Actuarial Associate

Actuarial Associate

Actuarial Associates are members of the Actuarial Development Program which provides a broad set of work experience, full Society of Actuaries exam support, the development of communication and leadership skills, and the opportunity for mentoring and networking. It is a rotational program that typically has 3 rotations of 12–24 months, where the Actuarial Associate will acquire and apply skills to provide actuarial and related assistance with respect to capital adequacy/financial strength, experience studies, actuarial modeling, asset liability management (ALM), valuation, retirement plan support, pricing, product development, development, pricing, non‑guaranteed element determination and other business functions.

Exam support will include paid study time and exam materials, automatic salary increases with passed exams, and first‑time pass bonuses.

• Actuarial/risk analyses with respect to the company's actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines, as well as overall financial strength of the company.
• Experience studies and assumption development for the annuity and life insurance lines of business.
• Asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.
• Various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.
• Valuations of actuarial reserves and liabilities.
• Asset adequacy testing and analyses of annuity and life insurance lines of business.
• Development of annuity products and policyholder illustrations; determination of non‑guaranteed elements such as crediting rates and dividend scales.
• Other business functions include plan pricing support, risk management and potentially others.

• University (Degree) Preferred

• No Experience Required

• Physical Requirements:
  
  Sedentary Work

5IC

• Technical skills, e.g. Excel, VBA, and Power Point
• University (Degree), Preferred
• Strong communication and problem‑solving skills
• Leadership potential
• Completion of any Society of Actuaries (SOA) exams

In addition to a competitive base salary of $77,600–$95,900 per year, the job may include incentive programs linked to performance. The organization is committed to a comprehensive Total Rewards package that includes a superior retirement program, as well as highly competitive health, wellness and work‑life offerings designed to promote physical, emotional and financial well‑being.

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non‑Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.