Associate Actuary (Hybrid)
Unum
- Portland, ME
- $89,400-174,800 per year
- Permanent
- Full-time
◦Rotational work assignments to promote broad business awareness
◦Comprehensive exam support towards the pursuit of Fellowship
Each ADP participant has a unique development plan based on their own abilities, experience and career aspirations. Development opportunities are offered in forums including on-the-job training, classroom training, leadership programs, and speaker series. In addition, all ADP participants have frequent interaction with corporate officers.Roughly every 18 months, ADP participants rotate to a new area of the business to learn a new product or discipline, gain new perspectives, and continue their development as actuaries. Traditional actuarial rotations take place in areas such as pricing, reserve valuation, and claims risk analysis, but some rotations extend well beyond traditional financial roles.Unum expects ADP participants to make consistent progress towards Fellowship. The exam process is rigorous, and Unum recognizes this by providing significant assistance and rewards to reflect the commitment required. Our Actuarial Education Program provides company-paid study time, covers the cost of textbooks, study guides, preparatory seminars, and exam fees, and offers generous salary increases for each exam passed.This is an intermediate level position that requires an Associate Actuary Designation (ASA). The candidate to fill this role must have significant technical expertise and relies on increasing business knowledge. While some review by a senior actuary is expected, this individual will take initiative in identifying, researching and analyzing complex issues and concepts. This position will participate in cross-functional initiatives to gain increasing business exposure and knowledge.This job is responsible for activities surrounding pricing and rate development; overseeing assigned actuarial projects and developing and implementing sound actuarial policies and practices to help Unum meet its financial objectives; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales. Minimum qualifications include receiving a designation of Associate in the Society of Actuaries, and two to four years of relevant work experience. Generally, there are no direct reports associated with this position.Principal Duties and Responsibilities
- Perform analysis of emerging experience, monitor marketplace and economic trends and review implications.
- Support development of analysis framework
- Recommend updated pricing, valuation or reserving assumptions
- Regularly communicate research findings and analysis to management
- Effectively work with any number of other cross functional/operational areas (e.g. underwriting, compliance, customer care) on specific initiatives.
- Depending on area assigned, develop pricing or valuation tools, prepare state filings, financial reports and tax returns.
- Act as mentor for student actuaries and interns
- Prepare routine reports
- May perform other duties as assigned
- Bachelors degree required
- A designation of Associate in the Society of Actuaries
- Desire to attain FSA status
- A minimum of two years hands-on experience and in-depth knowledge of business analysis, pricing, valuation, ALM or corporate experience.
- Strong problem solving ability and project management skills.
- Hands on experience with current technology (excel, one programming language, plus mainframe systems or database utility)
- Solid written and verbal communication skills
- Demonstrated leadership ability