Overview of Position
The Actuarial Associate supports various actuarial functions that include pricing, reserving, forecasting & experience analysis/reporting. They provide advanced analysis to moderately complex, defined tasks & projects. This role recommends and implements techniques which support Assurant operations in achieving its goals related to revenue and profitability targets. The Actuarial Associate demonstrates the ability to understand direction provided in project deliverables, time management, and development. This role is expected to also participate in the department’s exam and rotational programs, which provides the opportunity to gain experience in numerous areas of the Actuarial organization while also understanding all products included in Assurant’s product suite. The Actuarial Associate reports to the Supervisor of Actuarial.
What will be my duties and responsibilities in this job?
Owns the process of responding to all internal, external or ad hoc requests for business unit/product line supported with direct guidance from manager.
Appropriately analyzes, adds updates, and summarizes existing memorandum templates
Locates and reconciles data from various source systems; ensures accuracy and recognizes adjustments needed for possible data anomalies
Gathers information from different internal departments and complete reports and analysis as directed; understands and develops process flows; incorporate feedback provided for reporting and communications
Assists with collecting data and responding to inquiries from state insurance departments, auditors, and internal (finance, accounting, regulatory, IT, etc.) areas regarding business processes, gaps, strategy & improvements.
Identifies system and data inefficiencies; provide recommendations to resolve.
Implements solutions to translate financial projections into business metrics; aware of area productivity, processes, & business profitability.
Participates in cross-training and knowledge sharing within team/department to accomplish goals.
Actively manages self-development. Takes actuarial exams in pursuit of professional designation
Travel up to 10%
Responsibility for the work of others
Potentially assist a junior actuary as they work together on client deliverables
What are the requirements needed for this position?
Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 2 exams completed
Minimum of 3 years of overall experience.
Must be pursuing actuarial designation or is already an Associate of the Actuarial Society (CAS/SOA/CIA/IFoA).
Minimum of 2 years of progressive responsibilities and related experience in an actuarial role.
Has advanced level of understanding actuarial concepts, insurance product and industry knowledge
Advanced proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, PowerBI, SharePoint.
Advanced to Expert proficiency to various data repository platforms (SAS/SQL/etc.)
What other skills/experience would be helpful to have?
Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 2 exams completed
Minimum of 3-5 years of overall experience
Must be pursuing actuarial designation or is already an Associate of the Actuarial Society (CAS/SOA/CIA/IFoA)
Minimum of 2-4 years of progressive responsibilities and related experience in an actuarial role
Has advanced level of understanding actuarial concepts, insurance product and industry knowledge
Advanced proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, SharePoint. Advanced to Expert proficiency to various data repository platforms (SAS/SQL/etc.)
Proficiency with coding (SQL, PowerBI)
Exhibits advanced skills in completing moderate to complex, defined tasks & projects
Handles basic conflicts independently and seeks advice on more complicated matters.
Establishes rapport with internal and external groups to stay abreast with ongoing activity that may need actuarial engagement
Demonstrates cordial, clear, and concise writing abilities through various forms of media related to technical and non-technical topics
Pay Range:
$67,900.00 - $112,100.00Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.
If there is no posting end date listed then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.
Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.
For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.
What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 15 countries and awarded the Fortune America’s Most Innovative Companies recognition, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.
Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.
Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.
Job Scam Alert
Please be aware that during Assurant's application process, we will never ask for personal information such as your Social Security number, bank account details, or passwords. Learn more about what to look out for and how to report a scam here.
