Actuarial Associate 2

What You Can Expect In This Role

This position may be filled at the Associate 2 or 3 level, based on skills, experience, and alignment to the role's scope as evaluated through our structured selection process.

Accurately and efficiently perform the technical actuarial tasks related to this role. This may include assisting with modeling, data analytics, product development and/or financial reporting for Sammons Financial Group Company's (Sammons Financial Group) products. Provide technical guidance as directed.

What You'll Do In This Role
• Develop strong knowledge of Sammons Financial Group products related to area of focus. Understand customer value propositions.
• Understand the basic types of insurance contracts and actuarial related regulations, basic product features and policy transactions. Apply understanding of product designs and cash flows in actuarial processes and functions. Assist in preparing materials required to comply with applicable regulations.
• Develop good knowledge of assumptions required for actuarial calculations and modeling and assist in applying them. Interpret historic data to make and justify simple recommendations for individual assumptions. Use actuarial models to understand the impact of a change in assumptions. Document assumptions made to support the work and the sources of the assumptions.
• Develop good knowledge of actuarial modeling and/or valuation software, i.e. (what the key elements are, what they can be used for and their potential shortcomings). Create and alter simple financial models, including making and validating small changes to complex models. Build tools to ensure accuracy and efficiency of models. Document model inputs and results.
• Develop basic knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities. Assist in analyzing basic financial reporting as needed, including balance sheets and income statements produced by actuarial models. Understand and report on pre-defined profit measures.
• Modify and use existing spreadsheet, database and other data analytic software to perform data analysis and summarize, manipulate, transform and aggregate data. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features. Perform checks to confirm the robustness of the data and analysis.
• Understand basic concepts of relevant actuarial risks and the implications of failing to manage risk. Assist in the quantification of risk exposure and use model projections to produce management information to measure and to monitor on-going exposure. Assist in developing risk mitigation techniques.
• Assist with special projects as required. Work individually and/or in teams to complete projects on time and with high quality. Effectively plan and prioritize your own work in accordance with broader team or department objectives and priorities.
• Develop relationships with other departments and business units. As needed, perform actuarial calculations to support administration or test IT functionality.
• Participate in the Society of Actuaries' (SOA) examination program with a satisfactory pass record per Sammons Financial Group's actuarial study program guidelines.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.
What We're Looking For

• Bachelor's Degree preferably in the area of mathematics, or a business related field Required
• 3-5 years' Experience in the field of Actuarial Science Preferred
• Demonstrate a high level of mathematical ability and attention to detail and strong analytical skills
• Demonstrate strong computer skills including experience using applicable technical tools
• Demonstrate strong written and verbal communication skills
• Possess basic knowledge of insurance industry
• Ability to analyze problems or questions and provide insights to requestor
• Ability to work both individually and as part of a team
• Highly organized with the demonstrated ability to balance multiple projects
• Ability to work effectively in an office environment
• Must have passed a minimum of three (3) SOA exams And
• Continued pursuit of an actuarial designation in the Society of Actuaries' examination program Required

Other Requirements
• Criminal background check required.
• If the position is in the SIG business unit, Annuity New Business Securities team, or if we are holding securities licenses, FINRA regulations require fingerprinting for this position; if we are holding securities licenses, a credit check will also be required. Management reserves the right to determine and approve incumbent suitability for this position.

Salary Range Information

USD $85,577.00 - USD $142,628.00 /Yr.

We are open to hiring this role at the Associate 2 or 3 level based on your skills, experience, and demonstrated competencies. Leveling considers your qualifications, the scope and complexity you've owned, and alignment to the role's scope.

The base salary range for an Associate 2 is $85,577 - $142,628 and for an Associate 3 it is $105,901 - $176,501. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary will be based on job level, candidate qualifications and experience, internal equity and geographical location. For a narrower salary range specific to your labor market, please inquire.

We know great candidates may not meet every listed requirement-if you're excited about the role, we encourage you to apply.

What you can expect when you join Sammons Financial Group
• Comprehensive health coverage for you and your family, including Medical, Dental, Vision, HSA & FSA options, and term life insurance.
• Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success.
• Invest in your future with our 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k).
• Work-life balance that means something. Friday afternoons off year-round, generous paid time off, and paid holidays.
• Commit to your growth with paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs.
• Make an impact beyond the workplace through volunteer time off, and our company nonprofit matching gift program, supporting the causes that matter most to you.
• An ownership culture that inspires; join a connected, values-driven workplace where employees take accountability, support one another, and are empowered to do their best work-together shaping our future shared success.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)