Fidelity Life/Efinancial

  • Assistant Actuary

    Location US-IL-Chicago
    Job ID
    2018-1750
  • Overview

    This Assistant Actuary will be to focused on modeling the company’s existing products and future new business.  The Assistant Actuary will be responsible for financial actuarial work and report to the Chief Actuary.

    Responsibilities

    Modeling/Projections of Company's Business

     

    Expected to be 70-80% of Employee's Time

     

    • Work on developing models and maintaining existing models for new and in force business using Milliman’s MG-ALFA  projection software.  This includes:
      • Assisting with the product design and pricing of new products.  This work will involve working with the Modeling Actuary and the Product Actuary
      • Evaluating the profitability of currently sold products to ensure they remain competitive and accurately reflect current risks,
      • Assisting with the development of projection models for existing run out business
      • Other modeling tasks including the validating existing models, running different scenarios and sensitivities and communicating results to management
    • Learn and support various tasks using PolySystems actuarial  software
    • Communicate project status to management
    • Participate in meetings as necessary
    • Address issues as they arise and take corrective action to assure timely completion

     

    Other Financial Actuarial Work

     

    Expected To be 20-30% of Employee's Time

     

    • Assist with monthly and annual financial reporting activities as needed
    • Peer review the work of others in the Actuarial Department
    • Provide back-up modeling support to Actuaries as needed for valuation/reserving, model development and research

     

     

    Qualifications

    • Prior life insurance experience preferred
    • Strong analytical, interpersonal and communication skills
    • Ability to multi-task and manage time effectively
    • Ability to work in both independently and collaboratively with different functional areas within the organization
    • Proficient in Microsoft Windows and Microsoft Office products
    • Working knowledge of PolySystems Actuarial Modeling software a plus

     

    Education and Experience:

     

    • College degree required, preferably in the area of mathematics, actuarial science or other finance related field
    • 5+ years of progressive actuarial modeling experience
    • Familiarity with life insurance products and/or reinsurance
    • Experience with financial reporting and product pricing a plus
    • Experience with actuarial modeling software, MG-ALFA preferred

     

    EEOC/Other

    Fidelity Life Association is an equal opportunity employer and supports a diverse workplace.  As a Fidelity Life℠ employee, you will be eligible for Medical and Dental Insurance, Health Savings Accounts, Flexible Spending Accounts (Health, Dependent Care & Transit), Vision Care, 401(K), Short-term and Long-term Disability, Life and AD&D coverages.

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