Actuarial Associate

Feel Good About Doing Good
The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

While we have many employees who are not Catholic, we follow the Church's teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

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Overview
NOTE: THIS DESCRIPTION APPLIES TO BOTH EXAM-TRACK AND NON-EXAM TRACK.
Assists with a variety of actuarial tasks, including product development, in-force product management, assumption development, experience studies (i.e., mortality, lapse, etc.), policy illustrations, and various policy values calculations (i.e., cash values, reserves, dividends, and premiums). For those on Exam-Track, the position is subject to the provisions outlined in the "Actuarial Student Program Manual". This position is expected to take a more proactive leadership role in projects than the Actuarial Assistant position.
*Core Responsibilities *

• Pricing new and in-force life insurance and annuity products (e.g., premiums, dividend scales, reserves, credited rates and non-forfeiture values for new and existing plans of insurance).
• May assist with new pricing and/or analysis of in-force Long Term Care insurance products.
• Performs experience studies and other actuarial/statistical analysis.
• Provide support for new product implementations, including specifications and creation of validation tools.
• Provides support to agents and policyholders, including performing policy calculations, answering questions, and communicating information. Provides manual calculation support to the administrative system.
• Assists in preparing actuarial filing materials for new insurance and annuity products and certifications required by regulators .
• Uses modeling software to assess risk and provide management information in support of product development and in-force product management.
• IF ON EXAM TRACK: prepares and sits for actuarial exams. Passes exams to meet minimum Program requirements for exam progress.

Skills Qualifications
Required:

• Knowledge of insurance industry. Experience with life insurance and/or annuity products.
• Insurance or annuity pricing experience is a plus.
• Experience with Participating Whole Life or Deferred Annuities products is a plus.
• Foundational background in Actuarial principles.
• Ability to quickly learn new concepts and apply that knowledge to solve problems.
• Strong communication skills and business judgment.
• At or near ASA designation preferred .

Systems/Technical Knowledge:

• Actuarial modeling software skills. Experience with GGY AXIS preferred.
• Computer programming skills. Experience with Excel macros/VBA programming, and SQL preferred.
• Experience with life insurance administration and illustration platforms is a plus.
• Microsoft Office, including Word, Excel, Access, and PowerPoint.

*Education
Required: *

• BA or BS degree in Actuarial Science, Statistics, Mathematics, Economics, Finance, or similar degree.
• 3+ years of related responsible actuarial and insurance industry experience or equivalent combination of training and experience.
• 4+ actuarial exams passed if on the exam track, including life contingencies.

Preferred:

• ASA preferred if not on exam-track.

Compensation
The wage range for this role takes into