Actuary job description

The Automobile Club of Southern California is seeking an Actuary Trainee .Please Note: These are hybrid roles and will require three days in the office per week. You must reside within driving distance of our corporate office in Costa Mesa CA.
Responsibility:
Perform data gathering, calculations and report preparation to support actuarial projects.Learn new systems and in general perform activities that expand knowledge of actuarial science and the insurance business.Progress toward professional designation by developing mathematical and statistical expertise as evidenced by passing actuarial exams.Perform other duties and responsibilities as assigned or required.

Qualification:
4 year college degree in mathematics, statistics, or related field, or equivalent combination of education and experience required.Advanced background in mathematics and statistics required.Moderate PC skills, including Microsoft Word, Excel, Access, and ability to learn and use other database programs.Must have completed at lease one of the exams of the Casualty Actuarial Society.

Remarkable benefits:• Health coverage for medical, dental, vision• 401(K) saving plan with company match AND Pension• Tuition assistance• PTO for community volunteer programs• Wellness program• Employee discounts

The Automobile Club of Southern California is part of the largest federation of AAA clubs in the nation. We have 14,000 employees in 21 states helping 17 million members. The strength of our organization is our employees. Bringing together and supporting different cultures, backgrounds, personalities, and strengths creates a team capable of delivering legendary, lifetime service to our members. When we embrace our diversity - we win. All of Us! With our national brand recognition, long-standing reputation since 1902, and constantly growing membership, we are seeking career-minded, service-driven professionals to join our team.

“Through dedicated employees we proudly deliver legendary service and beneficial products that provide members peace of mind and value.”

AAA is an Equal Opportunity Employer

The Automobile Club of Southern California will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.

The Managing Actuary provides leadership and direction to ensure team strategies are successfully achieved.
Essential Functions:
Oversee development and review of Incurred But Not Reported (IBNR) reserve estimates for all CareSource lines of business on a monthly basis Communicate IBNR results to external actuaries engaged as part of audit or other events and defend those reserve estimates Maintain and develop internal statistical models to support key business goals / initiatives; bid pricing models, financial projections, contract modeling, ad hoc support projects Responsible for understanding various risk adjustment approaches and work with internal resources to determine the impacts of those risk methodologies on new member populations Review and drive the analysis around factors that can estimate the health of all of our lines of business Oversee and lead projects that help to determine key assumptions that are included in CareSource rate development practices Perform baseline analysis on expectations of rate changes for future years and work with federal level and state level departments of insurance for rate filings and other relevant data points Manage the actuarial bids process within the company and with external vendors for all lines of business Oversee the review and validate data completeness and accuracy Perform any other job related instructions as requested

Education and Experience:
Bachelor's degree in actuarial science, mathematics, economics or a related field or equivalent years of relevant work experience is required Two to three (2 to 3) years or more of management experience is preferred Two to three (2 to 3) years or more of actuarial experience is preferred Strong database (SAS or Access) experience is preferred Managed Care or healthcare experience is preferred

Competencies, Knowledge and Skills:
Expert proficiency level with Microsoft ExcelAdvanced proficiency with Microsoft Suite to include Word and Power PointAbility to manage, develop, motivate and reward staff Ability to effectively report data, analyze facts, and exercise sound business judgment when making recommendations Ability to analyze problems, draw conclusions, develop processes and communicate status and results Excellent written and verbal communication skills Ability to interact with all levels of management as well as external stakeholders Excellent problem solving skills with attention to detail Auditing skills Ability to work independently and within a team Excellent listening and critical thinking skills Strong interpersonal skills and high level of professionalism Ability to develop, prioritize and accomplish goals Knowledge of SQL and various data manipulation software

Licensure and Certification:
Completion of an actuarial designation (ASA/FSA) is required

Working Conditions:
General office environment; may be required to sit or stand for extended periods of time May be required to travel less than 10% of the time

Organization Level Competencies
CoachingBusiness AcumenCreating an Inclusive EnvironmentPlanning & OrganizingManaging RelationshipsWork StandardsFacilitating ChangeInfluencingCollaborating

This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer, including disability and veteran status. We are committed to a diverse and inclusive work environment.

The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life's uncertainties. Regardless of where you work within the company, you'll be helping provide protection and peace of mind when our customers need it most.

We are seeking an experienced person for an open position on the variable annuity Valuation Team. The person selected for this role will help drive the overall success of the variable annuity valuation team and the company's critical financial reporting obligations. This highly visible role will interact with other departments and individuals within the organization and play a key role interacting with Finance by analyzing key drivers of earnings. This position is responsible for performing Statutory, GAAP and Tax valuation of variable annuity using AXIS software. These financial reporting responsibilities take up about 3 weeks each quarter. The remainder of his/her time will be playing an essential role in business process improvements, such as consolidating valuation models, streamlining valuation/projection/reporting processes, implementation of Value of New Business (VNB), implementation of new regulations as well as supporting admin system conversion projects.
Responsibilities: Performing quarterly Stat, Tax and GAAP valuations and earning variance analysis.Preparing monthly, quarterly, and annual reports for internal and third-party clients.Preparing and reviewing SOX controls.Maintaining and improving the valuation and business plan models.Evaluating impacts of model updates and improvements.Developing automation tools for reporting/analysis as needed.Participating in data /reserve reconciliation for admin conversion projects.Other job duties as assigned, including ad hoc management reports.Interact with other departments and individuals within the organization.
Qualifications: Bachelor's degree4 or more years of analytical experience within the insurance industry Excellent spreadsheet and technical skills such as SQL server coding skill Hard working Analytical and inquisitive Capable to learn new software and coding languages Ability to work independently or on a team Excellent communication skills Knowledge and experience on annuity products are preferred Previous valuation experience is preferred Experience using AXIS software is strongly preferred
Protective's targeted salary range for this position is $100,000 to $140,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective's total compensation package for employees.

This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.

Employee Benefits:
We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective's platform to improve wellbeing while earning cash rewards.

Eligibility for certain benefits may vary by position in accordance with the terms of the Company's benefit plans.

Diversity and Inclusion:
At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities.

We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust development opportunities and focus on retention of key talent.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing the talents of a diverse and inclusive workforce.