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Under general supervision, codes, parametrizes, and utilizes actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, reinsurance, or capital planning; Analyzes output from models for reasonability and generates reports; May make adjustments and improvements to models or perform model review and validation, when appropriate; Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations; Develops raw data into assumption basis with which to parameterize models.
Job Responsibility:
Codes, parametrizes, and utilizes actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, reinsurance, or capital planning
Analyzes output from models for reasonability and generates reports
May make adjustments and improvements to models or perform model review and validation, when appropriate
Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations
Develops raw data into assumption basis with which to parameterize models
Works with other departments (eg. product development, financial, compliance, and Japanese colleagues) to complete assignments on schedule
Reviews and analyzes statistical data including morbidity, mortality and termination experience as well as policy provisions, state regulations, and other documents
Communicates the findings of actuarial work to managers and executives in an appropriate manner for business decisions to result
Aides in the representation of the department in internal and external groups for the benefit of Aflac
Requirements:
Bachelor’s Degree in Actuarial Science, Mathematics, Computer Science or a related field
Three years of professional job-related work experience
An Associate of the Society of Actuaries (ASA) designation from the society of Actuaries (SOA) is required and commitment to continue toward Fellow of the Society of Actuaries (FSA) designation
Currently a candidate in or qualified to become a candidate in the Aflac Actuarial Development Program (ASA and recent FSA)
Proficient at coding models in various applications (Excel, Mainframe, SQL, MG-Alfa or similar actuarial software)
Good verbal and written communication skills
What we offer:
Medical, dental, and vision coverage
Prescription drug coverage
Health care flexible spending
Dependent care flexible spending
Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee)