Actuary Job at Sammons Financial Group (West Des Moines)

Job Responsibility

Serve as a leader in the development and execution of accurate and efficient tools and processes to support the actuarial function(s)
Analyze, summarize and present management information to drive decisions
Understand Sammons Financial Group (SFG) Member Companies' financial objectives and ensure processes and work product support those objectives
Manage multiple projects and work collaboratively with other departments, providing technical guidance as needed
Lead special projects as directed
Apply strong knowledge of SFG products related to area of focus
Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes
Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions
Recommend enhancements to existing processes or develop new processes to accommodate regulatory changes
Prepare actuarial memorandums and/or disclosures in compliance with regulations related to area of focus
Develop and recommend assumptions for management approval
Apply as needed for actuarial calculations or financial projections
Leverage company data, industry data and/or any other information indicating a potential change in the future to support individual assumptions
Use actuarial models to understand and explain the impact of a change in assumptions
Ensure assumptions and sources of underlying data are well documented
Create, understand and interpret complex financial models
Assist in choosing the appropriate modeling approach and using the right tools and methods to maximize efficiency
Analyze and explain the results of both deterministic and stochastic projections
Ensure proper governance, peer review and documentation is completed
Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed
Assist in interpreting and implementing changes in accounting and/or actuarial standards
Create spreadsheets, databases and other data analytic software as needed to perform data analysis and summarize, manipulate, transform and aggregate data efficiently and accurately
Present aggregated data verbally, numerically, graphically or in another written format to highlight key features to inform management decisions
Perform checks to confirm the robustness of the data and analysis
Understand concepts of relevant actuarial risks and the implications of failing to manage risk
Quantify risk exposure and use model projections to produce management information to measure and to monitor on-going exposure
Assist in developing risk mitigation techniques which may include product changes or new product designs
Lead special projects as required
Work individually and/or in teams on multiple projects and deliver completed projects on time and with high quality
Effectively plan and prioritize your work in accordance with broader department objectives and priorities
Develop relationships and collaborate with other departments and business units
Communicate effectively with other actuarial teams to ensure consistency in modeling approaches and assumptions across actuarial functions
As needed, perform actuarial calculations to support administration or test IT functionality
Enhance and develop personal and professional skills through the Society of Actuaries’ exam or continuing education requirements
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
6-8 years' experience in the field of Actuarial Science
Demonstrate a superior level of mathematical ability and attention to detail and strong analytical skills
Demonstrate strong computer skills including proficiency in the use of applicable technical tools
Demonstrate strong written and verbal communication skills including the ability to present highly technical information to non-technical audiences
Ability to apply insurance industry knowledge, preferably in the fields of individual life and annuities
Ability to identify and direct the analysis of problems or questions and provide recommendations to appropriate audiences
Ability to work both individually and as part of a team
Highly organized with the demonstrated ability to prioritize multiple projects and to switch priorities as necessary
Ability to work effectively in an office environment
Commitment to embrace SFG shared values (Respect, Accountability, Integrity, and Openness)
FSA Required Or Will consider near-FSA actively pursuing completion of FSA or career ASA
Criminal background check required
If the position is in the SIG business unit, Annuity New Business Securities team, or if we are holding securities licenses, FINRA regulations require fingerprinting for this position
if we are holding securities licenses, a credit check will also be required

What we offer

Comprehensive health coverage for you and your family, including Medical, Dental, Vision, HSA & FSA options, and term life insurance
Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success
Invest in your future with our 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k)
Work–life balance that means something. Friday afternoons off year-round, generous paid time off, and paid holidays
Commit to your growth with paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs
Make an impact beyond the workplace through volunteer time off, and our company nonprofit matching gift program, supporting the causes that matter most to you
An ownership culture that inspires
join a connected, values-driven workplace where employees take accountability, support one another, and are empowered to do their best work—together shaping our future shared success

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