Actuarial Associate 2 Job at Sammons Financial Group (West Des Moines)

Job Description

Accurately and efficiently perform the technical actuarial tasks related to this role. This may include assisting with modeling, data analytics, product development and/or financial reporting for Sammons Financial Group Company's (Sammons Financial Group) products. Provide technical guidance as directed. This position will be included in our Summer 2026 Actuarial Rotation. Reporting structure will be determined then.

Job Responsibility

Develop strong knowledge of Sammons Financial Group products related to area of focus. Understand customer value propositions
Understand the basic types of insurance contracts and actuarial related regulations, basic product features and policy transactions. Apply understanding of product designs and cash flows in actuarial processes and functions. Assist in preparing materials required to comply with applicable regulations
Develop good knowledge of assumptions required for actuarial calculations and modeling and assist in applying them. Interpret historic data to make and justify simple recommendations for individual assumptions. Use actuarial models to understand the impact of a change in assumptions. Document assumptions made to support the work and the sources of the assumptions
Develop good knowledge of actuarial modeling and/or valuation software, i.e. (what the key elements are, what they can be used for and their potential shortcomings). Create and alter simple financial models, including making and validating small changes to complex models. Build tools to ensure accuracy and efficiency of models. Document model inputs and results
Develop basic knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities. Assist in analyzing basic financial reporting as needed, including balance sheets and income statements produced by actuarial models. Understand and report on pre-defined profit measures
Modify and use existing spreadsheet, database and other data analytic software to perform data analysis and summarize, manipulate, transform and aggregate data. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features. Perform checks to confirm the robustness of the data and analysis
Understand basic concepts of relevant actuarial risks and the implications of failing to manage risk. Assist in the quantification of risk exposure and use model projections to produce management information to measure and to monitor on-going exposure. Assist in developing risk mitigation techniques
Assist with special projects as required. Work individually and/or in teams to complete projects on time and with high quality. Effectively plan and prioritize your own work in accordance with broader team or department objectives and priorities
Develop relationships with other departments and business units. As needed, perform actuarial calculations to support administration or test IT functionality
Participate in the Society of Actuaries’ (SOA) examination program with a satisfactory pass record per Sammons Financial Group's actuarial study program guidelines
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity)
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands
Participate in other initiatives and/or projects as necessary

Requirements

Bachelor's Degree preferably in the area of mathematics, or a business related field
3-5 years' Experience in the field of Actuarial Science Preferred
Demonstrate a high level of mathematical ability and attention to detail and strong analytical skills
Demonstrate strong computer skills including experience using applicable technical tools
Demonstrate strong written and verbal communication skills
Possess basic knowledge of insurance industry
Ability to analyze problems or questions and provide insights to requestor
Ability to work both individually and as part of a team
Highly organized with the demonstrated ability to balance multiple projects
Ability to work effectively in an office environment
Must have passed a minimum of three (3) SOA exams
Continued pursuit of an actuarial designation in the Society of Actuaries' examination program

What we offer

Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay
Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan
Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays
Incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture

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Actuarial Associate 2

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