Security Mutual Life Insurance Company of New York ยท 5 months ago
Senior Assistant Actuary - 1099
United States
Full-time
Remote
Senior Level
$75K/yr - $101K/yr
5+ years expSecurity Mutual Life Insurance Company of New York is a leading provider of life insurance and financial services. As a Senior Assistant Actuary, you will convert actuarial models into Axis, develop new actuarial models, and ensure compliance with modeling standards while providing support across various departments.
Financial ServicesInsuranceLife Insurance
Responsibilities
Provide documentation and product information for assigned products, including actuarial formulas, calculations, and demonstrations to the Systems department. Offer alternative solutions to system limitations. Make decisions regarding policy data accuracy and system issues. Serve as the liaison between the Systems department and actuarial management. Provide final actuarial approval as needed
Coordinate with software vendors and various departments within the organization to provide written product specifications, actuarial formulas, rate files, and oversee actuarial testing as required
Research, analyze and resolve actuarial issues concerning models and tools
Provide modeling support across the actuarial department and assist in the modernization of actuarial tools and infrastructure
Assist in model governance and assumption setting as needed
Research and answer questions regarding actuarial issues across the organization and provide numerical examples of policy values and dividend calculations
Other duties and responsibilities as needed or assigned by management
Qualification
Required
Minimum of 5 years of related experience
A minimum of 6 requirements towards the Associate of the Society of Actuaries (ASA), which may include a combination of passed exams, completed modules or seminars, or completion of validation of educational experiences (VEE). Completing all VEE requirements is necessary to count as one of the five requirements towards ASA
Life insurance industry experience is required
Experience with insurance laws and actuarial regulations including Standard Nonforfeiture Law required
Strong knowledge of actuarial modeling systems is required
Advanced Microsoft Excel experience is required
Intermediate Microsoft Word experience is required
Basic Microsoft Access experience is required
Excellent written and verbal communication skills
Ability to perform work accurately and thoroughly
Bachelor's degree in mathematics required
Preferred
Proficiency with actuarial software is preferred
Strong knowledge of Axis (including DataLink) is preferred
Strong SQL Server (or equivalent relational database) experience is preferred
Company
Security Mutual Life Insurance Company of New York
Since 1886, Security Mutual Life Insurance Company of New York has been helping protect families and businesses during periods of prosperity, as well as during wars and times of economic uncertainty.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Mary Ward
Senior Vice President, Chief Financial Officer
Company data provided by crunchbase