What are the responsibilities and job description for the Actuary - Plan Modeling position at Jackson National Life Insurance Company?
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Job Purpose
Responsible for complex actuarial projects in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. Independently performs activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads projects associated with the development of actuarial models, databases, and methodologies.
Essential Responsibilities
- Actively participates in or leads small team meetings, cross-functional team meetings and meetings with senior management.
- Manages own time and works with manager to set priorities, set deadlines and share project status.
- Communicates with peers, manager, and senior management orally and in writing, using such tools as email and Microsoft Teams.
- Assists in communication with external parties.
- Composes reports presenting analysis to senior management.
- Creates and maintains model documentation in accordance with Jackson’s Model Risk Management Policy, as needed.
- Recommends and provides manager level review of changes to the coding and structure of actuarial tools, as assigned.
- Leads processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
- Analyzes and validates actuarial output.
- Develops improvements in methods and procedures as necessary to improve efficiency and controls.
- Leads small team and cross-functional projects, creating project plans and assigning tasks.
- Mentors junior associates on technical topics and trains them to perform processes.
- Serves as an expert resource for selected areas of regulatory, professional, or technical knowledge.
Other Duties
- Performs other duties and/or projects as assigned.
Knowledge, Skills and Abilities
- Advanced knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
- Advanced knowledge of one or more of insurance product lines (life, annuities).
- Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). General understanding of at least one other key field of actuarial work.
- Expert knowledge of at least one actuarial application used by Jackson, such as SAS, Python, ALFA, etc.
- Ability to train associates in the use of Jackson actuarial applications.
- Ability to guide others in following processes and running actuarial models or programs.
- Ability to effectively communicate with actuarial associates at all levels and across functional teams, as well as assist in communications with external parties, verbally and in written form.
- Ability to write effective formal reports for senior actuarial management and for members of other functional teams.
- Ability to lead and add value in cross-function team meetings.
- Ability to work on multiple projects, meet deadlines, and prioritize work based on minimal guidance.
- Ability to organize and lead projects.
- Ability to perform manager level review of processes and implementations of changes to actuarial tools.
Qualifications
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
5 years actuarial experience and FSA or 8 years actuarial experience and ASA required.
7 years actuarial experience and FSA or 10 years actuarial experience and ASA preferred.
Life and annuity experience preferred.
Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) preferred.
We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.
