Actuarial Co-op

Location: Rosemont, IL
Salary: tbd
Level: Student
Published: September 17, 2018

The Role

This Co-op position offers an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management.

Your day to day activities will be dependent on the function you are supporting and are expected to change throughout your co-op.  Examples include:

Valuation tasks

  • Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
  • Develop management reporting for existing business
  • Assist in preparation of Statutory Annual and Quarterly Statements
  • Update GAAP Excel models and organize results for management.
  • Assist in gathering information and analysis for external auditor inspections


Product Management tasks

  • Produce, present, and improve monthly business monitoring reporting
  • Provide insight and analysis to inforce experience trends
  • Produce and improve monthly crediting rate package and process
  • Coordinate with ALM and System on data and result analysis
  • Assist in the development and analyze annual Illustration Actuary testing models
  • Assist on special policy illustration requests
  • Assist on Product related projects and requests


Modeling and Forecasting tasks

  • Build and review model inputs to support financial projection capability
  • Execute and monitor model projections including troubleshooting model calculations
  • Analyze model output ensuring accuracy with intended model purpose


Risk and Investments tasks

  • Update quarterly stress testing results and compare versus risk appetite and limit.
  • Monitoring investment portfolio to ensure compliance with guidelines and limits
  • Monitor asset and liability duration, report mismatches outside of tolerance
  • Prepare weekly hedging file, monitor hedge position and results.

Your Experience

  • Progress toward a BA/BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
  • Success in passing at least one SOA/CAS exam preferred

Your Skills

  • Strong analytical and problem solving skills
  • Strong business and collaboration skills
  • Proficiency in MS Office (Excel, Access, Word, PPT)
  • Excellent verbal and written communication skills
  • Flexible can-do attitude, willing to help out with all types of tasks in an ever changing environment
  • Passion to learn new things and design new solutions
  • Work both independently and as part of a team

About Lincoln Benefit Life

Lincoln Benefit Life is a specialist U.S. life insurance company. Our mission is to build a substantial, diversified and lasting life insurance company. Our focus is providing excellent policyholder service and delivering sustainable financial results within a well-controlled risk framework.

Lincoln Benefit Life, based in Lincoln, Nebraska, is a long-standing leader in the financial services industry. Founded in 1938, LBL built its reputation on solid life insurance and annuity product offerings, backed by high standards of customer service.


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