At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
About the Position
Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives.
A few of the reasons Associates love working at Lockton include:
- Opportunities for growth and advancement, including paid training and professional development
- 12-week paid parental leave
- A huge emphasis on community involvement
- Frequent athletic and wellness events
- Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!
Business unit
Lockton-Dunning Series
Schedule
Full-time
Job type
Standard
Workplace
Hybrid
Your Responsibilities
Due to our success and increased business opportunities, we are looking for an Actuary within the Integrated Absence Solutions Practice. The position will be primarily focused on delivering quality services and financial acumen to clients and client teams, while also strategizing the build/maintenance of financial and reporting tools that aid in the automation of client work. The ideal candidate will demonstrate some group life and disability benefits experience, a high level of professionalism, the ability to work well in a fast-paced environment, the flexibility to easily adapt to changing priorities and desire to engage in new opportunities to learn.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
• Act as a senior peer reviewer of life insurance, disability, leave of absence and paid time off financial modeling including the following:
o Budget projections
o Financial/population impact of alternative designs
o Paid time off liability, termination payouts and accrual analysis
• Collaborate with IAS colleagues to review data for accuracy, as well as develop and track project deadlines
• Serve as project owner in strategic development of new financial reporting templates & continually monitor to improve standard models used in analysis
• Analyze spreadsheets, graphs, and other illustrative tools for presentations and reports
• Review custom reports and analysis for specific client needs
• Perform advanced financial and actuarial consulting, experience with broader client leadership a plus
• Integrate data from multiple data sources into relevant client reports
• Oversee development of new IAS financial/reporting tools and intellectual capital
• Become adept at using Lockton benchmarking tools and in sourcing/using external surveys
• Support the process in evaluating the competitiveness of life, disability and leave of absence renewal pricing
• Communicate in a positive manner to contribute to a cohesive, pleasant work environment
• Keep informed of industry developments and products available in the marketplace
• Make a positive contribution to customer satisfaction and constantly strive to improve service
• Participate in internal office meetings as required
• Other assignments as required
Qualifications
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED
• A Bachelor’s Degree in Actuarial Science, Mathematics/Statistics, Business, or a Finance-related field with an emphasis in math, statistics, or finance required; Master’s degree is a plus
• Minimum preferred credentials: ASA and MAAA (FSA, or plans to become an FSA, is a plus)
• 4-5 years of experience in the insurance industry, specifically in employee group life and disability benefits
• Excellent customer service skills, with the ability to develop strong client relationships
• Proficient in MS Word, Excel and PowerPoint and ability to learn other programs as required
• Alteryx, Microsoft VBA, and SQL experience highly preferred
• Strong financial and analytical skills
• Organizational and time management skills to prioritize heavy workloads and meet time sensitive deadlines
• Strong verbal, written, and interpersonal skills to interact with associates, clients and vendors at all levels
• Self-motivated, high achiever who has demonstrated leadership skills that will be used in a team-oriented environment
• Ability to work in a fast-paced environment and multi-task effectively
• Handles confidential information in the best interest of both client and company
• Legal right to work in the United States
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
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