Associate Actuary

<strong>We&rsquo;re motivated by the fact that educators take care of our children&rsquo;s future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. This includes insurance to protect what they have today and financial products to help them prepare for their future.</strong>

Madison WI; Springfield IL; Addison TX

Horace Mann

<h4>We&rsquo;re motivated by the fact that educators take care of our children&rsquo;s future, and we believe they deserve someone to look after theirs.&nbsp; We help educators identify their financial goals and develop plans to achieve them.&nbsp; This includes insurance to protect what they have today and financial products to help them prepare for their future. Our tailored offerings include special rates and benefits for educators.</h4> https://boards.greenhouse.io/horacemannservicecorporation

keywords: job description,support,develop,performance,education & experience,communication,initiative,skills

Finance & Planning

Overview: The&nbsp;<strong>Associate Actuary</strong>&nbsp;will support the Supplemental division (group, life and health) in a variety of ways. Potential responsibilities will include performing valuation and financial reporting work, analysis of statistical data for rate studies and conducting insurance rate filings. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.
Responsibilities: <ul> <li>Perform monthly, quarterly, and annual valuation reporting for group &amp; individual supplemental health lines of business.</li> <li>Support Long-Duration Targeted Improvements work for reserve updates as needed.</li> <li>Analyze and summarize results in a concise manner for management, auditors, and other interested parties.</li> <li>Write computer programs for special studies in Access, Excel and Visual Basic, SQL, R.</li> <li>Run and modify existing programs such as asset shares, reserve factor development, loss ratio studies, lapse rate studies and company projections.</li> <li>Perform studies for rate increases.</li> <li>Collaborate and communicate effectively with programmers, underwriters, claims experts, accountants, and management.</li> <li>Implement rate increases, complete rate filings and annual rate certifications for state insurance departments.</li> <li>Develop and set assumptions and pricing of new products.</li> <li>Develop actuarial memorandum for filing new products.</li> <li>Other actuarial duties as assigned.</li> </ul>
Requirements: <p><strong><u>Job-Specific Skills:<br /><br /></u></strong></p> <ul> <li><em>Active Listening</em>: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.</li> <li><em>Speaking</em>: Talking to others to convey information effectively.</li> <li><em>Reading Comprehension</em>: Understanding context, written sentences, and paragraphs in work related documents.</li> <li><em>Critical Thinking</em>: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.</li> <li><em>Time Management</em>: Managing one's own time and the time of others.</li> <li><em>Monitoring</em>: Monitoring/assessing performance of you, other individuals, and/or the organization to make improvements or take corrective action when needed.</li> <li><em>Interpersonal Skills</em>: Utilizing strong interpersonal relationship skills to communicate and motivate employees to achieve results while working with others.</li> </ul> <br /> <p><strong><u>Job Requirements:<br /><br /></u></strong></p> <ul> <li>Bachelor&rsquo;s degree in Actuarial Science, Mathematics, or Statistics.</li> <li>Prefer Associate of Society of Actuaries Certification and Member of American Academy of Actuaries.</li> <li>At least three years of relevant actuarial experience, five or more years experience preferred.</li> <li>Health insurance experience required, supplemental products experience preferred.</li> <li>Member of American Academy of Actuaries.</li> <li>Strong written and oral communication skills.</li> <li>Ability to be flexible, multitask, and shift priorities on a continuing basis while meeting deadlines.</li> <li>Work both independently and within a team environment.</li> <li>Proficiency in the operations of PC-based systems, including Microsoft Office software.</li> </ul> <p><br /><br /></p> <div class="content-conclusion"> <p>Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. Since then, we&rsquo;ve broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. And with our broadened mission has come corporate growth: We serve more than 4,100 school districts nationwide, we&rsquo;re publicly traded on the New York Stock Exchange (symbol: HMN) and we have more than $12 billion in assets.</p> <p>We&rsquo;re motivated by the fact that educators take care of our children&rsquo;s future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. This includes insurance to protect what they have today and financial products to help them prepare for their future. Our tailored offerings include special rates and benefits for educators.</p> <p>EOE/Minorities/Females/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.</p> <p>For applicants that are California residents, please review our&nbsp;<a href="https://www.horacemann.com/privacy/ccpa" target="_blank" rel="noopener noreferrer">California Consumer Privacy Notice</a></p> <p>All applicants should review our&nbsp;<a href="http://www.horacemann.com/privacy.aspx" target="_blank" rel="noopener noreferrer">Horace Mann Privacy Policy</a></p> </div>