Actuarial Associate I

About the Role

The Retirement Actuarial team is seeking an Actuarial Associate I to support retirement product pricing. This entry-level role offers an opportunity to develop actuarial knowledge and technical skills while contributing to analyses that inform pricing and product development.

Key Responsibilities

• Provide actuarial support for recurring retirement product-pricing activities and project work.
• Assist with maintaining and updating actuarial pricing models, spreadsheets, databases, and other analytical tools under the guidance of experienced actuaries.
• Gather, organize, validate, and analyze data used in pricing analyses.
• Review pricing model outputs, identify unexpected results, and summarize findings for more experienced actuaries.
• Prepare recurring reports and supporting materials for actuarial and business partners.
• Assist with profitability, sensitivity, and scenario analyses using established methods and procedures.
• Research annuity products and competitor offerings to support pricing and product-development work.
• Document assumptions, processes, methodologies, and analytical results.
• Identify opportunities to improve the accuracy and efficiency of recurring processes, including opportunities to use automation and AI tools with guidance from the team.
• Collaborate with actuarial team members and other business partners to complete assigned work.

Requirements & Tech Stack

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or a related field.
• Foundational quantitative, analytical, and problem-solving skills.
• Working knowledge of Microsoft Excel for organizing data, applying formulas, and performing analysis.
• Attention to detail and the ability to follow established procedures, check results for accuracy, and document work.
• Clear verbal and written communication skills, including the ability to summarize findings and ask questions when guidance is needed.
• Ability to organize assigned work, meet deadlines, and collaborate with team members and business partners.
• Willingness to learn actuarial concepts and modeling tools, incorporate feedback, and build knowledge of retirement products.
• Willingness to explore and use AI tools to improve analytical processes, increase efficiency, and automate routine tasks, while reviewing outputs for accuracy and following company policies.
• Commitment to professional development, expanding industry knowledge, and passing actuarial exams toward an actuarial designation.

Qualifications

• Successful completion of one or more actuarial exams.
• Internship, academic project, or other experience involving actuarial work, financial analysis, data analysis, or modeling.
• Familiarity with MG-ALFA or similar actuarial modeling software.
• Foundational knowledge of annuity products and their features.
• Familiarity with SQL, Python, R, VBA, or similar tools used to prepare data or automate analytical processes.