Actuary

Security Benefit

$95K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science or Mathematics
  • Associate or Fellow of Society of Actuaries credential
  • Minimum five years of actuarial experience
  • Preferred experience in Annuity Statutory Modeling (FIA, VA, FA)
  • Experience with actuarial modeling software, especially Prophet, preferred
  • Strong programming skills with VBA, SQL, or Python preferred
  • Good written and verbal communication skills

Responsibilities

  • Perform mathematical and financial calculations
  • Conduct Asset Adequacy Testing and VM-21 modeling
  • Prepare actuarial memoranda, exhibits, and reports
  • Analyze model results from actuarial software systems
  • Test model enhancements including regression and unit testing
  • Perform additional tasks as assigned

Benefits

  • 33 days of paid time off including PTO, holidays, and significant days
  • Paid parental leave after 90 days of service
  • Comprehensive medical, dental & vision insurance
  • 401(k) with company match and Profit Sharing
  • Short- and Long-Term Disability Insurance
  • Flexible Spending Accounts for medical and dependent care
  • Life Insurance for personal protection
  • Educational assistance for career development
  • Associate assistance programs for personal and professional well-being
Full Job Description
Actuary youwill mainly be responsible for VM22 modeling development and analysis for different annuity product lines for the Valuation Actuarial Department within the Security Benefit Life Insurance Company. The Actuary manages the financial success of annuity and retirement products by performing statutory modeling, attribution analysis, and analyzing in-force business. Candidates must possess strong leadership, financial and analytical skills and be able to successfully work with various Departments, senior leadership, and outside consultants to manage a variety of actuarial initiatives.

The Actuary position reports to the Assistant Vice President of Valuation and can be based out of our home office in Topeka, Kansas, or remotely for the right candidate. We work a hybrid schedule, offering flexibility to work both remotely and on-site. Below are the key responsibilities:

  • VM22 modeling development and analysis to prepare for the Company's VM22 adoption
  • Support Stat modeling/preparation of actuarial memorandum, exhibits and reports
  • Interpret and analyze model results from actuarial software systems
  • Test model enhancements, including regression and unit testing
  • Manage other projects as assigned


What We're Looking For:
  • Annuity (FIA, VA, FA) Statutory Modeling experience preferred
  • Experience with actuarial modeling software required; using Prophet a plus
  • Strong computer skills including Excel and actuarial software
  • Strong programming / scripting skills including VBA, SQL, or Python preferred
  • Good written and verbal communication skills
  • Strong problem solving, analytical and decision-making skills
  • Strong initiative and ability to work both independently and in collaboration with others within and outside the Company

Why Choose Security Benefit?
When you join our team, you're not just getting a paycheck - you're getting a career path full of growth opportunities, plus a robust benefits package that puts your well-being first. Here's what you can expect as a full-time Security Benefit associate:
  • Competitive salary and annual incentive bonuses to reward your contributions.
  • 33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
  • Paid parental leave after 90 days of service.
  • Comprehensive medical, dental & vision insurance.
  • 401(k) with company match, plus Profit Sharing & Savings Plan.
  • Short- and Long-Term Disability Insurance to give you peace of mind.
  • Flexible Spending Accounts for medical and dependent care.
  • Life Insurance to protect your loved ones.
  • Educational assistance to support your career development.
  • Associate assistance programs for your personal and professional well-being.


Ready to Make an Impact?
Apply today by visiting our career page to submit your resume. We're excited to meet you!

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