Associate Actuary – Model Development

Job Description
Ameritas is looking for our next Associate Actuary to join our Corporate Actuarial Model Development Team. This detail-oriented, results-driven individual will have extensive modeling experience and be able to be a subject matter expert on actuarial model development and applications. This position will be responsible for ensuring delivery of high-quality models that enable good business decisions and help manage the company’s risks.

 

This position can be remote (within the U.S.A.) or can be hybrid (Lincoln, NE or Cincinnati, OH) depending on proximity to an office location.

 

What you do:

• Responsible for leading Prophet model development and testing of various given product types, proactively adhering to Model Risk Management policies and procedures as well as coding standards and optimization objectives.
• Responsible for being a subject matter expert on life insurance and/or annuity modeling.
• Collaborate with stakeholders throughout the organization to understand requested model changes and prioritization, develop and execute test plans, and assist in model acceptance and approval.
• Lead and support others in project management of large-scale development initiatives. Enhance and streamline the model development life cycle.
• Document decisions made, processes put in place and other work performed.
• Compile and analyze data, using statistical formulas, policy audits, and other actuarial methods – including the review of others’ work.
• Build, test, validate and maintain actuarial models for all use cases.
• Develop and implement procedures to comply with new regulatory, control or governance requirements.
• Respond to requests for information from actuaries, accountants, auditors, management and other associates, as well as external stakeholders, providing actuarial analysis where appropriate.
• Provide guidance, training, direction, and work product review for other actuarial associates.

What you bring:

• Bachelor's degree or equivalent combination of experience in Actuarial Science, Mathematics, Statistics, or Related Field required.
• 4-7 years related actuarial experience required.
• Advanced knowledge of actuarial model architecture and development for asset and liability projection modeling using FIS Prophet actuarial system required.
• Advanced knowledge of insurance (life insurance and/or annuity) products and concepts, actuarial theory and techniques, and regulation of the insurance industry required.
• Ability to balance competing priorities to produce and facilitate others’ production of high-quality deliverables in a fast-paced environment required.
• Ability to accurately perform detailed calculations with a high-level of understanding required.
• Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed required.
• Ability to communicate technical concepts to a non-technical audience required.
• Ability to work effectively both independently and as part of a team required.
• Associate or Fellow of the Society of Actuaries designation desired.
• Member of the American Academy of Actuaries desired.

What we offer: A meaningful mission. Great benefits. A vibrant culture
Ameritas is an insurance, financial services and employee benefits provider Our purpose is fulfilling life. It means helping all kinds of people, at every age and stage, get more out of life.
At Ameritas, you’ll find energizing work challenges. Flexible hybrid work options. Time for family and community. But dig deeper. Benefits at Ameritas cover things you expect -- and things you don’t:

Ameritas Benefits
For your money:
• 401(k) Retirement Plan with company match and quarterly contribution.
• Tuition Reimbursement and Assistance.
• Incentive Program Bonuses.
• Competitive Pay.

For your time:
• Flexible Hybrid work.
• Thrive Days - Personal time off.
• Paid time off (PTO).

For your health and well-being:
• Health Benefits: Medical, Dental, Vision.
• Health Savings Account (HSA) with employer contribution.
• Well-being programs with financial rewards.
• Employee assistance program (EAP).

For your professional growth:
• Professional development programs.
• Leadership development programs.
• Employee resource groups.
• StrengthsFinder Program.

For your community:
• Matching donations program.
• Paid volunteer time– 8 hours per month.

For your family:
• Generous paid maternity leave and paternity leave.
• Fertility, surrogacy, and adoption assistance.
• Backup child, elder and pet care support.

 

An Equal Opportunity Employer Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law.

 

Application Deadline
This position will be open for a minimum of 3 business days or until filled.

 

This position is not open to individuals who are temporarily authorized to work in the U.S.