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Sammons Financial Group Companies · 2 weeks ago

Manager & Actuary- Enterprise Risk Management

Fargo, ND

Full-time

Onsite

Senior Level

$131K/yr - $218K/yr

6+ years exp

Sammons Financial Group is seeking a Manager & Actuary for their Enterprise Risk Management team. In this role, you will leverage your knowledge of insurance products and models to oversee risk management responsibilities and contribute to the development of risk frameworks and policies.

FinanceFinancial ServicesRetirement

Growth Opportunities

No H1B

Responsibilities

Apply strong knowledge of Sammons Financial Group products related to area of focus. Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes

Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions. Recommend enhancements to existing processes or lead development of new processes to accommodate regulatory changes. Oversee preparation and review of materials required to comply with applicable regulations

Develop and recommend assumptions for management approval. Oversee application of assumptions needed for actuarial calculations or financial projections. Leverage company data, industry data and/or any other information indicating a potential change in the future to justify recommendations for individual assumptions. Oversee use of actuarial models to understand and explain the impact of a change in assumptions. Ensure assumptions and sources of underlying data are well documented

Lead staff to create, understand and interpret complex financial models. Assist in choosing the appropriate modeling approach and using the right tools and methods to maximize efficiency. Provide leadership and direction in the analysis and explanation of the results of both deterministic and stochastic projections. Ensure proper governance, peer review and documentation is completed

Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed. This includes balance sheets and income statements produced by actuarial models. Assist in interpreting and implementing changes in accounting and/or actuarial standards

Lead staff to create spreadsheets, databases and other data analytic software as needed to perform data analysis and summarize, manipulate, transform and aggregate data efficiently and accurately. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features to inform management decisions. Oversee checks to confirm the robustness of the data and analysis

Understand concepts of relevant actuarial risks and the implications of failing to manage risk. Direct team to quantify risk exposure and use model projections to produce management information to measure and to monitor on-going exposure. Assist in developing risk mitigation techniques which may include product changes or new product designs

Develop and manage a team of actuaries and/or analysts. Manage and lead multiple projects. Effectively plan and prioritize your team’s work in accordance with broader department objectives and priorities. Provide technical guidance to the team and review their work for accuracy. Execute performance management responsibilities on a timely basis

Develop relationships and collaborate with other departments and business units. Communicate effectively with other actuarial teams to ensure consistency in modeling approaches and assumptions across actuarial functions. As needed, oversee preparation of actuarial calculations to support administration or test IT functionality

Enhance and develop personal and professional skills through the Society of Actuaries’ exam or continuing education requirements. Attending actuarial-related conferences is strongly encouraged

Qualification

Actuarial ScienceFinancial ModelingInsurance KnowledgeData AnalysisMathematical AbilityProject ManagementCommunication SkillsTechnical Tools ProficiencyRegulatory KnowledgeTeam CollaborationAttention to DetailOrganizational SkillsLeadershipProblem Solving

Required

Bachelor's Degree preferably in the area of mathematics, or a business related field

6-8 years' experience in the field of Actuarial Science

Demonstrate a superior level of mathematical ability and attention to detail and strong analytical skills

Demonstrate strong computer skills including proficiency in the use of applicable technical tools

Demonstrate strong written and verbal communication skills including the ability to present highly technical information to non-technical audiences

Ability to apply insurance industry knowledge, preferably in the fields of individual life and annuities

Ability to identify and direct the analysis of problems or questions and provide recommendations to appropriate audiences

Ability to work both individually and as part of a team

Highly organized with the demonstrated ability to prioritize multiple projects and to switch priorities as necessary

Ability to work effectively in an office environment

Commitment to embrace SFG shared values (Respect, Accountability, Integrity, and Openness)

FSA

Will consider near-FSA actively pursuing completion of FSA or career ASA

Due to the financial nature and level of accountability of this position, a credit and criminal background check is required

Preferred

Experience leading projects and/or supervising work of others

Benefits

Health

Dental

Vision

Company Paid Retirement

PTO and Holiday Pay

Employee Stock Ownership Plan (ESOP)

Healthy balance between work and personal lives

Competitive PTO

Generous number of paid holidays

Incentive program for defined goals subject to eligibility and performance

Monetary rewards are based on individual and/or overall company performance

Company

Sammons Financial Group Companies

Sammons® Financial Group Companies (collectively, Sammons Financial Group) provide today’s most sought after life insurance, annuity, and retirement products.

Founded in 1938

West Des Moines, Iowa, USA

1001-5000 employees