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Job Details

Associate Actuary

Salary
$90,000.00 to $110,000.00 /yea

Location
Cedar Rapids, IA

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Job Summary
Client is seeking an Associate Actuary for the actuarial team supporting the Company’s insurance platform business. The successful candidate will demonstrate strong technical and communication skills with an attention to detail and be able to collaborate successfully with other members of the actuarial staff, as well as with the Finance, Underwriting, Sales, Product Development, Reporting and IT areas to achieve optimum results. The primary responsibilities of this position include:
Analyze and document existing life, annuities, and health products into requirements for the IT platform development team.
Work with information technology professionals to develop systems to ensure compliance with requirements of regulatory bodies.
Oversees product implementation process, ensuring solution integrates properly, costs are justified and appropriate.
Understand pricing methodology for products
Communicate updates to and solicit improvements from key business partners
Responsibilities and Duties
Qualifications
Bachelor’s degree is required
Minimum of 2 years of actuarial experience required with FSA/ASA; Minimum of 4 years of actuarial experience required without FSA or ASA
Actuarial experience with whole life, universal life, term, annuities, disability income, long-term care and/or group insurance experience preferred
Preferred Experience with Product Development and Tax laws
Proven ability to influence business partners
Strong team player, willing to perform in roles that assist as well as lead
Superior technical skills and ability to understand complex quantitative concepts and models
Strong communication skills to be able to explain complex concepts to non-actuarial business partners
Required Experience, Skills and Qualifications
Associate Actuary-BPS : Insurance - Life & Annuity
Job Type: Full-time
Salary: $90,000.00 to $110,000.00 /year

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