Role overview

Qualifications

Bachelor's degree in mathematics, statistics or actuarial science
Five years life actuarial experience
Completion of the Associate of the Society of Actuaries (ASA) designation
Working knowledge of Microsoft Office products (Word and Excel)

Responsibilities

Oversee and monitor monthly and annual experience studies and make recommendations for modeling assumptions, including mortality and persistency assumptions
Oversee the monitoring of major pricing assumptions for all products
Oversee the design and pricing of new products consistent with corporate objectives and needs
Maintain up-to-date information on changes in products offered by other life insurance companies

Key facts

Remote from: Michigan (USA)
Full time
Senior (5-10 years)
Actuary
English

Hard skills

Empirical Analysis Industrial Design Actuarial Science Government Regulation Analysis Actuarial Science Corporate Financial Reporting Industrial Design Multivariate Analysis Market Analysis Executive Leadership

Other skills

Spreadsheets
Microsoft Excel
Microsoft Word
Willingness To Learn
Analytical Skills

About the company

Michigan Farm Bureau Family of Companies

Insurance

Michigan Farm Bureau and the following Affiliated Companies constitute the Michigan Farm Bureau Family of Companies: Michigan Farm Bureau, Farm Bureau Mutual Insurance Company of Michigan, Farm Bureau Life Insurance Company of Michigan, Great Lakes Ag Labor Services, LLC, MFB, Inc., Michigan Agricultural Cooperative Marketing Association, Inc. (MACMA), Cincinnati Equitable Life Insurance Company, Gravity Works Design, LLC, and Leaders Life Insurance Company.The Michigan Farm Bureau Family of Companies offers its employees a well-rounded, healthy working environment, including competitive compensation and benefit programs, personal development opportunities, and an onsite fitness center. Consider becoming a part of this Michigan-grown company.

Company details

Company typeLarge

IndustryInsurance

Company size1001 - 5000

Links

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Job description

OBJECTIVE:

Senior Life Actuary Objective

To provide life actuarial programs, spreadsheets, reports, models, and supporting information for preparation of specific financial reporting, product development, and regulatory and analytical tasks. To incorporate new methodologies into actuarial functions.

RESPONSIBILITIES:

Senior Life Actuary Responsibilities

Oversee and monitor monthly and annual experience studies and make recommendations for modeling assumptions, including mortality and persistency assumptions.

Oversee the monitoring of major pricing assumptions for all products. Oversee the design and pricing new products consistent with the corporate objectives and needs. Maintain up-to-date information on changes in products offered by other life insurance companies.

Oversee and develop recommendations for interest rates and other non-guaranteed elements for existing products.

QUALIFICATIONS:

Senior Life Actuary Qualifications

Required: Bachelor's degree required, preferably in mathematics, statistics or actuarial science.

Five years life actuarial experience required.

Working knowledge of Microsoft Office products (e.g., Word and Excel) required.

Willingness to pursue continuing job-related training and education required.

Completion of the Associate of the Society of Actuaries (ASA) designation required.

Preferred: Seven years life actuarial experience preferred.

Experience in pricing, multivariate analysis, and reserving preferred.

Completion of the Fellow of the Society of Actuaries (FSA) designation preferred.

FIS Prophet modeling experience is preferred, but not mandatory.

Note: Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.

PM19