Actuarial Analyst
W&S Life Insurance Company - Cincinnati, OH

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Western & Southern Financial Group has an immediate opportunity for a Actuarial Analyst.

Summary of Responsibilities:
Provides and verifies data and actuarial reports necessary for product and financial management utilizing actuarial principles and mathematical analysis. Works with some supervision and is responsible to make a minimal range of decisions, escalating to VP/AVP when appropriate and updates VP/AVP on a regular basis. Applies actuarial principles to practical problems correctly.

Position Requirements

Position Responsibilities:
•Gathers, organizes and formats data from various sources, reviews for reasonableness and provides this data for internal and external use.
•Applies mathematical, statistical and technical skills to analyze data and reports.
•Answers mathematical, financial and/or product-related questions from other departments.
•Learns and applies Company and departmental work standards, including those for documentation, functions and interrelationships of departments.
•Ensures accuracy of calculations and statistical analysis despite time constraints.
•Obtains, verifies and organizes Company experience to be used in product development, financial reporting and/or industry surveys.
•Develops and modifies computer programs, applying actuarial principles in the development of new products and provides financial reporting for existing business.
•Designs mathematical formulas in pricing or asset-liability computer models to reflect new product features.
•Implements actuarial formulas with guidance. Verifies accuracy and maintains documentation.
•Obtains contract holder, expense and asset data, writes data retrieval computer programs where necessary and assesses the data's credibility, suitability to purpose and trends. Organizes data into reports for use in product development, cash flow testing and/or financial projections.
•Reports information to Company management and regulatory and industry organizations.
•Executes pricing, valuation and asset-liability runs, selecting the correct model and input data and ensuring internal consistency of all assumptions, product features and in-force data. Reviews for reasonableness and assists in analyzing results.
•Recommends precise and detailed specifications for products or financial reporting systems, to be used by Information Systems and/or Product Implementation teams. Assists in producing and implementing rates and values for all ages and options.
•Gains an in-depth understanding about the topic to which a particular project relates, in order to apply this knowledge to future related projects, while meeting the current project deadline. There is a tremendous amount of job-related learning outside of the exams.
•Performs other duties assigned by management.
Selection Criteria:
•Proven experience in judgment, problem-solving skills, time management skills.
•Must be able to cite examples from work experience on identifying complex problems, quantifying the problem and providing creative resolutions to solve.
•Must provide examples from work experience of maintaining a high degree of accuracy associated with high volumes of work and/or multiple duties.
•Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions.
•Demonstrated experience setting professional goals and successfully implementing and achieving those goals.
•Must provide examples of working under multiple deadlines and minimal supervision. Must cite examples of successfully organizing and effectively completing projects where given little or no direction.
•Cite examples of working independently or as part of a team.
Educational Requirements:
•Bachelor’s degree in mathematics or related field.
•Must successfully complete at least one Society of Actuaries examination.
Computer skills and knowledge of hardware & software required:
•Proficient in word processing, spreadsheet and database applications.
Certifications & licenses
(i.e. Series 6 & 63, CPA, etc.):
•Actively pursue FSA designation by attempting a Society of Actuaries exam at each sitting.
•Passes at least 50% of the exams attempted.
•Adheres to all other Actuarial Exam and other Administrative rules.
Position Demands:
•Extended hours required during peak workloads or special projects.
•Balances work demands with the need to pass actuarial exams, which requires intense mental focus and approximately 300 hours of study time in a four-month period, with two such periods each year.
Position Attributes
Western & Southern Financial Group, a Fortune 500 company, is a dynamic family of diversified financial services companies that provides life insurance, annuities, mutual funds, retirement planning and investment products and services to help millions of consumers nationwide to plan and protect their financial futures.
With more than 5,000 associates and more than 50,000 individuals in our selling group, Western & Southern offers consumers and businesses the financial products and services they require to meet their insurance needs and investment goals. Having reached more in excess of $50 billion in assets owned and under management, we are leveraging our industry leading financial strength to fuel our growth through strategic acquisitions, increases in our current product revenue stream and expansion into new distribution channels and businesses.
Western & Southern provides a host of benefits that include medical, dental, life, pension, 401K, free fitness facility, on-site cafeteria, and generously subsidized parking. Western & Southern promotes a stable, fulfilling and challenging environment with an emphasis on excellence and continued career development.

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