Actuarial Specialist – EMCL

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

Designs and executes high level actuarial processes involving valuation, financial modeling, and management information. Leads and participates on cross-functional teams. Develops and recommends actuarial tools and techniques to manager. Maintains, enhances, and documents actuarial tools and techniques required for project or production work.  Assists with training team members on how to use actuarial tools and techniques.

Essential Functions:

• Leads the analyzing and refining of EMCNL’s financial model by proposing implementing changes and ensuring changes are documented and tested.

• Leads the quarterly and annual financial projection project. Gathers information from investment and accounting teams. Enters information into financial model and run a series of projections. Analyzes results of project to make recommendation on necessary amount of additional reserves. 

• Ensures the completion of financial and Asset Liability Management (ALM) projections using the financial model to project short- and long-term profitability

• Collaborates with manager on product development/pricing projects using actuarial modeling software AXIS

• Develops highly-automated tools and systems which maintain the data integrity necessary to produce accurate results while also maintaining the flexibility to report data broken down by many factors such as product, gender, underwriting class, face amount, etc. to help with mortality and lapse studies

• Develops and evaluates new and existing tools and works on projects to improve the management information capabilities of the actuarial team, such as data reporting.  Analyzes data and provides report insights based on results to stakeholders throughout EMCNL.

• Makes recommendations based on analysis and communicates them as appropriate to EMCNL teams.

• Develops and recommends actuarial tools and techniques that support the actuarial process, such as evaluation and rate study.

• Leads and/or participates on cross-functional teams, such as the interest rate team and product implementation team Leads and conducts independent research and analysis and provides input and findings to various teams.

Education & Experience:

• Bachelor’s degree in actuarial science or math or related field

• Five years of actuarial experience

• 4-5 exams or equivalent relevant experience

• Additional experience, exams or graduate level coursework may be considered in meeting the requirements

Knowledge, Skills & Abilities:

• Excellent knowledge of statistics, probability and computer programming

• Strong ability to perform modeling, pricing, financial reporting and reserving skills

• Thorough knowledge of actuarial terminology, concepts and theory

• Thorough computer skills, including knowledge of Excel and Word

• Thorough knowledge of at least one computer language, such as R, SAS or SQL (SQL is preferred)

• Excellent analytical, investigation and problem-solving abilities

• Strong ability to effectively lead a team and special projects

The hiring salary range for this position will vary based on geographic location, falling within either of the following:

A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.

For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers.

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

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