Associate Actuary

Location
Silver Spring, MD
Posted
Nov 19, 2021
Closes
Nov 30, 2021
Ref
229313202111
Function
Accountant, Finance
Hours
Full Time
Job Summary/Company:

Sparks Group in collaboration with a premier investment and insurance company, is searching for a driven Associate Actuary. The Actuary will report to the Corporate Chief of Actuary and perform actuarial duties including ensuring valuation processes, policies, controls, documentation, and governance are implemented appropriately. The ideal candidate will have Stop Loss experience, strong analytical, problem-solving capabilities, and communication skills. The position can be a 100% remote or offers a relocation package. If you're looking for an opportunity as a new step in your career, apply now!

Responsibilities:
  • Direct and prepare valuation and financial reporting using multiple accounting methods; assess regulations and provide feedback to leadership
  • Performs the periodic calculation of actuarial reserves and liabilities on a statutory, GAAP, and tax basis
  • Prepare statistical reports for state insurance departments
  • Collaborates with Group Underwriting on stop loss rate manuals and pricing decisions
  • Support strategic pricing goals and objectives for products; develop models for new alternative pricing, valuation, and analytics
  • Prepares filings for regulatory approval and manage risk through reinsurance
  • Gather insights from analysis, make recommendations to leadership regarding findings and propose actions
  • Collaborate with state insurance departments and internal and external auditors
  • Assist with special project requests for analysis / actuarial assistance

Qualifications/Background Profile:
  • Bachelor's Degree in Accounting, Finance, Business, or related field; Master's degree preferred
  • 10+ years of stop loss experience
  • Preferred: Completed SOA requirements for Associateship OR Member of American Academy of Actuaries
  • Work directly with underwriters and senior company officers
  • Demonstrate strong technical skills to manage and compile financial data
  • Cultivate successful profitable relationships with the ability to collaborate with teams and prove management skills
  • Excellent communication skills with ability to think critically and analytically

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Qualified candidates should send their resume AND call Sparks Group for additional details. Please note, resume must include a valid email address in order to be considered. We look forward to discussing your background, your current job search, and your potential career path with Sparks Group!

Sparks Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, pregnancy, citizenship, family status, genetic information, disability, or protect veteran status.

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