expand the company's P&C product footprint across the United States.

Delivery Expectations

• Leverage Python to automate existing pricing, reserving, forecasting, and filing solutions, and support development of new actuarial tools and processes.
• Analyze ratemaking and customer data to provide rating insights and make recommendations on rates.
• Work with multiple stakeholders to gather rate and rule requirements needed to support launching products into new state markets.
• Collaborate with the Pricing team to review pricing and telematics models, design templates for product coverage offerings and rate structures, and develop tools for rating examples.
• Review filing requirements and prepare filings for regulatory authorities, including actuarial memos, indications, and modeling-related supporting exhibits; collaborate with regulators to secure filing approval.

Background & Experience

• BS/BA in Math, Statistics, Economics, or similar field.
• 5+ actuarial exams preferred.
• Solid P&C experience with experience automating existing solutions; experience in ratemaking and rate filing.
• Proficient in Python (pandas, numpy, matplotlib), SQL, and Excel.
• Good understanding of relational databases and developing tabular form datasets; ability to apply analytical and statistical concepts to interpret GLM output.