What are the responsibilities and job description for the Actuarial Business Analyst position at Fort Technologies Inc.?
Job Overview:
We are seeking a skilled Actuary to support actuarial modeling, valuation, and risk analysis across life insurance products. The ideal candidate will have strong expertise in actuarial modeling, product analysis, and financial risk assessment within the life insurance domain.
The role involves supporting strategic business initiatives, improving actuarial processes, and delivering actionable insights to stakeholders across the organization.
Key Responsibilities:
Actuarial Analysis & Modeling
• Perform actuarial analyses for life insurance products including:
Term Life
Universal Life
Pension Risk Transfer (PRT)
• Develop, maintain, and validate actuarial models for pricing, valuation, and forecasting
• Analyze experience data and trends to support business insights and decision-making
Product & Risk Management
• Support product design, pricing, and profitability analysis
• Assess and quantify risks associated with insurance portfolios
• Provide recommendations for risk mitigation and business optimization
Model Governance & Validation
• Perform quality assurance and validation of actuarial models and tools
• Ensure models adhere to internal standards and actuarial best practices
• Maintain documentation for models and methodologies
Business & Stakeholder Collaboration
• Collaborate with Finance, Investments, IT, Product, and Underwriting teams
• Translate complex actuarial concepts into business insights
• Support enterprise transformation and strategic initiatives
Regulatory & Audit Support
• Assist with internal and external audit processes
• Ensure compliance with actuarial standards and regulatory requirements
• Provide documentation and support for actuarial assumptions and results
Required Qualifications:
Experience
• 5–10 years of actuarial experience in life insurance
• Strong experience in:
Actuarial modeling
Risk assessment
Product analysis
Professional Credentials
• ASA (Associate of the Society of Actuaries) – Required
• FSA (Fellow of the Society of Actuaries) – Preferred
Technical Skills
• Experience with actuarial tools:
GGY Axis (Preferred)
MG-ALFA
• Strong programming and analytics skills:
SQL
Python
VBA
• Experience working with large datasets and automation tools
Domain Knowledge
• Strong understanding of life insurance products and actuarial principles
• Knowledge of actuarial modeling methodologies, assumptions, and financial projections
Key Competencies
• Strong analytical and problem-solving skills
• Excellent communication and stakeholder management abilities
• Attention to detail and accuracy
• Ability to collaborate in cross-functional teams
• Strategic thinking and business acumen
Salary : $70 - $80