What are the responsibilities and job description for the Actuarial Analyst position at SBLI?
The Actuarial Analyst helps to develop, manage and price Life and Annuity products for our customers. The Analyst will support a variety of actuarial tasks that have implications across the organization, including taking products from inception to market and maintaining relevance of our core products. The position will collaborate with IT, Sales, Customer Service and other departments with illustration and product-related questions and projects.
Responsibilities include
- :Work under the direction of senior actuaries to support pricing and developing annuity and life products. Work with groups across the company in product rollout and maintenance
- .Update and maintain actuarial financial models for profit testing
- .Assist in the production of product reports
- .Assist in the monitoring of product profitability on an ongoing basis – actual-to-expected actuarial dashboard
- .Work on implementation of product changes/revisions to ensure timely response to regulatory and market requirements
- .Assist in the periodic analysis and update of pricing assumptions
- .Assist in monitoring and analyzing competitor product offerings and market initiatives
- .Assist in setting up new products on illustration system, and maintaining and testing illustration system
- .Assist in the annual setting of policy dividends
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Knowledge, Skills, and Experience Requirement
- s:A Bachelor’s Degree in Data Science preferred, Actuarial Science, Statistics, Mathematics considere
- d.Two Actuarial exams passed and either one Actuarial internship or one year of full-time actuarial experience. Exams will need to be passed as part of jo
- b.Experience working with/familiarity with Microsoft Office applications, particularly Excel, Access and PowerPoint. A working knowledge of AXIS actuarial software would be preferre
- d.Desire to attain membership in the Society of Actuarie
- s.Proven ability to learn quickly, and to apply known concepts to new situation
- s.Strong written and oral communication skills. Ability to present actuarial analysis to non-actuarial audience
- s.Strong time management and organizational skills, ability to manage multiple tasks and work within time constraint
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Hybrid work environment, three days in office include mandatory Wednesdays and two days remote.