Sr. Actuarial Associate

Location: Rosemont
Salary: tbd
Level: tbd
Published: April 30, 2021

The Role

This position is part of the Actuarial Development Program (Program). The Program offers students an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management.  The Program is designed with the objective to develop Fellows in the Society of Actuaries.

As an employee in the Actuarial Development Program, your day to day activities will be dependent on the function you are supporting and are expected to change throughout your employment. 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
• Assist with competitive analysis and manager performance benchmarking

Ancillary Responsibilities:
• Assess reasonableness of reserves as new blocks of business are acquired
• Assess product features and determine product management strategies as new blocks of business are acquired
• Build efficiencies through programming solutions in all aspects of model input and output data manipulation
• Assist in the development and production of the Own Risk and Solvency Assessment
• Assess the impacts of an alternate investment or reinvestment strategy
• Assist in the development of optimization macros to improve hedging and ALM efficiency


Your Experience

  • BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
  • ASA designation or near ASA designation
  • 2-5 years of full-time insurance actuarial experience. Modeling, analyzing, reporting experiences preferred.
  • Demonstrated ability with Actuarial software (e.g., MG-ALFA, MG-Triton, ARCVal)
  • AXIS conversion experience helpful.
  • Experience managing project(s) and/or significantly contributing to the completion of team-oriented tasks.

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 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
  • Proven track record of actuarial exam success

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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