Jackson

Actuarial Modernization Lead

Jackson • $100K — $130K *
Lansing, MI 48911In-Person
Finance & Insurance
8 - 10 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field required.
  • 8+ years of experience performing data analytics and developing actuarial models required.
  • 6+ years of experience with actuarial applications like SAS, Python, MG-ALFA required.
  • Variable Annuity experience preferred.

Responsibilities

  • Lead efforts to integrate AI tools into actuarial processes.
  • Advise senior management on technological vision and strategy.
  • Facilitate cross-functional meetings and communicate with various stakeholders.
  • Set priorities, deadlines, and provide status updates to management.
  • Compose reports and presentations for executive-level review.
  • Review proposed changes in methodology and new products at a senior manager level.
  • Direct production processes for actuarial outputs like reserves and projections.

Benefits

  • Access to cutting-edge tools and technology in a collaborative environment.
  • Opportunity to work on cross-departmental and external initiatives.
  • Professional development through industry forums and advanced training.
  • Support for continuous improvement and innovative practices.
  • Participation in a leadership role within the actuarial community.
Full Job Description
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Job Purpose

Spearhead improvements to complex actuarial models and data management to strengthen analytical capabilities and business outcomes, with the goal of improving efficiency, auditability, and expandability. Combine an understanding of actuarial concepts with technical expertise to provide aid to actuarial teams in their model development and data management activities. Through collaboration with actuarial and technical teams, lead initiatives associated with the modernization of actuarial models, databases, and methodologies.

Essential Responsibilities

  • Leads departmental efforts to embed cutting edge tools, such as artificial intelligence, into current processes.
  • Advises senior management in establishing and executing the technological vision and strategy for the Actuarial department.
  • Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
  • Works independently, setting priorities and deadlines, and sharing status with senior management.
  • Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
  • Composes reports and presentations for senior management.
  • Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
  • Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
  • Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improve controls.
  • Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
  • Serves as an expert resource for the company in several areas of regulatory, professional, or technical knowledge.
  • Finds issues, proposes solutions, identifies and secures resources, and resolves.
  • Directs the identification of risks and development of mitigating controls.
  • Pursues emerging technical knowledge and represents Jackson at industry forums.


Other Duties

  • Performs other duties and/or projects as assigned.


Knowledge, Skills and Abilities

  • Expert knowledge of mathematics/technical concepts and ability to lead others in applying those concepts to work product.
  • Understanding of actuarial concepts, such as the nature of market and non-market risks and the valuation of future obligations.
  • Expert in one or more insurance product lines (life, annuities). Advanced knowledge in one or more other lines.
  • Expert in data analysis and modeling.
  • Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
  • Understanding of industry advancements, best practices and technology initiatives, with a focus on artificial intelligence.
  • Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
  • Ability to envision process and model improvements and develop approaches to implement the improvements.
  • Ability to organize and lead large-scale projects.
  • Ability to communicate highly analytical and complex ideas to broad spectrum of audiences, including external parties, both in writing and orally.
  • Ability to write effective formal reports for senior management and external parties.
  • Ability to lead cross-function and cross-departmental team meetings.
  • Strong analytical and problem-solving skills with the ability to apply judgement and effectively resolve complex problems and issues.
  • Flexible thinking and creativity with the ability to adapt standard actuarial models to unusual situations, to develop new actuarial models, and to combine internal and external data sources.


Qualifications
  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
  • 8+ years of experience performing data analytics and developing actuarial models required.
  • 6+ years of experience with actuarial applications used by Jackson, such as SAS, Python, MG-ALFA, etc. required.
  • Variable Annuity experience preferred.


About Jackson

Jackson Careers

Join the vibrant team at Jackson, a leader in industry innovation and growth. At Jackson, we offer more than just job opportunities; we provide a platform for professional development and leadership in a diverse and inclusive environment.

Work You’ll Do

At Jackson, you’ll be part of a dynamic team committed to excellence and innovation. Our company is at the forefront of industry leadership, providing a wealth of opportunities for career advancement and professional growth. Whether you’re looking for a full-time position or an internship, Jackson is the place where your skills will be honed, and your professional aspirations realized.

Explore Jackson’s Employment Opportunities

We are constantly expanding our team with talented individuals who are eager to drive innovation and lead in their respective fields. Our hiring process is designed to identify and nurture such talent, ensuring that every team member is equipped to contribute effectively. From your initial interview to your ongoing career development, Jackson supports you at every step.

Internship Programs

Kickstart your career with a Jackson internship. Gain invaluable industry experience, develop your skills, and build a professional network that will serve you throughout your career. Our internships offer a unique insight into our company culture and operations, setting the stage for future employment opportunities.

Benefits and Culture

At Jackson, we believe that our team is our greatest asset. We are committed to providing comprehensive benefits that promote health, well-being, and work-life balance. Our culture is built on a foundation of respect, diversity, and inclusion, ensuring that all team members feel valued and inspired.

Professional Growth and Development

We are dedicated to the continuous professional development of our employees. Jackson offers diverse training programs, including leadership development and diversity training, to help you grow at every stage of your career. Our commitment to your growth is matched by our commitment to innovation and excellence in everything we do.

Join Our Team

Search open positions that match your skills and interests on the Jackson Jobs portal. We look for passionate, curious, creative, and solution-driven team players. Ready to take the next step in your career? Explore the exciting and rewarding opportunities at Jackson today.

Stay Connected

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Networking and Career Advancement

At Jackson, networking is at the heart of professional and personal advancement. Engage with leaders and peers within the company through various platforms and events. These interactions provide valuable insights and opportunities that can propel your career forward. Join Jackson, where your career is our priority, and your potential is our investment. Let’s innovate and lead together in this dynamic industry.
Learn more about Jackson
Market Cap
$2.8 billion
Industry
Finance & Insurance
5 Year Trend
+12.1%
* Ladders Estimates

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