Actuarial Specialist, Inforce Mgt. (Life, Annuity)-9177
Insurer in the Midwest has a need for an Actuarial Specialist for Inforce Management. This role is responsible for creating specifications and building tools that ensure accuracy in inforce system enhancements and developing user friendly tools for use by Operations and the inforce actuarial team. The incumbent in this role will exercise considerable discretion and judgment working under minimal guidance.
Creates and maintains parallel Actuarial calculators as a source for administration system accuracy
Serves as main point of contact for Competitive Agile team towards the purpose of new business system validation.
Leads the integration with the Illustration and New Business Product Calculation Owners to determine efficiencies in the test tools.
Applies principles of finance and mathematics in providing analytical support to Product.
Reviews and interprets contract language relating to policy benefit calculations.
Provides calculation support of policy administration, values and benefits and supports policyholder requests.
Requests, tests, and approves applicable system changes assisting with IT projects.
Researches policy information in policy administration system to ensure consistency with illustration calculations.
Contributes to department-wide process improvement efforts,
Provides work direction to junior product/actuarial analysts and interns.
ASA or FSA
6+ years of progressively responsible actuarial/financial analysis or related experience; or equivalent combination of education and/or experience is required.
Fixed Indexed Annuity product experience / general knowledge of policy values and benefit calculations.