Actuarial Fellow jobs in Vermont
Actuarial Fellow utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuarial Fellow assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuarial Fellow applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)
Recently Added Actuarial Fellow jobs
Actuarial Business Analyst I/ II
- National Life Group
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Montpelier, VT
FULL_TIME
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- This role is not an actuarial rotational position and does not require any exams. No actuarial exam support will be provided in this role.
The Actuarial Business Analyst II position reports to the Actuary, Life and Annuity Product Implementation and Management and is responsible for the setup of Life and Annuity products. Working under minimal supervision, this role will define products and load rates on administration systems, illustration systems and ancillary systems by performing tasks as assigned. The Product Systems Analyst II will independently perform systems analysis and modify product testing tools to ensure all life and annuity product calculations are complete and accurate. This role will interact with other business units and teams, including Agile scrum teams, product development actuaries, and the policy forms team to provide input on systems processing and calculations in support of defining new products and benefits and the creation of policy forms.
Key Responsibilities- Assist in identifying areas of the systems requiring modification to support new product designs and functionality
- Coordinate tasks associated with creating and modifying life and annuity product plans on administration, new business, illustrations, and other systems
- With oversight, read/review product pricing requirements, elicit necessary information by seeking answers from appropriate business partners. Write business requirements for needed modifications to systems, if applicable.
- Modify and create test tools to validate product rates and values on impacted systems, following established protocols and standards
- Create and execute validation test plans for new products, following established protocols and standards
- Help guide the efforts of Product Systems Analyst I in support of product implementation and management support
- Continue learning Life and Annuity products, their benefit structures and calculations, and the systems on which they are illustrated and administered
- Consult with the policy forms team as required to assist in the development of new forms and review materials in support of state filings
- Produce values for marketing materials and review such materials for accuracy
- Create and maintain tools and applications such as an ABR calculator required for the accurate implementation, administration, and support of life and annuity products. Deploy such tools for use by other business units as appropriate.
- Work to build and/or strengthen cross-functional partnerships with other business units and teams throughout the organization such as PMO, IT and QA, Customer Experience Center, New Business, and Policy Services.
- Liaise with other L&A solutions team members regarding policy calculations and values.
- Responsible for Vantage table creation and maintenance
- Bachelor’s degree – mathematics, finance, computer science or related degree preferred
- Experience – 1- 5 years in systems or systems support role in financial services industry.
- Experience with a wide range of life insurance and annuity products with a demonstrated understanding of product mechanics and calculations, including development of UL, indexed UL, and/or whole life cash value and death benefit calculations, definition of life insurance and modified endowment calculations, interest theory, and other related actuarial product benefit calculations.
- Ability to work both independently and as part of a team, accurately and in a timely manner
- Leadership and Problem-solving abilities
- Strong math, analysis and communications skills.
- Understanding of MS Office suite of applications including very strong Excel skills.
The base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range listed is just one component of our total compensation package for employees.
Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.
Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.
National Life Group
1 National Life Dr
Montpelier, VT 05604
Social Media Policy
Site Disclosure and Privacy Policy - This role is not an actuarial rotational position and does not require any exams. No actuarial exam support will be provided in this role.
- 9 Days Ago
Actuarial Systems Analyst I/II
- National Life Group
-
Montpelier, VT
FULL_TIME
- Actuarial Systems Analyst I/II The Actuarial Systems Analyst I/II position reports to the AVP and Actuary on the Annuity Valuation team, supporting financial reporting of Deferred Fixed Annuity and Pa...
- 1 Month Ago
Teaching Fellow or Associate Teacher
- Selected
-
Springfield, VT
FULL_TIME
- Free job-searching PD for educators. Find a school you love!Position DescriptionTeaching Fellow or Associate Teacher at multiple partner school sites (school-specific role descriptions available upon ...
- 8 Days Ago
Teaching Fellow or Associate Teacher
- Selected
-
Stowe, VT
FULL_TIME
- Free job-searching PD for educators. Find a school you love!Position DescriptionTeaching Fellow or Associate Teacher at multiple partner school sites (school-specific role descriptions available upon ...
