Farm Bureau Life Insurance Company of Michigan
Job ID: 2023-4230
# of Openings: 1
Location: Remote - Work From Personal Residence,
Category: Actuarial
Company Name: Farm Bureau Life Insurance Company of Michigan
Status: Regular Full-Time
Work Hours: Monday-Friday, 8:00 a.m.-4:30 p.m.
Salary Minimum: USD $136,973.00/Yr.
OBJECTIVE
Manager & Senior Life Actuary Objective
To provide life and annuity actuarial expertise and leadership across a variety of actuarial functions including valuation, pricing, and modeling efforts. To perform and lead others in the creation of financial reporting documents, product development, inforce management, cash flow testing, proformas, experience studies, and many other efforts. To utilize a variety of resources to accomplish these tasks such as actuarial models, programs, spreadsheets, and available reports. To incorporate new methodologies into actuarial functions and pursue continuing education as defined by the Society of Actuaries and the American Academy of Actuaries.
RESPONSIBILITIES
Manager & Senior Life Actuary Responsibilities
Oversee and monitor monthly and annual experience studies and make recommendations for modeling assumptions including mortality, persistency, and expense assumptions.
Oversee the monitoring of major pricing assumptions for all products. Oversee the design and pricing of new products consistent with the corporate objectives and needs. Maintain up-to-date information on changes in products offered by other life insurance companies.
Oversee and develop recommendations for interest rates and other non-guaranteed elements for existing products.
Oversee computer support for the Life Actuarial Department, including the designing, programming, and executing of various computer programs.
Maintain up-to-date knowledge of current procedures and practices in Life Actuarial science for successful completion of required duties.
QUALIFICATIONS
Manager & Senior Life Actuary Qualifications
Required:
Bachelor's degree required, preferably in mathematics, statistics, or actuarial science.
Five years of life actuarial experience required.
Experience using actuarial modeling software required, Prophet experience preferred.
Completion of the Associate of the Society of Actuaries (ASA) designation required.
Preferred:
Completion of the Fellow of the Society of Actuaries (FSA) designation preferred.
Note: This is a remote, work from home position; however successful candidate will be required at least one trip to the Farm Bureau Home Office (located in Lansing, Michigan) annually.
Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.
PM19
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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About the Company:
Farm Bureau Life Insurance Company of Michigan