Group 1001
is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued.
Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.Group1001 is looking for a business professional to join us as an Actuarial Analyst working on location in our home office on a hybrid basis. This position is part of a growing team providing essential support to the company's business.
This position will report to a Director in the Actuarial team.
Main Accountabilities
- Build, maintain and enhance actuarial models and processes for various purposes (e.g. pricing, rate setting, cash flow testing, asset-liability management, reserve valuation, corporate planning, experience studies) in support of corporate objectives, regulatory needs, and product management.
- Produce, summarize, analyze and communicate results including the implications of the results to other relevant work
- Provide peer review as requested.
- Design, test, and review model enhancements in support of new product features, new or updated product assumptions, new model versions and techniques, and/or other business requirements.
- Continually improve processes related to data quality and model efficiency and effectiveness.
- Ensure adequate governance and documentation of actuarial processes.
- Collaborate with cross-functional individuals throughout the organization to optimize results.
- Handle ad-hoc requests and special projects as needed.
- Continue progress towards FSA designation offered by Society of Actuaries through company supported Actuarial Student Program.
Qualifications
- Bachelor’s degree in actuarial science, finance, economics, math, statistics, physics, engineering or related field.
- 2 years of relevant actuarial experience.
- At least three Society of Actuaries actuarial exams passed.
- Strong analytical, organizational, communication (oral/written), project management, and solution finding skills.
- Proficiency in Excel (including VBA) and database tools (Microsoft Access, SQL, etc.)
- Experience with actuarial software (ALFA, Triton, and/or CASE preferred).
- Self-starter with the ability to balance multiple projects and priorities and meet deadlines.
Benefits Highlights:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. #LI-ST1