- 8 Days Ago
Teaching Fellow or Associate Teacher
- Selected
-
Manchester, VT
FULL_TIME
- Free job-searching PD for educators. Find a school you love!Position DescriptionTeaching Fellow or Associate Teacher at multiple partner school sites (school-specific role descriptions available upon ...
- 9 Days Ago
Teaching Fellow or Associate Teacher
- Selected
-
Montpelier, VT
FULL_TIME
- Free job-searching PD for educators. Find a school you love!Position DescriptionTeaching Fellow or Associate Teacher at multiple partner school sites (school-specific role descriptions available upon ...
- 9 Days Ago
Actuarial Fellow jobs at Popular Companies
Teaching Fellow
- Friendship Public Charter School
-
Washington, DC
- Overview: By completing an application, you have applied to be considered for anticipated vacancies in the 2024-2025 sch...
- 6/11/2024 12:00:00 AM
ARNP Fellow / PA-C Fellow
- MultiCare Health System
-
Federal Way, WA
- About Indigo Urgent Care Indigo Urgent Care, a MultiCare Company, is the leading urgent care provider in the pacific nor...
- 6/10/2024 12:00:00 AM
Postdoctoral Fellow
- Drexel University
-
Philadelphia, PA
- Postdoctoral Fellow Job no: 501982 Work type: Full-Time Location: University City - Philadelphia, PA Categories: Drexel ...
- 6/10/2024 12:00:00 AM
Toxicology Fellow
- HealthPartners
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Saint Paul, MN
- Job Description @page { size: 8.5in 11in; margin: 1in } p { line-height: 115%; text-align: left; orphans: 2; widows: 2; ...
- 6/10/2024 12:00:00 AM
Research Fellow
- Massachusetts General Hospital
-
Somerville, MA
- GENERAL SUMMARY/ OVERVIEW STATEMENT: The McCance Center for Brain Health in the Department of Neurology at the Massachus...
- 6/10/2024 12:00:00 AM
RN Fellow
- Ascension
-
Austin, TX
- Details Sign-on bonus: 5,000 Department: SNW Med Surg Schedule: Full Time Rotating Hospital: Seton Northwest Hospital Lo...
- 6/10/2024 12:00:00 AM
ARNP Fellow / PA Fellow
- MultiCare Health System
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Spokane, WA
- You Belong Here. At MultiCare, we strive to offer a true sense of belonging for all our employees. Across our health car...
- 6/9/2024 12:00:00 AM
Administrative Fellow
- Cone Health
-
Greensboro, NC
- Overview: The Cone Health Administrative Fellowship is a dynamic, two-year postgraduate experience that provides Fellows...
- 6/8/2024 12:00:00 AM
About Vermont
Vermont is located in the New England region of the Northeastern United States and comprises 9,614 square miles (24,900 km2), making it the 45th-largest state. It is the only state that does not have any buildings taller than 124 feet (38 m). Land comprises 9,250 square miles (24,000 km2) and water comprises 365 square miles (950 km2), making it the 43rd-largest in land area and the 47th in water area. In total area, it is larger than El Salvador and smaller than Haiti. It is the only landlocked state in New England, and it is also the easternmost and the smallest in area of all landlocked sta...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Fellow jobs
$179,679 to $232,799
Most Popular Cities in Vermont for Actuarial Fellow Jobs
What does an Actuarial Fellow do?
Actuarial Fellow in Boca Raton, FL
The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology.
January 07, 2020
Actuarial Fellow in Salt Lake City, UT
Actuarial employers have fed back to us that there will always be a demand for the high levels of specialism demonstrated by our Fellows; particularly in established areas of actuarial employment such as pensions and insurance. However, they also need a more flexible qualification framework, which ensures that their employees are working to the level that is needed for the roles that they are undertaking.
January 18, 2020
Actuarial Fellow in High Point, NC
This proposal will also align the IFoA with the international market where an increasingly large proportion of our members operate, and will become the formal initial qualification for fully qualified actuaries who will possess 'core actuarial competencies'.
February 11, 2020