Fort Washington Investment Advisors, Inc. · 2 months ago
Associate Actuary
US-OH-CINCINNATI
Full-time
Onsite
Mid LevelFort Washington Investment Advisors, Inc. is seeking an Associate Actuary to develop actuarial and mathematical modeling tools to assess risk and profitability of products. The role involves working with minimal supervision to analyze data, support various departments, and ensure compliance with actuarial standards.
Financial Services
Responsibilities
Develops actuarial and mathematical models, and determines assumptions to be used within models and communicates the results obtained from the models
Supports other departments in understanding technical concepts and improving their operational efficiency
Knows and understands the goals and perspectives of Insurance Operations, Information Technology, Filing and Compliance, Corporate Accounting and Planning, senior management, industry rating agencies and the various state insurance departments
Knows and understands Western & Southern Financial Group (W&SFG) products, markets and marketing strategies. Understands each business unit's goals and perspectives
Understands core actuarial and accounting principles such as STAT and GAAP valuation concepts, DAC amortization and RBC
Proposes creative compromises to conflicting goals of accuracy, precision and deadlines
Develops rapport and trust with various departments in the Company to determine mutually acceptable solutions to problems
Develops and provides actuarial and mathematical modeling tools, information and analysis to assess profitability and risk of products in-force or under development, asset/liability management, contract holder behavior, expenses, reserves, taxes and other risk analysis
Provides solutions to problems encountered in implementing products and financial reporting systems
Designs reports to obtain data for product development, cash-flow testing, financial reporting, forecasting, valuation and other reporting requirements
Assists with product design
Prepares a list of criteria to test administrative and illustration systems
Writes actuarial memorandums and certifications required for filing new products, valuation and reserve adequacy, and answers questions from state insurance departments
Acquires an in-depth understanding about the topic to which a particular project relates, in order to apply appropriate methods and analysis to this and future projects, while meeting the current project deadline
Documents projects in writing in accordance with established guidelines
Complies with standards declared by the Actuarial Standards Board and other applicable bodies (SEC, Accounting Standards Board, etc.) as well as the requirements of state and federal regulation
Performs other duties as assigned
Complies with all policies and standards
Qualification
Required
Bachelor's Degree In mathematics or related field
Proven mastery of responsibilities and competencies of the Assistant Actuary position
Demonstrated creativity, judgment, decisiveness, problem-solving skills and time management skills. Proven examples from work experience on identifying complex problems, quantifying the problem and providing creative resolutions to solve
Proven examples of working under multiple deadlines with minimal supervision. Must cite examples of successfully organizing and effectively completing projects where given little or no direction
Expert in spreadsheet, database and mainframe applications
Proficient in word processing
Proficient in actuarial software packages such as those used for valuation (ARCVAL), experience studies (ARCBase), and pricing and projections (MG-ALFA)
Member of the American Academy of Actuaries (MAAA). Upon Hire
Associate of the Society of Actuaries (ASA) Upon Hire
Actively pursuing FSA or other insurance industry designation (FLMI, CLU, etc.). Upon Hire
Company
Fort Washington Investment Advisors, Inc.
Fort Washington Investment Advisors, Inc.
Founded in 1990
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Maribeth Rahe
President & CEO
Amy L. Mickey
Executive Assistant to the President & CEO
Company data provided by crunchbase