Demo

Director- Actuarial-Risk Management

Ameritas
Lincoln, NE Full Time
POSTED ON 1/9/2025
AVAILABLE BEFORE 4/2/2025

Position Description :

Ameritas is looking for our next Director, Actuarial to join our Corporate Actuarial Risk Management team as our Director of Asset Modeling and Governance, reporting to VP, Actuarial Risk Management. This detail-oriented, results-driven individual will have extensive modeling and asset liability management experience and be able to be a subject matter expert on actuarial model development and applications.

This position is responsible for providing asset & ALM-related actuarial services for actuarial model-based risk management applications such as Enterprise Risk Management, Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Risk Based Capital (RBC), Principle-Based Reserving and valuation, Liquidity Testing, and Financial Planning. This position will also help manage and participate more heavily in the company’s Asset Liability Management (ALM) responsibilities. This position participates in the financial management of the company by providing actionable information that enables senior management to make good business decisions and manage the company’s risks.

This position will also support the Model Architect and Model Steward to ensure quality governance of the Corporate Actuarial models.

At Ameritas, our mission is Fulfilling Life. We do that in many ways, but especially by helping people invest in themselves by offering trusted financial products and advice. Because we believe everyone should be happy, healthy, and financially secure, we work hard to provide trusted financial products and valued guidance, including individual life and disability insurance, employee benefits, retirement planning, investments, and wealth management services.

Position Location :

  • This role could be hybrid or remote based on proximity to an office location

What you do :

  • Perform a leadership role in developing and maintaining the Company’s asset models, including overseeing regular asset model file and assumption production and scenario generation
  • Actively contribute to the company’s Asset Liability Management program which may include working with the investment advisor and divisions on investment and hedging strategies, duration and price behavior curve analysis, yield analysis, and ALM reporting
  • Respond to modeling‐related and risk management questions and requests for information from internal actuaries, investment managers, accountants, auditors, management and other associates, as well as external rating agencies, auditors and regulators.
  • Support the Model Architect’s & Model Steward’s responsibilities, which include :
  • Manage actuarial modeling development and related analysis for Individual Life, Annuity, Disability Income and Retirement Plans products, implementing efficient working relationships with the Corporate Actuarial and Product Actuarial areas.

  • Manage Prophet model development, testing, and maintenance to ensure structural and calculation integrity, building models that can be used for various applications
  • Develop and review code for efficiencies, quality and adherence to coding standards
  • Review and sign off on development and release documentation
  • Implement the Ameritas Model Risk Management framework
  • Assist Corporate Actuarial Operations and IT to coordinate version control, establish
  • performance benchmarks and keep Prophet software up to date

  • Support new process improvements, especially with Company’s transformation project
  • Assist in the gate-keeper function, for actuarial application code, ensuring that documentation and sign-off requirements are met prior to code migration
  • Document decisions made, processes put in place and other work performed
  • Compile and analyze data, using statistical formulas and other actuarial methods – including the review of others’ work
  • Provide guidance, training and direction to other actuarial associates
  • What you bring :

  • Bachelor’s in Actuarial Science, Mathematics Statistics or related field or equivalent work experience
  • Associate or Fellow of the Society of Actuaries designation. Member of the American Academy of Actuaries.
  • 7-10 years of actuarial experience, including at least 2-4 years in a formal modeling or control-based environment
  • Prophet software knowledge strongly preferred
  • 4 years of leadership experience
  • Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
  • Advanced / Intermediate knowledge of and experience with Asset liability management (ALM)
  • Advanced / Intermediate knowledge of principle‐based capital calculations.
  • Ability to accurately perform detailed calculations with a high-level of understanding.
  • Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed.
  • Ability to work effectively both independently and as part of a team
  • What we offer :

    A meaningful mission. Great benefits. A vibrant culture

    Ameritas is an insurance, financial services and employee benefits provider Our purpose is fulfilling life. It means 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. But dig deeper. Benefits at Ameritas cover things you expect and things you don’t :

    Ameritas Benefits

    For your money :

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

  • Flexible Hybrid work
  • Thrive Days - Personal time off
  • Paid time off (PTO)
  • For your health and well-being :

  • Health Benefits : Medical, Dental, Vision
  • Health Savings Account (HSA) with employer contribution
  • Well-being programs with financial rewards
  • Employee assistance program (EAP)
  • For your professional growth :

  • Professional development programs
  • Leadership development programs
  • Employee resource groups
  • StrengthsFinder Program
  • For your community :

  • Matching donations program
  • Paid volunteer time– 8 hours per month
  • For your family :

  • Generous paid maternity leave and paternity leave
  • Fertility, surrogacy and adoption assistance
  • Backup child, elder and pet care support
  • An Equal Opportunity Employer

    Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity / Affirmative Action Employer that hires 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.

    The pay range posted reflects a nationwide minimum to maximum covering all potential locations where the position may be filled. The final determination on pay for any position will be based on multiple factors including role, career level, work location, skill set, and candidate level of experience to ensure pay equity within the organization. This position will be eligible to participate in our comprehensive benefits package (see above for details). This position will be eligible to participate in our Short-Term Incentive Plan with the annual target defined by the plan.

    Pay transparency is rooted in principles of fairness, equity, and accountability within the workplace. Sharing pay ranges for all job postings is one way Ameritas shows our commitment to equitable compensation practices.

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