Actuarial Fellow jobs in Cedar Rapids, IA

Actuarial Fellow utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuarial Fellow assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuarial Fellow applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)

Recently Added Actuarial Fellow jobs

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Senior Actuarial Tech I
  • transamerica1
  • Rapids, IA FULL_TIME
  • Job Family Actuarial Who We Are Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture. What We Do Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology). Job Description Summary Prepares and analyzes statistical reports of data for use by the actuarial staff. Provides quantitative support in product development, financial analysis, management reporting, modeling, and various actuarial research. Creates calculation specifications for new products and features. Job Description Responsibilities Significant and complex data manipulation and complex calculations using macros and other programs. Significant analysis required on most projects. May mentor or supervise Actuarial Technician II. Has authority to sign-off on projects of smaller scope and may have authority on larger projects. Works independently with minimal supervision. May build projection models from scratch and reviews results. May review methods and results of slightly complex projection models. May verify and reconcile financial reporting data, prepare periodic reports for other departments with minimal supervision. May manage ‘non-periodic’ reporting requests and oversees programming solutions. May supervise reporting projects. Understands and manipulates basic actuarial concepts and formulas. May be required to train junior team members. May analyze and verify pricing models. Extracts and integrates data from various databases to analyze and develop reports and spreadsheets. Test both administrative systems and illustration systems Collaborate with various areas of the company to ensure broad product understanding and correct implementation. Support requirement gathering, test planning, and test execution - specifically related to product calculations. Utilize different systems to track requirements, defects, and test case management. (e.g., JIRA) Qualifications Bachelor’s degree in actuarial science, mathematics or relevant area or equivalent education/experience. Minimum of 5 years relevant work experience. Understands relevant industry regulations. Strong PC skills including Excel and VBA. Strong mathematical skills and statistical aptitude. Effective verbal and written communication skills. Effective organizational skills. Preferred Qualifications Knowledge of topics covered in SOA courses. (Actuarial exams are not required). Strong written/oral communication skills Highly analytical and strong problem-solving skills Ability to work independently and as part of a team in a fast-paced environment. Strong organizational skills to manage multiple priorities within deadlines. An understanding of agile and waterfall project methodologies Compensation **Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.** The Salary for this position generally ranges between $67,500 - $80,000 annually . This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Bonus Eligibility: This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion. Working Conditions Normal office environment. Open to remote candidates. What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. Compensation Benefits Competitive Pay Bonus for Eligible Employees Benefits Package Pension Plan 401k Match Employee Stock Purchase Plan Tuition Reimbursement Disability Insurance Medical Insurance Dental Insurance Vision Insurance Employee Discounts Career Training & Development Opportunities Health and Work/Life Balance Benefits Paid Time Off starting at 160 hours annually for employees in their first year of service. Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays). Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child. Adoption Assistance Employee Assistance Program College Coach Program Back-Up Care Program PTO for Volunteer Hours Employee Matching Gifts Program Employee Resource Groups Inclusion and Diversity Programs Employee Recognition Program Referral Bonus Programs Peer Recognition Program (BRAVO) Inclusion & Diversity Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list. In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees and provide a supportive environment for raising diversity awareness and promoting inclusive behavior. Giving Back Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work. https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation Transamerica’s Parent Company Aegon acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions, and asset management. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity. Websites Transamerica | Protecting Your Wealth and Health since 1906 Aegon Group Corporate Website | Aegon Management Team Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.     Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information, visit www.transamerica.com. * As of December 31, 2022 For more information about Transamerica’s privacy practices, click here.
  • 1 Month Ago
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Postdoctoral Psychology Fellow
  • FAMILY PSYCHOLOGICAL ASSOCIATES
  • Rapids, IA FULL_TIME
  • We are seeking a highly motivated and talented individual, who has completed their doctoral degree and internship in psychology, to join our team as a Post-Doctoral Fellow. The successful candidate wi...
  • 1 Month Ago
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GRANT WOOD FELLOW IN PAINTING AND DRAWING
  • The University of Iowa
  • Iowa, IA FULL_TIME
  • Requisition # 75089 Position Basics Type of Position OTHER Advertising Ends on: Extended Until Position is Filled Advertising Started on: Friday, December 22nd, 2023 College: College of Liberal Arts &...
  • 2 Days Ago
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GRANT WOOD FELLOW/VISITOR IN PRINTMAKING
  • The University of Iowa
  • Iowa, IA FULL_TIME
  • Requisition # 75092 Position Basics Type of Position OTHER Advertising Ends on: Extended Until Position is Filled Advertising Started on: Thursday, December 28th, 2023 College: College of Liberal Arts...
  • 25 Days Ago
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0 Actuarial Fellow jobs found in Cedar Rapids, IA area

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Telebelt Operator
  • Blake Hershberger Enterprises
  • Hiawatha, IA
  • Job Description Job Description We are hiring a Telebelt Operator to join our team. The Telebelt Operator's duties inclu...
  • 4/19/2024 12:00:00 AM
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Stocker
  • Walmart
  • Cedar Rapids, IA
  • A Walmart stocker, also known as a backroom associate or overnight stocker, plays a crucial role in ensuring that mercha...
  • 4/19/2024 12:00:00 AM
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Concrete Pump Operator
  • Blake Hershberger Enterprises
  • Hiawatha, IA
  • Job Description Job Description We are hiring a Concrete Pump Operator to join our team. The Concrete Pump Operator's du...
  • 4/19/2024 12:00:00 AM
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Travel Echo Technician - $3,042 per week
  • Hiring Now!
  • Cedar Rapids, IA
  • MedPro Healthcare Allied Staffing is seeking a travel Echo Technician for a travel job in Cedar Rapids, Iowa. Job Descri...
  • 4/19/2024 12:00:00 AM
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Assistant General Manager
  • McDonald's
  • Cedar Rapids, IA
  • Assistant General Manager Flexible scheduling with a side of always feeling valued. A job at McDonald's offers a job com...
  • 4/18/2024 12:00:00 AM
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Female Custodian
  • Cedar Rapids Metro YMCA
  • Cedar Rapids, IA
  • **Female Custodian** **Description** The HGN, downtown YMCA is looking for a female custodian to help maintain the clean...
  • 4/16/2024 12:00:00 AM
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Housekeeper (Part-time)
  • Grand Living
  • Cedar Rapids, IA
  • Grand Living at Indian Creek Shift: 9:00AM - 2:00PM About Grand Living Grand Living is changing the way generations embr...
  • 4/16/2024 12:00:00 AM
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English and Reading Tutor
  • Sylvan Learning Center
  • Hiawatha, IA
  • English and Reading Teachers Wanted for Fun After-School and Summer Tutoring! Sylvan Learning Center is looking for fun,...
  • 4/15/2024 12:00:00 AM
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About Cedar Rapids, Iowa

The city is divided into four quadrants, used in addressing. 1st Avenue (U.S. Route 151 Business) divides the north and south sides of the city, and the Cedar River divides east and west. Mays Island, in the middle of the river, is the only area of the city where addresses have no quadrant. Areas outside the city limits that have a Cedar Rapids mailing address do not use the quadrants either. Except in the downtown area, 1st Avenue and the Cedar River tend to run diagonally instead of along the cardinal directions. Due to the curving of 1st Avenue, there are some areas in western Cedar Rapids ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Fellow jobs
$174,402 to $225,962
Cedar Rapids, Iowa area prices
were up 0.8% from a year ago
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What does an Actuarial Fellow do?

Actuarial Fellow in Alexandria, LA
FSA (Fellow of Society of Actuaries) * Seven or more years of actuarial experience * Experience with Life and/or Annuity Insurance is helpful * Strong Microsoft Word, Excel, PowerPoint skills.
December 01, 2019
Actuarial Fellow in Long Beach, CA
Fellows can sit on Institute committees, stand for Council and vote in Council elections and at Annual General Meetings.
February 10, 2020
Actuarial Fellow in Honolulu, HI
After finishing exams and becoming a fellow, what responsibilities or perks come with the title.
January 16, 2020