Modern Woodmen of America · 1 month ago
Senior Actuary
Rock Island, Illinois, United States
Full-time
Hybrid
Senior Level, Lead/Staff
$200K/yr - $240K/yr
10+ years expModern Woodmen of America is seeking an experienced Actuary to join their Actuarial team. The role involves directing and participating in complex projects related to profitability analysis, financial planning, product development, and regulatory reporting for life insurance and annuity products, while collaborating with cross-functional teams and ensuring compliance with industry standards.
FinanceFinancial ServicesLife Insurance
Responsibilities
Maintain and provide analysis on the quarterly product profitability dashboard, providing management with snapshot of projected profitability for current portfolio – in total, by product line, and by individual product
Prepare and communicate driver analysis of spread margins comparing to prior quarter, plan and other best estimate projections
Collaborate with cross-functional teams, including accounting, investments, and risk management, to address complex business challenges
Lead and manage actuarial projects related to financial planning, capital analysis, inforce management, valuation, product development, and pricing for life insurance and annuities products
Support the Actuarial function in preparing and reviewing financial reports, regulatory filings, and presentations for senior leadership, the Board of Directors, and external stakeholders
Participate in internal and external audits of reinsurance, reserving, and other actuarial topics
Contribute to the development and enhancement of actuarial models, processes, and technology solutions
Challenge the status quo of current tools and processes. Continually identify areas for improvement and propose/engineer solutions to enhance and streamline
Stay current with industry trends, regulatory changes, and best practices in actuarial science and insurance
Effectively communicate analysis in a way that is appropriate for intended audience
Qualification
Required
Bachelor's degree in Actuarial Science, Mathematics or related field
FSA designation required
10+ years' related experience
Deep understanding of industry procedures and best practices
Clear and effective communicator, adept at explaining complex concepts to multiple audiences
Strong technical proficiency across relevant tools and systems
Exceptional analytical thinking, with proven problem-solving and sound decision-making capabilities
Benefits
Company-paid retirement plan
Matching 401(k) Plan
Employee Impact Bonus
Medical, Dental, Prescription drug Insurance. We pay 100% of employee health insurance premiums and 50% of employee dependents’ premiums.
Group Term Life Insurance
Long-term and short-term disability.
Voluntary benefits: Vision, Flexible Savings Accounts, Accident Insurance
Company
Modern Woodmen of America
Modern Woodmen of America is a fraternal financial services organization.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Jerry Lyphout
President and Chief Executive Officer
Todd Swanson
Chief Financial Officer
Recent News
Quad City Business Journal
2022-04-27
Company data provided by crunchbase