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Life Actuarial Analyst

  • Job type: Permanent
  • Location: Chicago, Illinois
  • Salary: US$110000 - US$135000 per annum
  • Job reference: 218163/001_1533594322
  • Sector: Actuarial, Selby Jennings
  • Date posted: 06/08/2018

Description:

An established national Life Insurance company is seeking a highly motivated and talented Life Actuarial Analyst to join their actuarial modeling team in Chicago. The Actuarial Analyst will primarily have to coordinate, prepare and perform analyses with the purpose of developing new life products, projecting future results, repricing existing life products and determining financial strength.

Responsibilities:

  • Perform work assignments utilizing GGY Axis modeling software for pricing valuation, and risk management.
  • Enter data, create tables, run models and generate reports focusing on life insurance products.
  • Resolve issues effectively and identify key issues for escalation.
  • Be available as a key resource for projects involving cross functional actuarial areas.
  • Create reports with strong emphasis and attention to detail.
  • Sustain a proper price level, price structure, data availability and other requirements to adequately achieve profitability and competitive goals.
  • Identify unfavorable trends in critical areas.
  • Utilize product and assumption to identify sources of gain and loss.
  • Test the impact of assumptions and appropriate premiums, interest margins, reserves, and cash values for profitability and growth of both new and existing products.

Qualifications:

  • Bachelors Degree or 4 additional years of related experience beyond the minimum require
  • 4+ years relevant life insurance and actuarial experience
  • 3+ Society of Actuaries exams completed
  • Preferred:
    • Experience with Moody's (GGY) AXIS

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