Actuarial Associate 2

Sammons Financial Group

West Des Moines, Iowa

Apply

JOB DETAILS

SALARY

$69,523–$142,628 Per Year

JOB TYPE

Full-time

SKILLS

Accounting Standards and Regulations, Actuarial Skills, Analysis Skills, Analysis Software, Balance Sheet, Business Services, Cash Flow, Communication Skills, Computer Skills, Data Analysis, Data Collection, Data Modeling, Detail Oriented, Develop Methodologies, Documentation Models, Establish Priorities, Finance, Financial Analysis, Financial Reporting, Functional Testing, Health Plan, Homeland Security, Income Statements, Insurance, Life Insurance, Mathematics, Multitasking, Organizational Skills, Presentation/Verbal Skills, Problem Solving Skills, Process Flow, Product Design, Product Development, Recruiting/Staffing Agency, Regulations, Risk, Risk Management, Securities, Service-Oriented Architecture (fka Distributed Object Architecture), Social Security Administration, Spreadsheets, Team Player, Technical Leadership, Technical Support, Time Management, Writing Skills

LOCATION

West Des Moines, Iowa

POSTED

22 days ago

Overview:

This position may be filled at the Associate 1 or 2 level, based on skills, experience, and alignment to the role’s scope as evaluated through our structured selection process.

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.

Responsibilities: • 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. Qualifications:

Bachelor's Degree preferably in the area of mathematics, or a business related field Required
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 And
Continued pursuit of an actuarial designation in the Society of Actuaries' examination program Required

Suitability Requirements: • 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. Management reserves the right to determine and approve incumbent suitability for this position.
Pay Transparency Verbiage:

We are open to hiring this role at the Associate 1 or 2 level based on your skills, experience, and demonstrated competencies. Leveling considers your qualifications, the scope and complexity you’ve owned, and alignment to the role’s scope.

The base salary range for Associates is $69,523 - $142,628. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary will be based on job level, candidate qualifications and experience, internal equity and geographical location. For a narrower salary range specific to your labor market, please inquire.

We know great candidates may not meet every listed requirement—if you’re excited about the role, we encourage you to apply.

Company Information: •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.
Work Authorization/Sponsorship: At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) Additional Information:

Sammons Financial Group Is An Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or any other characteristic protected by applicable law.

ADA
Sammons Financial Group is committed to providing reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you need assistance or a reasonable accommodation at any stage of the application or hiring process, including navigating our website or applying for a position, please contact HR@sfgmembers.com or call 800-728-2987.

E-Verify
Sammons Financial Group participates in E-Verify and will provide the Social Security Administration and, if necessary, the Department of Homeland Security with information from each new employee's Form I-9 to confirm work authorization.

Policy for External Search Firms and Agencies
Sammons Financial Group maintains an internal Talent Acquisition function and does not accept unsolicited resumes or candidate submissions from search firms, staffing agencies, or other third-party recruiting vendors. Please review our Recruitment Agency Policy for additional information here.

About the Company

Sammons Financial Group

Resume Resources

Free Resume Templates Free Resume Builder