Associate Actuary

About the Role

For more than a quarter of a century, this insurance company has been a leader in the industry. Recognized not only for its growth and stability, but as a top place to work and place your trust. They are seeking an Associate Actuary in their reinsurance division to be responsible for evaluating the viability of reinsurance proposals by employing sound actuarial methodologies and business judgment, with a focus on group term life and group health transactions.

Duties & Responsibilities

• Analyze the terms of transactions, the anticipated profitability, and return on capital of potential reinsurance proposals
• Make recommendations to senior management based on their analysis, while working closely with members of the senior leadership team
• Support the corporate goal to grow the assumed reinsurance business operations, participating in the pricing and underwriting process for potential reinsurance transactions
• Perform independent analysis of data submitted by ceding companies to price the business and provide quotes
• Review proposed treaty language and terms of the transaction
• Support the execution, approval, and implementation process of reinsurance transactions
• Support the reinsurance administration for annuity and life insurance treaties
• Prepare and review treaty settlements, initiate wires, and perform reconciliations when necessary

Skills & Experience

• Bachelor’s degree in mathematics or actuarial science required
• 4-5 years minimum of actuarial work experience
• Experience working with life insurance, group term, or group health pricing preferred
• ASA professional designation required

Compensation & Benefits

$110-120,000 + bonus + full benefits package