EMC Insurance Companies

Actuarial Specialist

EMC Insurance Companies

full-time

Posted on:

Location Type: Remote

Location: United States

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Salary

💰 $85,799 - $118,545 per year

Tech Stack

About the role

  • Designs and executes high level actuarial processes involving valuation, financial modeling, and management information
  • Leads and participates on cross-functional teams
  • Develops and recommends actuarial tools and techniques to manager
  • Maintains, enhances, and documents actuarial tools and techniques required for project or production work
  • Assists with training team members on how to use actuarial tools and techniques
  • Leads the analyzing and refining of EMCNL’s financial model by proposing implementing changes and ensuring changes are documented and tested
  • Leads the quarterly and annual financial projection project
  • Gathers information from investment and accounting teams
  • Enters information into financial model and run a series of projections
  • Analyzes results of project to make recommendation on necessary amount of additional reserves
  • Ensures the completion of financial and Asset Liability Management (ALM) projections using the financial model to project short- and long-term profitability
  • Collaborates with manager on product development/pricing projects using actuarial modeling software AXIS
  • Develops highly-automated tools and systems which maintain the data integrity necessary to produce accurate results while also maintaining the flexibility to report data broken down by many factors such as product, gender, underwriting class, face amount, etc. to help with mortality and lapse studies
  • Develops and evaluates new and existing tools and works on projects to improve the management information capabilities of the actuarial team, such as data reporting
  • Analyzes data and provides report insights based on results to stakeholders throughout EMCNL
  • Makes recommendations based on analysis and communicates them as appropriate to EMCNL teams
  • Develops and recommends actuarial tools and techniques that support the actuarial process, such as evaluation and rate study
  • Leads and/or participates on cross-functional teams, such as the interest rate team and product implementation team
  • Leads and conducts independent research and analysis and provides input and findings to various teams

Requirements

  • Bachelor’s degree in actuarial science or math or related field
  • Five years of actuarial experience
  • 4-5 exams or equivalent relevant experience
  • Excellent knowledge of statistics, probability and computer programming
  • Strong ability to perform modeling, pricing, financial reporting and reserving skills
  • Thorough knowledge of actuarial terminology, concepts and theory
  • Thorough computer skills, including knowledge of Excel and Word
  • Thorough knowledge of at least one computer language, such as R, SAS or SQL (SQL is preferred)
  • Excellent analytical, investigation and problem-solving abilities
  • Strong ability to effectively lead a team and special projects
Benefits
  • Health insurance
  • 401(k) plan match
  • Pension plan
  • OneEMC bonus plan
  • Recognition and anniversary awards
  • Professional development and growth opportunities
  • Tuition reimbursement
  • Wellness initiatives to improve team member well-being and reduce health insurance costs
  • Competitive paid time off plan
  • A full day of volunteer time off annually

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
actuarial processesfinancial modelingvaluationdata reportingmodelingpricingfinancial reportingreservingstatisticscomputer programming
Soft skills
leadershipanalytical abilitiesproblem-solvingcommunicationteam collaborationtraininginvestigation
Certifications
Bachelor’s degree in actuarial science4-5 actuarial exams