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Life Actuary (ASA)

16055

We are Farmers!

We are… more than just your favorite commercials. We are a passionate, award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture! We are Farmers!

 

Do you thrive in a high-volume, fast-paced environment? Do you enjoy the challenge of a position where no two days are alike? We are looking for positive, high-energy professionals who are not just looking for a job, but a meaningful career!

Job Summary

We’re on a transformational journey and are looking for actuaries who can vision what could be along with the capability to bring that vision to life. In partnership with units across Farmers New World Life (FNWL), we are transforming the way Finance and Actuarial work with each other, as well as how we enhance our insights to guide and influence FNWL’s strategy.  If you thrive in times of change, we’re eager to hear from you!

 

As a Life Actuary (ASA) you will drive actuarial analysis, coordinating and advocating recommendations for implementing changes due to regulatory and management reporting requirements.  Opportunities exist in reserving, pricing and analysis, depending on interest and business need.  A Life Actuary (ASA) is a coach to the broader team, and if pursuing their FSA is supported by our Actuarial Education Program.

Essential Job Functions

  • Analyzes, recommends and implements appropriate revisions in actuarial methods and assumptions in areas with significant financial impact. 
  • Works independently to develop and implement appropriate solutions to actuarial issues. 
  • Directs the preparation of reports and financial projections to provide leadership with information needed to monitor and evaluate the impact of business decisions on profits.
  • May represent the business unit through participation in inter-departmental meetings and committees. 
  • Analyzes operations to recommend improvement for control and/or efficiency. 
  • Designs and conducts training and development of professional actuarial personnel to maintain efficient and accurate completion of projects. 
  • If pursuing their FSA, demonstrates satisfactory ongoing progress toward achievement.
  • Performs other duties as assigned.

Physical Actions

This role, whether performed virtually or in an office setting, will include normal and customary distractions, noise, and interruptions. Sits or stands for extended periods of time, up to a full work shift. Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping. Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance. Listens to, interprets, and differentiates auditory information (example others speaking) at normal speaking levels with or without correction. Visually verifies and reads information. Visually locates material, resources and other objects. Ability to continuously operate a computer for extended periods of time, up to a full work shift. Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.

Education Requirements

Bachelor's degree required. Associate of the Society of Actuaries or equivalent required.  Member of the American Academy of Actuaries a plus.

Experience Requirements

  • At least three years of actuarial experience.
  • A working knowledge of any of the following reporting bases: US Statutory, IFRS 17, Market Consistent Embedded Value (MCEV)
  • Five years of actuarial experience including two years as an Associate Actuary, Actuarial Assistant or the equivalent.

Additional Qualification

  • Excellent collaboration and team building skills. Experience working with business stakeholders to identify and implement enhancements to tools and processes.
  • Strong verbal communication and listening skills. Strong ability to communicate complex actuarial analyses and results.
  • Demonstrated analytical skills. Ability to perform analysis, measure results, and communicate actionable insights to decision makers.

 

Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidates' experience and skills.


 

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $101,360 - $147,000
    o CO Only: $95,040 - $126,700 
    o New York City, NY/Westchester County: $117,600 - $147,000 
    o WA Only:  $101,360 - $135,600 
  • Bonus Opportunity (based on Company and Individual Performance)
  • 401(k)
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • Paid Parental Leave
  • Tuition Assistance
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): R_US - RW - Remote Work

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on InstagramLinkedIn, and TikTok.

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