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Actuarial Associate
Career Insights for Actuary
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Scorecard
Based on Texas 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.
$120,415 / year median in Texas
+11% projected growth
Job Description
Actuarial Associate#26-25645
houston, TX
Onsite Job Description
Actuarial Associate/ (Actuarial Product Implementation Team)
this resource MUST be local to a CRBG hub, Jersey City, Houston or Woodland Hills.
Position Summary
We are seeking a highly motivated Actuarial Associate to support new product and feature launches, system validation of in-force annuity products (Variable, Index, Fixed Annuities and RILA) and policy calculation support for Operations. This role is ideal for analytically driven individual who enjoys problem-solving, building tools, and collaborating with cross-functional teams.
LOCATION
Houston, Jersey City, Woodland Hills and Remote.
Job Description
Build, enhance and maintain actuarial validation tools to support system value validation
Prepare documentation to support model validation and internal review
Provide strong analytical skills and strategies in testing products, identifying and resolving error results from actuarial audit programs and product validation tools
Provide actuarial validation support for various Illustration tools for Index/Variable/Fixed/RILA Annuity products Provide policy value quotes, reports, inquiries as requested by Operations/Marketing/Product Management
Collaborate with other functional areas/business partners (Operations/IT/Marketing/Product Development/Pricing) to support testing in policy administration systems; communicate validation findings, risks and recommendations in a clear and business-friendly manner
Job Requirements:
BA/BS in Mathematics, Actuarial Science or an equivalent major
Knowledge of variable annuity, index annuity and living benefits products.
At least 2 actuarial exams passed, with 2 years of experience with Variable, Index, Fixed annuities
Proficient in Python/VBA/SQL/Excel
Strong analytical skills with a working knowledge of actuarial modeling concepts
Ability to work independently, given high level direction
Attention to detail in both work performed and presentation of work product
Excellent written and verbal communication skills "Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of - Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans."
Benefits
- Dental Insurance