Actuarial Consultant- Hybrid

Securian Financial Group

Andover, MN 55304, USA

Published: 1/30/2023

Full Time

Position Summary:

Bring your curiosity, creativity, and technical brilliance to work within Retirement Products. This position is involved in numerous aspects of our growing Pension Risk Transfer and Institutional Financial Product segments, including pricing, product development, financial analysis, among others. An associate in this position will be part of a supportive team environment, where they will gain experience in a variety of actuarial disciplines.

* This position is part of the Actuarial exam-taking path. Candidates will be considered at all Actuarial Student levels. At Securian Financial the internal title for this position is Actuarial Sr. Analyst or Actuarial Consultant, based on qualifications, experience, and exams.

Position Responsibilities:

Provide leadership support of the Pension Risk Transfer (PRT) business, within pricing, underwriting, and valuation functions.

Price PRT opportunities – decision maker on small plans, recommender on medium plans, supporter of large plans

Lead actuarial underwriting efforts, providing final or preliminary sign-off based on plan size and implement enhancements to the underwriting process, balancing efficiency with prudent risk management

Provide support for quarterly valuation work, act as a liaison with enterprise teams to understand evolving valuation practices, and ensure appropriate connection between pricing and valuation models

Enhance modeling capabilities of all Retirement Solution’s products

Lead the enhancement of the PRT suite of models – pricing, valuation, and goals/plans

Lead the quarterly embedded value model preparation/submission, analyze quarterly results, and product reports to explains results to various audiences

Support Institutional Financial Product (IFP) pricing and product development

Provide Guaranteed Investment Contract (GIC) price recommendations, weighing the risk and opportunity of each bid

Provide support of the quarterly rate recommendations for defined contribution investment only offering (e.g., U of MN, NSCC-traded general accounts

Lead various financial reporting and analysis processes

Qualifications:

Actuarial Student, focused on progression towards the FSA designation

Analytical and problem-solving skills, coupled with intellectual curiosity and initiative

Solid written, oral, and interpersonal communication skills

Self-motivated and flexible; ability to work independently and as part of a team.

Preferred Qualifications:

Expertise with actuarial modeling tools (Prophet, Axis, Moses, etc.)

Expertise with technical tools (R, Python, etc.)

Demonstrated project leadership experience

Physical Job Requirements:

Ability to utilize keyboard, mouse and computer for up to 8 hours per day

Ability to work at least 40 hours per week

Ability to utilize telephone for 2-4 hours per day

The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.

Securian Financial has been around for 140 years. We’re committed to giving back to our community, donating 15,000 employee volunteer hours this past year. We also provide extensive resources to our employees for professional development and growth and a number of diverse professional and social opportunities throughout the company. There’s a reason our employees have voted us as a best place to work year after year! In addition:

Generous paid time off. We want you to take time off for whatever matters most to you!

Tuition reimbursement program. We value continuous learning at Securian!

Company-funded pension plan as well as 401K retirement plan – great resources to secure your financial future.

Continuous opportunities for new challenges.

Variety of health plan options as well as dental and vision plans.

Paid maternity/paternity leaves.

Securian Financial Group, Inc. does not discriminate based on race, color, creed, religion, national origin, sex, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance, status in a local human rights commission, or any other status or condition protected by local, state or federal law. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by telephone 651-665-5522 (voice), 711 (telecommunications relay), or by email at EmployeeRelations@securian.com.

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