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Associate Actuary - Annuity Valuation

Company: Ameritas
Location: Detroit
Posted on: May 14, 2022

Job Description:

At Ameritas, our mission is Fulfilling Life. We do that in many ways, but especially by helping people invest in themselves by offering trusted financial products and advice. Because we believe everyone should be happy, healthy, and financially secure, we work hard to provide trusted financial products and valued guidance, including individual life and disability insurance, employee benefits, retirement planning, investments, and wealth management services.

Ameritas is looking for our next Associate Actuary to join our Corporate Actuarial Annuity valuation team. This position is a department subject matter expert on principle-based and formulaic annuity statutory and tax reserving and the corresponding actuarial financial reporting and controls. This detail-oriented, results-driven individual will have advanced knowledge of industry practices and standards and assume the lead in the assigned responsibilities. This position is essential for the company's management of risk and to assure the appropriate level of profitability. This position is responsible for providing actionable information that enables good business decisions along with designing and managing project initiatives and business processes within job area.

What you do

  • Responsible for both principle-based reserving (PBR) and formulaic reserving for annuity products, including both VM-21 and VM-22
  • Detailed analysis of values related to quarterly statutory and tax annuity reporting
  • Create business requirements and perform detailed audit control testing for new annuity product statutory and tax valuation
  • Document decisions made, processes put in place and other work performed
  • Support process improvement projects
  • Lead implementation of VM-22
  • Create a high performing culture through associate and business resources
  • Design and implement programs or processes to achieve business results
  • Identify and resolve problems for both internal & external parties
  • Monitor and evaluate adherence to regulations, policies, and procedures
  • Perform stress testing and scenario analysis to equip management to make strategic decisions
  • Compile and analyze data, using statistical formulas and other actuarial methods
  • Respond to requests for information from actuaries, accountants, auditors, management, and other associates as well as external stakeholders, providing actuarial analysis where appropriate.
  • Design, test and maintain actuarial models for the specified actuarial purpose
  • Develop partnerships within the organization to engage in cross-functional business initiatives
  • Present and represent Ameritas to external stakeholders.What you bring

    • Bachelor's in Actuarial Science, Mathematics Statistics or related field or equivalent work experience
    • 4-7+ years of actuarial experience, with specific variable annuity and/or indexed annuity with living benefits experience
    • ARCVAL/CASE or Prophet software knowledge strongly preferred
    • Associate or Fellow of the Society of Actuaries designation. Member of the American Academy of Actuaries.
    • Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
    • Ability to accurately perform detailed calculations with a high-level of understanding.
    • Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed.
    • Project management experience with the ability to multi-task and switch back and forth between projects as needed.
    • Ability to work effectively both independently and as part of a team.What we offer

      • Our company motto is "Fulfilling Life", and we take that job seriously, with a heavy commitment to volunteering and community support, employee well-being, and providing quality products and services that help our customers create a brighter future.
      • Being a mutual-based organization, the return on our investment goes back into the company, to benefit our members/customers.
      • We're committed to professional development, opportunity, inclusion, and diversity. Team building and collaboration are also priorities.
      • A total rewards package with all the comprehensive health and welfare benefits you'd expect, including competitive pay and incentives, 401(k), flexible work schedules and time off to care for yourself and others.
      • Additional popular benefits, including tuition reimbursement, and student loan repayment, an incentivized well-being program, adoption assistance, paid time off for volunteering, training, and career development opportunities.An Equal Opportunity Employer

        Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we're committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law.

        Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

Keywords: Ameritas, Longview , Associate Actuary - Annuity Valuation, Accounting, Auditing , Detroit, Texas

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