Description
Armed with statistical, financial, business computational, and modeling tools, actuaries determine, assess, and quantify the risks of threats to the organization becoming realized and develop policies and programs to cover or minimize the disruptive operational and financial cost to the organization. This makes actuaries essential in the life insurance industry.
- Oxford Life is seeking a talented Actuarial Analyst for the Actuarial Department of Oxford. This position reports to the Valuation Actuary. This is a great opportunity for an eager, motivated new grad of a bachelor’s program in Actuarial Science to begin a successful career at a strong life insurance company. New grads MUST have a strong proficiency with Microsoft Excel.
Duties and Responsibilities
Determine the reserves required on a Statutory, GAAP, and Tax basis to ensure the company’s financial position to meet client claims.Determine the financial soundness of each line of business using loss recognition testing, gross premium valuations, asset adequacy analyses, and / or experience studies.Gather and analyze experience statistics to estimate population mortality, morbidity, lapse, persistency, and maturity rates.Work with accountants, compliance officers, marketing representatives, auditors, consultants, and senior management to develop and promote the proper reserving of insurance products.Use mathematical techniques and statistical concepts to determine and assess the risk inherent in a particular scheme.Keep a close eye to the new research and developments that have arisen in the actuarial field.Apply innovative solutions for resolving constantly changing business problems.Explain the risk and limitations of actuarial schemes in detail to a non-actuarial audience.Document the concepts, methodologies, and procedures that have been implemented.Skills and Specifications
Must have proven multitasking skills and can work under extreme pressure.Must have excellent analytical and computational skills (Microsoft Excel, Word, Access, PowerPoint); Actuarial Software (MG-ALFA); Financial Reporting Software (SAP) and Policy Administration Software (Life Support Plus and LifePRO).Must have excellent communication and interpersonal skills.Education and Qualifications
Minimum Bachelor’s degree in actuarial science, mathematics, statistics, accounting, or finance with an active pursuit of successfully passing Society of Actuaries actuarial exams.Preference will be given to candidates who have shown success in passing exams towards completion of their designation as an Associate or Fellow of the Society of Actuaries and have attained 1+ years of relevant actuarial experience working in the life insurance industry.U-Haul Offers :
Full Medical coveragePrescription plansDental & Vision PlansNew indoor fitness gymGym Reimbursement ProgramRegistered Dietitian ProgramWeight WatchersOnsite medical clinic for you and your familyCareer stabilityOpportunities for advancementValuable on-the-job trainingTuition reimbursement programFree online courses for personal and professional development at U-Haul University®Business and travel insuranceYou Matter Employee Assistance ProgramPaid holidays, vacation, and sick daysEmployee Stock Ownership Plan (ESOP)401(k) Savings PlanLife insuranceCritical Illness / Group Accident24-hour physician available for kidsMetLaw Legal programMetLife auto and home insuranceMindset App ProgramDiscounts on cell phone plans, hotels, and moreLifeLock Identity TheftSavvy consumer wellness programs - from health care tips to financial wellnessDave Ramsey’s SmartDollar ProgramU-Haul Federal Credit UnionWellness ProgramU-Haul Holding Company, and its family of companies including U-Haul International, Inc. (“U-Haul”), continually strives to create a culture of health and wellness. Consistent with applicable state law, U-Haul will not hire or re-hire individuals who use nicotine products. The states in which U-Haul will decline to hire nicotine users are : Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Pennsylvania, Texas, Utah, Vermont, Virginia, and Washington. U-Haul has observed this hiring practice since February 1, 2020 as part of our commitment to a healthy work environment for our team.
U-Haul is an equal opportunity employer. All applicants for employment will be considered without regard to race, color, religion, sex, national origin, physical or mental disability, veteran status, or any other basis protected by applicable federal, provincial, state or local law. Individual accommodations are available on requests for applicants taking part in all aspects of the selection process. Information obtained during this process will only be shared on a need to know basis.
