What are the responsibilities and job description for the Actuarial Assistant position at Assurant?
Assurant has an exciting opportunity for an Actuarial Assistant!
Overview of Position
The Actuarial Associate supports various actuarial functions that include pricing, reserving, financial reporting, capital management & forecasting. They provide detailed analysis to standard, defined tasks. This role implements techniques which support Assurant operations in achieving its goals related to revenue and profitability targets. The Actuarial Associate demonstrates the ability to understand direction provided in project deliverables, time management, and development. This role is expected to also participate in the department’s exam and rotational programs, which provides the opportunity to gain experience in numerous areas of the Actuarial organization while also understanding all products included in Assurant’s product suite. The Actuarial Associate generally reports to the Supervisor or Manager of Actuarial.
What makes us different?
Assurant is committed to providing a competitive rewards package which goes beyond the value of your paycheck. We offer an array of market-competitive benefits and resources to support your physical, emotional, financial, and social wellbeing goals. These include programs to help you invest in your financial future such as savings programs, as well as competitive health and wellbeing benefits to support you and your family. For additional information on our benefits, please review www.MyAssurantBenefits.com. Below are some of our amazing perks:
Health Coverage Starting Day One: We offer competitive health and wellbeing benefits to support you and your family. You can choose from a range of health and dental plan options, as well as health plan accounts.
Disability and Life Insurance: We provide short- and long-term disability insurance, life and accidental death and dismemberment insurance.
Retirement: Assurant offers retirement savings plans globally. U.S. based employees are offered a 401(k) plan in which Assurant matches 100% of every dollar contributed, up to 6% of eligible pay.
Employee Stock Purchase Plan: Assurant’s Employee Stock Purchase Plan (ESPP) allows employees to purchase shares of Assurant, Inc. stock at a 10% discount with funds contributed through after-tax payroll deductions.
Career Development: Assurant offers a variety of internal courses, workshops, special projects, coaching and mentoring programs. Tuition reimbursement and other professional enrichment opportunities are also available to encourage continuous learning.
Work-Life Balance: We strive to provide a work environment that encourages work/life balance. Options depend on job responsibilities and may include flexible work schedules, telework, paid time off and part-time employment.
Family Planning Support: Fertility benefits and support services with 24/7 access to nurse care services. $30,000 medical and prescription drug lifetime maximum benefit for fertility services. Assurant will provide up to $20,000 of financial assistance for adoption and or surrogacy.
What will be my responsibilities in this role?
Ability to review requirements and provide essential details for internal and external inquires and ad hoc requests as directed by manager.
Demonstrates thorough understanding of data and systems, including inefficiencies, through analysis of trends. Reconciles data to source systems, including adjustments for manual processes.
Gathers information from internal departments and complete reports and analysis as directed; solicits feedback on improvements to reporting and communications.
Assists with collecting data and responding to inquiries from state insurance departments, auditors, and internal (finance, accounting, regulatory, IT, etc.) areas regarding business processes and gaps.
Identifies system and data inefficiencies; implement resolutions as directed.
Effectively support requests timely, ensuring with manager that requests are aligned with responsibilities.
Implements solutions to translate financial projections into business metrics.
Actively manages self-development. Participates in cross-training and knowledge. information sharing within team to accomplish goals.
Takes actuarial exams in pursuit of professional designation
What are the requirements needed for this position?
Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 3-6 exams completed.
Minimum of 2-5 years of overall experience.
Must be pursuing actuarial designation.
Minimum of 2-3 years of progressive responsibilities and related experience in an actuarial role.
Has intermediate level of understanding actuarial concepts, insurance product and industry knowledge.
Intermediate proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, SharePoint. Advanced to Expert proficiency to various data repository platforms (SAS/SQL/etc.).
What other skills/experience would be helpful to have?
Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 3-6 exams completed
Minimum of 2-5 years of progressive responsibilities
Must be pursuing actuarial designation
Minimum of 2-3 years of progressive responsibilities and related experience in an actuarial role.
Has intermediate level of understanding actuarial concepts, insurance products and industry knowledge
Intermediate proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, SharePoint. Advanced to Expert proficiency to various data repository platforms (SAS/SQL/etc.)
Exhibits advanced skills in completing standard to moderate, defined tasks & projects, as well as high levels of attention to detail and problem-solving acumen
Addresses conflict on a timely basis, avoiding issues to prolong and affect working relationships or goals. Discusses resolution alternatives with manager prior to engagement.
Can actively listen and effectively explain specific variances to a technical and non-technical audience.
What are the working conditions and physical requirements of this position?
General office demands
