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American National Insurance Company

Annuity & PRT Valuation - Actuarial Analyst III

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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

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Job Description

We are seeking an Actuarial Analyst III to join our Annuity Valuation team. In this role, you will gain hands-on experience supporting the valuation and financial reporting of deferred annuity products, including Variable Annuities (VA), Fixed Deferred Annuities (FDA), and Fixed Indexed Annuities (FIA). You will also be eligible to participate in our Actuarial Student Rotation Program, where you can further your actuarial studies and pass exams while building your career.
What You'll Do:
Perform statutory valuation and reporting for Variable Annuity products. This includes running, maintaining, and enhancing the Variable Annuity valuation model developed in R. Prepare reinsurance deliverables for ceded FDA and FIA business. Prepare statutory and GAAP reserve rollforwards and financial reporting analysis for all deferred annuity products. Apply fundamental actuarial principles and increase your understanding of annuity valuation concepts. Contribute to regulatory filings, audits, and other financial reporting initiatives. Progress toward SOA credentials through company-supported study program.
Qualifications:
A bachelor s degree in mathematics, statistics, economics, or a related field with a strong mathematical background. At least two years of actuarial experience. Annuity valuation or modeling experience is a plus. Two or more actuarial exams passed. Strong programming background. Experience using R is a plus. Proficient with MS Excel and Access (Macros, PowerQuery, etc.).