Job Posting for Actuarial Associate at The Cimino Group
Location
Greater New Haven, CT
Actuarial Associate
Summary
The Actuarial Associate assists with a variety of actuarial tasks including product development, in-force product management, assumption development, experience studies (i.e., mortality, lapse, etc.), policy illustrations, and various policy values calculations (i.e., cash values, reserves, dividends, and premiums). For those on Exam-Track, the position is subject to the provisions outlined in the “Actuarial Student Program Manual”. Expected to take a more proactive leadership role.
Core Responsibilities
Pricing new and in-force life insurance and annuity products (e.g., premiums, dividend scales, reserves, credited rates and non-forfeiture values for new and existing plans of insurance).
May assist with new pricing and/or analysis of in-force Long Term Care insurance products.
Performs experience studies and other actuarial/statistical analysis.
Provide support for new product implementations, including specifications and creation of validation tools.
Provides support to agents and policyholders, including performing policy calculations, answering questions, and communicating information.
Provides manual calculation support to the administrative system.
Preparing actuarial filing materials for new insurance, annuity products and certifications required by regulators.
Uses modeling software to assess risk and provide management information in support of product development and in-force product management.
IF ON EXAM TRACK: prepares and sits for actuarial exams. Passes exams to meet minimum Program requirements for exam progress.
Skills Qualifications
Knowledge of insurance industry. Experience with life insurance and/or annuity products.
Insurance or annuity pricing experience is a plus.
Experience with Participating Whole Life or Deferred Annuities products is a plus.
Foundational background in Actuarial principles.
Ability to quickly learn new concepts and apply that knowledge to solve problems.
Strong communication skills and business judgment.
At or near ASA designation preferred.
Actuarial modeling software skills. Experience with GGY AXIS preferred.
Computer programming skills. Experience with Excel macros/VBA programming and SQL preferred.
Experience with life insurance administration and illustration platforms is a plus
Microsoft Office, including Word, Excel, Access, and PowerPoint
Education
BA or BS degree in Actuarial Science, Statistics, Mathematics, Economics, Finance, or similar degree.
3 years of related actuarial and insurance industry experience or equivalent combination of training and experience.
4 actuarial exams passed if on the exam track, including life contingencies.
Salary.com Estimation for Actuarial Associate in New Haven, CT
$175,847 to $212,786
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data Sets
Sign up to receive alerts about other jobs with skills like those required for the Actuarial Associate.
Click the checkbox next to the jobs that you are interested in.