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E
ERGO | Munich Re | MEAG
Actuarial Associate
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Based on New York data
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$128,068 / year median in New York
-7% projected decline
Job Description
Actuarial Associate — Living Benefits (LB)
Valuation Location:
New York, NY About Corporate Actuarial - Valuation Corporate Actuarial produces reserving and financial metrics acrossIFRS 17, US
Stat/Health, and Solvency II. The team delivers accurate, forward ‑ looking financial information that supports senior management, Finance, ERM, Pricing, auditors, and regulators. Results from valuation drive thought leadership and informed decision ‑ making across the organization. The Role This role will be a member of the Living Benefits (LB) Valuation team, which handles Individual Disability (IDI) and/or Long Term Care (LTC) reporting. The Actuarial Associate's primary responsibility is to support actuarial production activities for the Corporate Actuarial team, including valuation support, data analysis, process documentation, and recurring reporting deliverables.Responsibilities Production Support and Valuation:
Assist with periodic actuarial valuation and production processes, including data preparation, model support, results review, and preparation of recurring reporting materials. Support the team in producing accurate, timely, and well-documented deliverables under established procedures and controls.Data, Analysis, and Documentation :
Perform data analysis and quality checks to support valuation, reporting, assumption review, and ad-hoc business needs. Maintain clear supporting documentation for production processes, assumptions, data checks, and work products. Assist with enhancements to recurring tools, templates, and processes to improve efficiency, consistency, and controls.Projects and Team Support:
Support team members with production tasks, management requests, audit support, and other actuarial projects as needed. Contribute to a collaborative team environment by asking thoughtful questions, learning production workflows, and building actuarial and technical skills over time. Your profile near ASA and commitment to earning ASA with desire to continue exam progression towards FSA. Minimum 2 years of experience Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field Strong analytical, problem-solving, and organizational skills, with attention to detail and willingness to learn production processes. Ability to communicate results clearly, manage multiple tasks, and work effectively with team members and business partners. Proficiency with Microsoft Office programs, particularly Excel; programming or data analysis experience (i.e. SQL) is preferred. Life insurance product knowledge including product design, features, and risks preferred Valuation or Financial Reporting experience preferredBenefits
- Health Insurance
- Dental Insurance
- Life Insurance