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About the role
Key responsibilities & impact- Determine the reserves required on a Statutory, GAAP, and Tax basis to ensure the company’s financial position to meet client claims.
- Determine the financial soundness of each line of business using loss recognition testing, gross premium valuations, asset adequacy analyses, and/or experience studies.
- Gather and analyze experience statistics to estimate population mortality, morbidity, lapse, persistency, and maturity rates.
- Work with accountants, compliance officers, marketing representatives, auditors, consultants, and senior management to develop and promote the proper reserving of insurance products.
- Use mathematical techniques and statistical concepts to determine and assess the risk inherent in a particular scheme.
- Keep a close eye to the new research and developments that have arisen in the actuarial field.
- Apply innovative solutions for resolving constantly changing business problems.
- Explain the risk and limitations of actuarial schemes in detail to a non-actuarial audience.
- Document the concepts, methodologies, and procedures that have been implemented.
Requirements
What you’ll need- Minimum Bachelor’s degree in actuarial science, mathematics, statistics, accounting, or finance with an active pursuit of successfully passing Society of Actuaries actuarial exams.
- Preference will be given to candidates who have shown success in passing exams towards completion of their designation as an Associate or Fellow of the Society of Actuaries and have attained 1+ years of relevant actuarial experience working in the life insurance industry.
- Must have a strong proficiency with Microsoft Excel.
- Must have proven multitasking skills and can work under extreme pressure.
- Must have excellent analytical and computational skills (Microsoft Excel, Word, Access, PowerPoint); Actuarial Software (MG-ALFA); Financial Reporting Software (SAP) and Policy Administration Software (Life Support Plus and LifePRO).
- Must have excellent communication and interpersonal skills.
Benefits
Comp & perks- Medical insurance
- Prescription drug plans
- Dental & Vision plan with hearing care discounts
- Onsite medical clinic for team members and eligible family members
- New indoor fitness gym (Midtown Phoenix campus)
- Get Fit Gym Reimbursement Program
- Registered Dietitian Program
- WeightWatchers®
- CVS Virtual Care
- U‑Haul Kids Program
- 24‑Hour Nurse Line
- Wellness Program (Healthier You initiatives & challenges)
- Mindset App Reimbursement
- Pet Insurance & Wellness plans
- Career stability
- Opportunities for advancement
- Valuable on‑the‑job training
- Tuition Reimbursement Program
- Free online courses for personal and professional development at U‑Haul University®
- 401(k) Savings Plan
- Employee Stock Ownership Plan (ESOP)
- Company‑paid life insurance
- Voluntary life insurance options
- Short-Term and Long‑Term Disability
- Critical Illness, Accident & Hospital Indemnity plans
- Business & business travel insurance
- MetLaw Legal Program
- MetLife Auto & Home Insurance
- LifeLock Identity Theft Protection
- Dave Ramsey’s SmartDollar® Financial Wellness Program
- U‑Haul Federal Credit Union
- Paid holidays, vacation, and sick time
- You Matter Employee Assistance Program (EAP)
- Discounts on cell phone plans, hotels, computers, vehicles & more
- Community involvement & volunteer opportunities
- U‑Haul Mothers Program (Paid maternity leave)
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial sciencemathematicsstatisticsaccountingfinancial analysisloss recognition testinggross premium valuationsasset adequacy analysesexperience studiesrisk assessment
Soft Skills
multitaskinganalytical skillscomputational skillscommunication skillsinterpersonal skillsproblem-solvingattention to detailability to work under pressurecollaborationdocumentation
Certifications
Bachelor's degree in actuarial scienceSociety of Actuaries examsAssociate of the Society of ActuariesFellow of the Society of Actuaries
