Assistant Actuary
At Legal & General America, we give our best every day to protect the financial security of families and businesses, in an environment where work-life balance is possible, and inclusion is the norm.
Our associates' passion and dedication, as well as our career development opportunities, outstanding benefits, and community support contribute to our exceptional workplace culture.
Visit our careers page here to learn more about us and why we've been a certified Great Place to Work for the past six years in a row!The purpose of this role is to support the innovation of risk selection and risk pricing by using various modeling and analytical techniques including traditional actuarial approaches and new data science methods including machine learning algorithms.
Underwriting innovation and risk pricing:
Design and build actuarial analyses to evaluate the performance of existing underwriting practices (eg application questions, medical evidence, 3rd party data, underwriting guidelines) assessing impact on expected mortality, new business, and LGA costs.
Similarly evaluate proposed changes in underwriting practice.
Develop application methodologies (question types, interview approach, data comparisons, etc) capable of predicting individual applicant non-disclosure.
Develop good understanding of LGA's automated underwriting engine, and proactively identify areas for improvement.
Grow trusted relationships with senior underwriters in LGA and also within LGI in the UK, collaborating on projects and sharing information.
Optimization of automated underwriting
Collaborate with Business Intelligence team to design and build tools for interrogating automated underwriting data
Review performance of automated underwriting rules, identifying opportunities for enhancements and efficiencies
Work with Underwriting to modify automated underwriting rules in response to new 3rd party data or changes to underwriting guidelines
Underwriting and risk control for new partnerships and business ventures
Collaborate with Underwriting, Pricing, Product Development to develop the underwriting and risk control for new products developed by LGA for its distribution partners
Monitor underwriting effectiveness and mix of risk for new products and business ventures, raising issues for further review, and ensuring risk mitigations are implemented
Communicate internally and externally with stakeholders to keep all relevant parties informed of changes to underwriting and the mix of risk
Critical Policyholder behavior analysis
Carry out actuarial analyses into the impact of policyholder behaviors on business value across relevant accounting methods.
Contribute to cross-functional teams, identifying LGA actions that will optimize behavioral outcomes.
Data
Collaborate with Data Science and Business Intelligence to obtain appropriate data to carry out actuarial analyses.
Establish regular pattern of updating and reviewing data, to support annual cycle of work, and to identify issues that need addressing off-cycle.
Communication
Draft papers and reports summarizing the findings of actuarial investigations.
Prepare management reports describing recommendations
Effectively delegate work within Product Performance and provide regular progress reports to Head of Product Performance
May assist with interviewing and training for Product Performance
Other duties as assigned.
EducationBS/BA Math/Statistics/Actuarial Science/Data ScienceASA or near FSAExperience/Knowledge5
years actuarial experience, including 3
years life insurance experience.
Ideal candidate will have experience and knowledge of pricing and underwriting in life insurance.
Skills
Proficient in actuarial modeling (MGALFA and GGY-AXIS preferred)
Proficient in data manipulation (R, Python, Excel, Tableau preferred)
Proficient in drafting documents (Word and Powerpoint preferred)
Highly collaborative with ability to be a team player on cross-functional teams
Excellent communicator
Organization and documentation
Ability to multi-task in a deadline-oriented environment
Self starting with internal motivation and initiativeThis role is to be filled outside the state of Colorado.
Job Title (External Posting):
Assistant Actuary Job ID:
2021-2532 External Company Name:
Legal & General America Street:
3275 Bennett Creek Ave Telecommute:
Yes.
Estimated Salary: $20 to $28 per hour based on qualifications.
Our associates' passion and dedication, as well as our career development opportunities, outstanding benefits, and community support contribute to our exceptional workplace culture.
Visit our careers page here to learn more about us and why we've been a certified Great Place to Work for the past six years in a row!The purpose of this role is to support the innovation of risk selection and risk pricing by using various modeling and analytical techniques including traditional actuarial approaches and new data science methods including machine learning algorithms.
Underwriting innovation and risk pricing:
Design and build actuarial analyses to evaluate the performance of existing underwriting practices (eg application questions, medical evidence, 3rd party data, underwriting guidelines) assessing impact on expected mortality, new business, and LGA costs.
Similarly evaluate proposed changes in underwriting practice.
Develop application methodologies (question types, interview approach, data comparisons, etc) capable of predicting individual applicant non-disclosure.
Develop good understanding of LGA's automated underwriting engine, and proactively identify areas for improvement.
Grow trusted relationships with senior underwriters in LGA and also within LGI in the UK, collaborating on projects and sharing information.
Optimization of automated underwriting
Collaborate with Business Intelligence team to design and build tools for interrogating automated underwriting data
Review performance of automated underwriting rules, identifying opportunities for enhancements and efficiencies
Work with Underwriting to modify automated underwriting rules in response to new 3rd party data or changes to underwriting guidelines
Underwriting and risk control for new partnerships and business ventures
Collaborate with Underwriting, Pricing, Product Development to develop the underwriting and risk control for new products developed by LGA for its distribution partners
Monitor underwriting effectiveness and mix of risk for new products and business ventures, raising issues for further review, and ensuring risk mitigations are implemented
Communicate internally and externally with stakeholders to keep all relevant parties informed of changes to underwriting and the mix of risk
Critical Policyholder behavior analysis
Carry out actuarial analyses into the impact of policyholder behaviors on business value across relevant accounting methods.
Contribute to cross-functional teams, identifying LGA actions that will optimize behavioral outcomes.
Data
Collaborate with Data Science and Business Intelligence to obtain appropriate data to carry out actuarial analyses.
Establish regular pattern of updating and reviewing data, to support annual cycle of work, and to identify issues that need addressing off-cycle.
Communication
Draft papers and reports summarizing the findings of actuarial investigations.
Prepare management reports describing recommendations
Effectively delegate work within Product Performance and provide regular progress reports to Head of Product Performance
May assist with interviewing and training for Product Performance
Other duties as assigned.
EducationBS/BA Math/Statistics/Actuarial Science/Data ScienceASA or near FSAExperience/Knowledge5
years actuarial experience, including 3
years life insurance experience.
Ideal candidate will have experience and knowledge of pricing and underwriting in life insurance.
Skills
Proficient in actuarial modeling (MGALFA and GGY-AXIS preferred)
Proficient in data manipulation (R, Python, Excel, Tableau preferred)
Proficient in drafting documents (Word and Powerpoint preferred)
Highly collaborative with ability to be a team player on cross-functional teams
Excellent communicator
Organization and documentation
Ability to multi-task in a deadline-oriented environment
Self starting with internal motivation and initiativeThis role is to be filled outside the state of Colorado.
Job Title (External Posting):
Assistant Actuary Job ID:
2021-2532 External Company Name:
Legal & General America Street:
3275 Bennett Creek Ave Telecommute:
Yes.
Estimated Salary: $20 to $28 per hour based on qualifications.
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