What are the responsibilities and job description for the Actuarial Associate position at External Opportunities?
Mutual of America Financial Group
Job Title: Actuarial Associate
Location: New York, NY (hybrid)
Who We Are:
At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is built upon a solid foundation of integrity, excellence, and social responsibility. We were founded in 1945 to provide small and mid-sized nonprofit organizations with pension and retirement-related services, along with leading customer support. Today, we provide these services also to for-profit companies, as well as to governmental entities, Tribal enterprises, institutional investors, and individuals. We work diligently to understand the needs of our customers so we can help them achieve their retirement goals.
We are committed to bringing talented and motivated people together to help our customers achieve a financially secure future.
Role Summary:
The Actuarial Associate will play a key role in the financial reporting, valuation and financial analysis of Mutual of America’s annuity line of business. As a member of the Actuarial Student Program, the Associate will support core actuarial functions while advancing toward professional credentialing.
This position will contribute to financial projections, reserve analysis, and the financial reporting of current and future new annuity products. The Associate will collaborate with teams across the company to deliver accurate, timely, and insightful actuarial results that support strategic decision‑making and product development.
Responsibilities:
- Determine annuity liabilities for periodic financial reporting in accordance with statutory and tax requirements.
- Analyze reserve components to identify key drivers of results
- Conduct experience studies to validate results and support assumption setting
- Develop and analyze financial projections and forecasts to support planning and reporting
- Prepare, review and reconcile NAIC Annual and Quarterly Statement Exhibits and Schedules
- Provide actuarial liability data for industry surveys and rating agency requests
- Support auditors and examiners by supplying required actuarial information and explanations
- Respond to requests for non-standard benefit estimates
- Contribute to additional projects and initiatives as assigned
Required Qualifications:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field
- Solid understanding of actuarial concepts such as reserves, valuation, experience studies and financial reporting
- Strong analytical and problem-solving skills, with the ability to interpret complex financial and actuarial data
- Strong attention to detail and commitment to producing accurate, high-quality work
- Effective communication skills, including the ability to explain technical concepts to non-technical stakeholders
- Minimum of three Society of Actuaries exams; must have the Financial Mathematics and Actuarial Mathematics (Life Contingencies) exams
- Proficiency in Microsoft Office, especially strong Excel skills; experience with VBA is a plus
Preferred Qualifications:
- Progress towards ASA or FSA designation
- Experience with actuarial modeling software such as Prophet, AXIS, or similar
- Working knowledge of SQL, R, Python, or other programming languages used for data analysis
What we offer you:
- Competitive base salary
- Annual Bonus
- Comprehensive Benefits Package (medical, dental, and vision) that starts day one of employment
- 401(k) Match: Receive up to 6% of your pay (salary and incentive compensation) with 100% employer match on employee contributions.
- Parental Leave: 8 weeks fully paid
- Paid time off: 20 days plus two floating personal holidays
The salary range below describes the minimum to maximum base salary range for this role. The role is also eligible for an annual bonus; whereby total compensation may exceed this range depending on individual and / or company performance.
Base Salary Range: $99,700 - $149,600
Visit www.mutualofamerica.com/careers for additional details about life at Mutual of America. You can also follow us on Twitter: @mutualofamerica | Facebook: @mutualofamerica
Mutual of America Financial Group provides equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, or any other classification prohibited by applicable law.
Salary : $99,700 - $149,600