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.
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.
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.
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