Actuarial Analyst - Pricing

Actuarial Analyst - Pricing

Company: Oxford Life Insurance Company

Oxford Life is seeking a talented Actuarial Analyst for the Actuarial Department of Oxford. This position reports to the Valuation Actuary. This is a great opportunity for an eager, motivated new grad of a bachelor’s program in Actuarial Science to begin a successful career at a strong life insurance company.

Armed with statistical, financial, business computational, and modeling tools, actuaries determine, assess and quantify the risks of threats to the organization becoming realized and develop policies and programs to cover or minimize the disruptive operational and financial cost to the organization. This makes actuaries essential in the life insurance industry.

Note: New grads MUST have a strong proficiency with Microsoft Excel.

Duties and Responsibilities

• Work directly with Valuation, compliance officers and senior management, and indirectly with accountants and marketing representatives to develop and promote the proper pricing of insurance products.
• Apply innovative solutions for resolving constantly changing business problems.
• Use mathematical techniques and statistical concepts in order to determine and assess the risk inherent in a particular scheme.
• Keep a close eye to the new research and developments that have arisen in the actuarial field.
• Maintain the veracity of the documentation of concepts, methodologies, and procedures that have been implemented.
• Oversee and manage the projection of cash flows and reserves, determining the appropriate profitability measures, and verifying the integrity of data presented on a Statutory, GAAP, and Tax basis.
• Determine the sensitivity of profit measures to a material shift in original assumptions.
• Explain the risk and limitations of actuarial schemes in detail to a non-actuarial audience.

Skills and Specifications

• Must have excellent analytical and computational skills (Microsoft Excel, Word, Access and PowerPoint); Actuarial Software (MG-ALFA); and Policy Administration Software (Life Support Plus and LifePRO).
• Must have proven multitasking skills and can work under extreme pressure.
• Must have excellent communication and interpersonal skills.

Education and Qualifications

• Minimum Bachelor’s degree in actuarial science, mathematics, statistics, accounting, or finance with an active pursuit of successfully passing Society of Actuaries actuarial exams.
• Preference will be given to candidates who have shown success in passing exams towards completion of their designation as an Associate or Fellow of the Society of Actuaries and have attained 1+ years of relevant actuarial experience working in the life insurance industry.

Salary and compensation commensurate with appropriate experience

U-Haul is an equal opportunity employer. All applications for employment will be considered without regard to race, color, religion, sex, national origin, physical or mental disability, veteran status, or any other basis protected by applicable federal, provincial, state, or local law. Individual accommodations are available on requests for applicants taking part in all aspects of the selection process. Information obtained during this process will only be shared on a need to know basis.

About Us

Since 1945, U-Haul has been serving do-it-yourself movers and their households. Like many other successful ventures, the concept for U-Haul was generated out of need. After World War II, there existed the widespread need for do-it-yourself moving equipment that would be available on a one-way, nationwide basis.

U-Haul co-founders L.S. "Sam" Shoen and his wife, Anna Mary Carty Shoen, recognized that need and acted upon it. Their visionary approach spread the cost of ownership among many users, facilitating the mobility of the populations of the U.S. and Canada. The covered wagon of the pioneers morphed into orange U-Haul trailers. In the process, an industry was born.

U-Haul Holding Company and its family of companies, including U-Haul, have strived to create a culture of health and wellness. As of February 1, 2020, and consistent with applicable law, no U-Haul Holding Company or its family of companies will hire individuals in states where it may lawfully decline to hire individuals who use nicotine products (Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Pennsylvania, Texas, Utah, Vermont, Virginia and Washington). This policy will not apply to team members hired before February 1, 2020.