Actuary

What You Can Expect In This Role

Serve as a leader in the development and execution of accurate and efficient tools and processes to support the actuarial function(s) related to this role. Analyze, summarize and present management information to drive decisions. Understand Sammons Financial Group (SFG) Member Companies’ financial objectives and ensure processes and work product support those objectives. Manage multiple projects and work collaboratively with other departments, providing technical guidance as needed.

Lead special projects as directed.

• Apply strong knowledge of SFG products related to area of focus. Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes.
• Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions. Recommend enhancements to existing processes or develop new processes to accommodate regulatory changes. Prepare actuarial memorandums and/or disclosures in compliance with regulations related to area of focus.
• Develop and recommend assumptions for management approval. Apply as needed for actuarial calculations or financial projections. Leverage company data, industry data and/or any other information indicating a potential change in the future to support individual assumptions. Use actuarial models to understand and explain the impact of a change in assumptions. Ensure assumptions and sources of underlying data are well documented.
• Create, understand and interpret complex financial models. Assist in choosing the appropriate modeling approach and using the right tools and methods to maximize efficiency. Analyze and explain the results of both deterministic and stochastic projections. Ensure proper governance, peer review and documentation is completed.
• Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed. This includes balance sheets and income statements produced by actuarial models. Assist in interpreting and implementing changes in accounting and/or actuarial standards.
• Create spreadsheets, databases and other data analytic software as needed to perform data analysis and summarize, manipulate, transform and aggregate data efficiently and accurately. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features to inform management decisions. Perform checks to confirm the robustness of the data and analysis.
• Understand concepts of relevant actuarial risks and the implications of failing to manage risk. Quantify risk exposure and use model projections to produce management information to measure and to monitor on‑going exposure. Assist in developing risk mitigation techniques which may include product changes or new product designs.
• Lead special projects as required. Work individually and/or in teams on multiple projects and deliver completed projects on time and with high quality. Effectively plan and prioritize your work in accordance with broader department objectives and priorities.
• Develop relationships and collaborate with other departments and business units. Communicate effectively with other actuarial teams to ensure consistency in modeling approaches and assumptions across actuarial functions. As needed, perform actuarial calculations to support administration or test IT functionality.
• Enhance and develop personal and professional skills through the Society of Actuaries’ exam or continuing education requirements. Attending actuarial‑related conferences is strongly encouraged.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.

• Bachelor's Degree preferably in the area of mathematics, or a…