Actuarial Associate 2

**This position can be filled at a higher level depending on experience**

What you can expect as the Actuarial Associate  2:

Accurately and efficiently perform the technical actuarial tasks related to this role. This may include assisting with actuarial modeling, data analytics, product development and/or financial reporting for Sammons Financial Group (SFG) Member Companies' products. Provide technical guidance as directed.

• Develop basic working 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 basic knowledge of assumptions required for actuarial calculations and modeling and assist in applying them. Understand the rationale for making simple assumptions and judgments based on internal available data. Document assumptions made to support your work and the sources of the assumptions.
• Develop working knowledge of actuarial modeling software. Apply knowledge to assist in coding and running the models for a variety of purposes. Input and check the data and parameters as well as document the model inputs and model results for review by others.
• 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 for review by others.
• Use spreadsheet, database and other data analytic software such as Power BI to perform data analysis and summarize aggregated 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 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.
• Clearly and effectively summarize and communicate key results to stakeholders
• As needed, perform actuarial calculations to support administration or test IT functionality.
• Participate in the generous SOA examination program with a satisfactory pass record per Sammons Financial Group's actuarial study program guidelines.
• This position is eligible to participate in the Sammons Financial Group Actuarial Rotation program.

 What we are looking for:

• Bachelor's Degree preferably in the area of Actuarial Science, Mathematics, Statistics or a business-related field required
• Actuarial modeling experience preferred
• MS Excel experience a plus
• 2-4 years of experience in the field of Actuarial Science preferred
• In pursuit of an actuarial designation in the Society of Actuaries' examination program, with a minimum of 3 exams completed
• Possess a high level of mathematical ability, strong analytical skills and pay attention to detail
• Possess strong computer skills, including spreadsheets, databases and word processing
• Possess strong written and verbal communication skills
• Highly motivated to develop a strong knowledge base of the insurance industry and an ability to learn about Sammons Financial Group products, procedures, and operations
• Ability to research problems or questions and provide responses to the requestor
• Ability to work both individually and as part of a team
• Highly organized with the ability to work on multiple projects
• Ability to work effectively in an office environment
• Criminal background check required

Sammons Financial Group Companies offers some of today’s most sought after life insurance, annuity, retirement planning products and portfolio-management solutions. Unlike most financial organizations, our companies are not publicly traded, which means we’re focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on long-term growth, making decisions that allow us to deliver on our commitments to customers, distribution partners, our employees, and our communities. Individually, our companies provide value in the products and services they offer. Together we represent a history of strength and longevity.

What you can expect when you join Sammons Financial Group:

• A casual dress code (yep – that means jeans!)
• A company you want to be a part of, driven by inspiring leaders and a fun, friendly work environment.
• Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
• Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
• Our competitive benefit package includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
• A generous retirement program. Our Employee Stock Ownership Plan (ESOP) is a 100% company funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
• A company that celebrates diversity, is committed to inclusion, and is proud to be an Equal Opportunity Employer. We comply with all federal and state equal employment opportunity laws and do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other characteristic protected by federal, state or local law.
  

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.)