Actuarial Assistant/Analyst, Product Actuarial
7 days ago
We are seeking a highly motivated and detail-oriented Actuarial Assistant/Analyst to join our Product Actuarial team at Foresters Financial. As a key member of our team, you will play a critical role in supporting the development and pricing of life insurance products in the U.S. and Canada.
Key Responsibilities- Collaborate with pricing actuaries to produce high-quality deliverables for product initiatives, ensuring timely and accurate results.
- Develop a deep understanding of pricing models, including the impact of changing assumptions or inputs on model output, and identify potential errors or areas for improvement.
- Become proficient in Moody's AXIS software to support the development of pricing models and cash flow projections.
- Apply pricing guidelines, standards, and policies to ensure compliance and accuracy in pricing assumptions and model output.
- Contribute to the development of product reports and presentations, leveraging your knowledge and expertise to effectively communicate pricing analysis to stakeholders.
- Identify opportunities to improve existing processes, risks, or infrastructure, and provide recommendations for automation, auditability, and compliance.
- Develop a strong understanding of how the Product Actuarial team interacts with other Foresters departments, including Corporate Actuarial, Risk Management, Finance, Planning, Sales, IT, and Product Management.
- Bachelor's degree in mathematics, science, business, economics, or a related field.
- One year of actuarial experience in a life or health insurance company (an asset).
- Demonstrated progress through the SOA and CIA education and examination process.
- Excellent communication and technical skills, with the ability to effectively communicate with both technical and non-technical audiences.
- Ability to perform bottom-up checking of processes or models to ensure accuracy of results.
- Strong problem-solving skills, with the ability to recognize and troubleshoot errors or areas for improvement.
- Ability to develop project and time management skills as responsibilities increase.
- Strong knowledge of life insurance products in the U.S. and Canada, with a willingness to develop and maintain current knowledge.
At Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We strive to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email us in advance of your appointment.
We are an equal opportunity employer and welcome applications from diverse candidates. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.
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