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Serve as a leader in the development and execution of accurate and efficient tools and processes to support the actuarial function(s) related to this role. 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.
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 Preferred
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
Will consider near-FSA actively pursuing completion of FSA or career ASA Required
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:
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
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture