1 SW Security Benefit Pl, Topeka, KS 66606, USA ● 10975 Grandview Dr, Overland Park, KS 66210, USA ● 400 E Court Ave, Des Moines, IA 50309, USA Req #307
Tuesday, September 24, 2024
Security Benefit (SB), a leader in the retirement saving and income solutions market, seeks an Actuarial Associate with relevant work experience to work with the Statutory Modeling team in its Valuation Actuarial Department within the Security Benefit Life Insurance Company. The ideal candidate may work remotely but will be required to travel to our home office in Topeka, Kansas periodically.
Who Are We?
Through a combination of product innovation, exceptional investment management, and a unique distribution strategy, Security Benefit has become a leader in the U.S. retirement industry. For more than five decades, we’ve focused our expertise solely on this market, providing a broad suite of annuities and mutual fund programs to help customers from coast to coast align their assets with their aspirations.
What Does the Job Look Like?
The Actuarial Associate provides actuarial analysis and technical skills in support of fulfilling the strategic objectives for the Valuation Actuarial Department within the Security Benefit Life Insurance Company. The associate contributes to the management and financial success of annuity and retirement products by performing Statutory modeling, attribution analysis, analyzing in-force business, and performing model testing duties. Candidates must possess strong programming, financial and analytical skills and be able to successfully work with the Model Development, Planning, Pricing, and ERM Departments in support of a variety of actuarial initiatives.
Duties and Responsibilities:
- Perform mathematical and financial calculations
- Provide support for Statutory modeling initiatives
- Support preparation of actuarial memorandum, exhibits and reports
- Interpret and analyze model results from actuarial software systems
- Test model enhancements, including regression and unit testing
- Perform other tasks as assigned
Who Are You?
- Bachelor’s degree with major or minor in Actuarial Science or Mathematics
- Associate or Fellow of Society of Actuaries credential
- Minimum three years of actuarial experience
- Annuity (VA, FA, FIA) Statutory Modeling experience preferred
- Experience with actuarial modeling software preferred, using Prophet a plus
- Strong computer skills including Excel and actuarial software
- Strong programming / scripting skills including VBA, SQL, or Python preferred
- Good written and verbal communication skills
- Strong problem solving, analytical and decision-making skills
- Strong initiative and ability to work independently
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