As a Senior Assistant Actuary, you will convert actuarial models into Axis, develop new actuarial models within Axis, assist in the development of actuarial modeling standards, and ensure these models comply with those standards. You will contribute to creating efficient infrastructure for model maintenance and governance and provide actuarial, system, and implementation support to multiple departments across the Company. You may lead projects and/or provide management or direction to actuarial support staff as needed.

SML supports remote work for NY, PA, NJ, MA, AL, FL, TX, OH, MN, IN, GA, AZ and NC. This position cannot be performed in the City of New York. Reliable internet service is required for the role. If you are interested in this position, but don't live near Binghamton, NY, this may be an opportunity for you!

Description of Duties & Responsibilities:

Provide documentation and product information for assigned products, including actuarial formulas, calculations, and demonstrations to the Systems department. Offer alternative solutions to system limitations. Make decisions regarding policy data accuracy and system issues. Serve as the liaison between the Systems department and actuarial management. Provide final actuarial approval as needed.
Coordinate with software vendors and various departments within the organization to provide written product specifications, actuarial formulas, rate files, and oversee actuarial testing as required.
Research, analyze and resolve actuarial issues concerning models and tools.
Provide modeling support across the actuarial department and assist in the modernization of actuarial tools and infrastructure.
Assist in model governance and assumption setting as needed.
Research and answer questions regarding actuarial issues across the organization and provide numerical examples of policy values and dividend calculations.
Other duties and responsibilities as needed or assigned by management.

Required skills & experience:

Minimum of 5 years of related experience.
A minimum of 6 requirements towards the Associate of the Society of Actuaries (ASA), which may include a combination of passed exams, completed modules or seminars, or completion of validation of educational experiences (VEE). Completing all VEE requirements is necessary to count as one of the five requirements towards ASA.
Life insurance industry experience is required.
Experience with insurance laws and actuarial regulations including Standard Nonforfeiture Law required.
Strong knowledge of actuarial modeling systems is required.
Advanced Microsoft Excel experience is required.
Intermediate Microsoft Word experience is required.
Basic Microsoft Access experience is required.
Proficiency with actuarial software is preferred.
Strong knowledge of Axis (including DataLink) is preferred.
Strong SQL Server (or equivalent relational database) experience is preferred.
Excellent written and verbal communication skills.
Ability to perform work accurately and thoroughly.

Education Required: Bachelor's degree in mathematics required.

Pay Range: $75,000.00 to $101,000.00

The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.

The level for this position will be determined based on factors including relevant skills, experience and other qualifications.

Visa sponsorship may be considered for this position

Relocation assistance is not available for this position

Security Mutual is an Equal Opportunity Employer

About SML:

Security Mutual Life is a leading provider of life insurance, accumulation products and retirement-, business- and estate-planning services for individuals, families and businesses. Our innovative products help our clients meet their financial protection needs. Headquartered in Binghamton, New York, the Company was founded in 1886 and is recognized for its longstanding history of financial strength and stability.

We continually invest in technology. Our agents and employees are equipped with the latest tools and deliver outstanding service to our hundreds of thousands of policyholders throughout the United States.

We are committed to our neighbors and communities. Security Mutual and its employees help support a wide variety of community and charitable initiatives and organizations through our donations and service.

At Security Mutual our employees are among the Company's most valued assets. We offer competitive salary and benefits and our work environment reflects the Company's core values of trust, respect and integrity.

Federal & State Labor Law Posters

Security Mutual Life Insurance Company of New YorkVerified Employer

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Senior Assistant Actuary - 1099