Associate Actuary – Model Development

Job Description

Ameritas is looking for our next Associate Actuary to join our Corporate Actuarial Model Development Team. This detail-oriented, results-driven individual will have extensive modeling experience and be able to be a subject matter expert on actuarial model development and applications. This position will be responsible for ensuring delivery of high-quality models that enable good business decisions and help manage the company’s risks.

This position can be remote (within the U.S.A.) or hybrid (Lincoln, NE or Cincinnati, OH) depending on proximity to an office location.

• Lead Prophet model development and testing of various product types, proactively adhering to Model Risk Management policies, procedures, coding standards, and optimization objectives.
• Serve as a subject matter expert on life insurance and/or annuity modeling.
• Collaborate with stakeholders throughout the organization to understand requested model changes and prioritization, develop and execute test plans, and assist in model acceptance and approval.
• Lead and support others in project management of large-scale development initiatives and enhance and streamline the model development life cycle.
• Document decisions made, processes put in place, and other work performed.
• Compile and analyze data, using statistical formulas, policy audits, and other actuarial methods, including reviewing others’ work.
• Build, test, validate, and maintain actuarial models for all use cases.
• Develop and implement procedures to comply with new regulatory, control, or governance requirements.
• Respond to requests for information from actuaries, accountants, auditors, management, and other associates, providing actuarial analysis where appropriate.
• Provide guidance, training, direction, and work product review for other actuarial associates.

• Bachelor's degree or equivalent combination of experience in Actuarial Science, Mathematics, Statistics, or Related Field.
• 4‑7 years of related actuarial experience.
• Advanced knowledge of actuarial model architecture and development for asset and liability projection modeling using the FIS Prophet system.
• Advanced knowledge of life insurance and/or annuity products, actuarial theory and techniques, and regulation of the insurance industry.
• Ability to balance competing priorities to produce high-quality deliverables in a fast-paced environment.
• Ability to perform detailed calculations with a high level of understanding.
• Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed.
• Ability to communicate technical concepts to a non‑technical audience.
• Capacity to work effectively both independently and as part of a team.
• Associate or Fellow of the Society of Actuaries designation is desired.
• Member of the American Academy of Actuaries is desired.

A meaningful mission. Great benefits. A vibrant culture.

Ameritas is an insurance, financial services, and employee benefits provider. Our purpose is fulfilled life, meaning helping all kinds of people, at every age and stage, get more out of life.

At Ameritas, you’ll find energizing work challenges, flexible hybrid work options, time for family and community, and benefits that cover what you expect and what you don’t.

• 401(k) Retirement Plan with company match and quarterly contribution.
• Tuition Reimbursement and Assistance.
• Incentive Program Bonuses.
• Competitive Pay.

• Flexible Hybrid work.
• Thrive Days – Personal time off.
• Paid time off (PTO).

• Health Benefits:
  
  Medical, Dental, Vision.
• Health Savings Account (HSA) with employer contribution.
• Well‑being programs with financial rewards.
• Employee assistance program (EAP).

• Professional development programs.
• Leadership development programs.
• Employee resource groups.
• Strengths Finder Program.

• Matching donations program.
• Paid volunteer time – 8 hours per month.

• Generous paid maternity and paternity leave.
• Fertility, surrogacy, and adoption assistance.
• Backup child, elder, and pet care support.

An Equal Opportunity Employer. Ameritas is committed to an inclusive culture and diverse workplace, hiring based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity, or any other characteristic protected by law.