Pan-American Life Insurance Group · 8 hours ago
Actuarial Analyst - Product Development
Oak Brook, IL
Full-time
Hybrid
Entry Level
$59K/yr - $80K/yr
1+ years expPan-American Life Insurance Group (PALIG) is seeking an entry-level Actuarial Analyst who will be involved with a wide variety of actuarial aspects related to product development and management for US individual life products. The role includes pricing and product development, product implementation testing, experience analysis, and support for dividend scale development and maintenance.
FinanceProperty & Casualty InsuranceFinancial ServicesInsurance
Responsibilities
Learn actuarial pricing software (AXIS)
Assist pricing efforts for US Life products
Aid in developing actuarial memorandums and rate manuals as necessary
Assist in developing rates for new and Inforce products
Test calculated values in administration and illustration systems to determine accuracy
Assist in developing experience studies as needed for individual life products
Support annual Dividend Scale Development for MTL products
Aid in database management, maintenance, and usage (ACCESS)
Aid in building and running dividend payout projections and reports (ACCESS & Excel)
Support/Assist annual Dividend Scale implementation and testing
Support PALIC dividend scale testing and calculations, as needed
Support PALIC-OH annual dividend scale process
Support the streamlining & efficiency efforts within the dividend processes and communications throughout PALIC
Assist with Capital Projects, as needed
Assist in Illustration Regulation testing of new dividend scales, as needed and assigned
Support other Projects as they arise
Expand actuarial knowledge via work assignments and SOA exams
Create and maintain documentation, particularly procedures and instructions
Qualification
Required
Bachelor's degree in analytic/quantitative discipline
1 Society of Actuaries exam passed or equivalent, but prefer 2 Society of Actuaries exam passed or equivalent
Knowledge of Microsoft Office (Excel/Access)
Excellent analytical and organizational skills, and a results-oriented perspective
Excellent verbal and written communication skills
Preferred
1-2 years' work experience in a financial job preferred
Benefits
Comprehensive benefits including medical, dental, 401(k), paid time off, and tuition reimbursement
Medical and dental coverage available starting the first of the month following 30 days of service
Hybrid work opportunities
Company
Pan-American Life Insurance Group
Pan-American Life Insurance Group is a provider of insurance and financial services.
1001-5000 employees
H1B Sponsorship
Pan-American Life Insurance Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (5)
2024 (3)
2023 (3)
2022 (2)
2021 (2)
2020 (4)
Funding
Current Stage
Late StageLeadership Team
C
Carlos Recuero
CFO Panama / Board Member at Palig El Salvador
Steven A. Friedman
President of Finance and Investments and Chief Financial Officer
Recent News
2025-05-30
2025-03-19
Company data provided by crunchbase