Return to Job Search Actuarial Analyst

Job Profile and Description

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.

*** 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. New grads MUST have a strong proficiency with Microsoft Excel. ***

Duties and Responsibilities

 - Determine the reserves required on a Statutory, GAAP, and Tax basis to ensure the company’s financial position to meet client claims.

- Determine the financial soundness of each line of business using loss recognition testing, gross premium valuations, asset adequacy analyses, and/or experience studies.

- Gather and analyze experience statistics to estimate population mortality, morbidity, lapse, persistency, and maturity rates.

- Work with accountants, compliance officers, marketing representatives, auditors, consultants, and senior management to develop and promote the proper reserving of insurance products.

- Use mathematical techniques and statistical concepts 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.

- Apply innovative solutions for resolving constantly changing business problems.

- Explain the risk and limitations of actuarial schemes in detail to a non-actuarial audience.

- Document the concepts, methodologies, and procedures that have been implemented.

Skills and Specifications

- Must have proven multitasking skills and can work under extreme pressure.

- Must have excellent analytical and computational skills (Microsoft Excel, Word, Access, PowerPoint); Actuarial Software (MG-ALFA); Financial Reporting Software (SAP) and Policy Administration Software (Life Support Plus and LifePRO).

 - 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.

U-Haul Offers: 

Full Medical coverage Prescription plans Dental & Vision Plans New indoor fitness gym Gym Reimbursement Program Registered Dietitian Program  Weight Watchers  Onsite medical clinic for you and your family Career stability Opportunities for advancement Valuable on-the-job training Tuition reimbursement program Free online courses for personal and professional development at U-Haul University® Business and travel insurance You Matter Employee Assistance Program Paid holidays, vacation, and sick days  Employee Stock Ownership Plan (ESOP) 401(k) Savings Plan Life insurance Critical Illness/Group Accident 24-hour physician available for kids MetLaw Legal program MetLife auto and home insurance Mindset App Program Discounts on cell phone plans, hotels, and more LifeLock Identity Theft Savvy consumer wellness programs - from health care tips to financial wellness Dave Ramsey’s SmartDollar Program U-Haul Federal Credit Union Wellness Program

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.