Location:
2721 N Central Ave, Phoenix, Arizona 85036 United States of America
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 Holding Company, and its family of companies including U-Haul International, Inc. (“U-Haul”), continually strives to create a culture of health and wellness. Consistent with applicable state law, U-Haul will not hire or re-hire individuals who use nicotine products. The states in which U-Haul will decline to hire nicotine users are: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Pennsylvania, Texas, Utah, Vermont, Virginia, and Washington. U-Haul has observed this hiring practice since February 1, 2020 as part of our commitment to a healthy work environment for our team.
U-Haul is an equal opportunity employer. All applicants 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.
Top Skills
What We Do
U-Haul serves millions of do-it-yourself household moving customers annually. Our primary service objective is to provide a better and better product and service to more and more people a lower and lower cost.
Since 1945, U-Haul has been the choice for the do-it-yourself mover. U-Haul customers' patronage has enabled the Company to maintain the largest rental fleet in the do-it-yourself moving industry which includes trucks, trailers and towing devices. U-Haul also offers storage throughout North America. The Company provides industry leading moving and storage boxes and an extended line of packing supplies to protect customer possessions. U-Haul is the consumer’s number one choice as the largest installer of permanent trailer hitches in the automotive aftermarket. The Company supplies alternative-fuel for vehicles and backyard grills as one of the nation’s largest retailers of propane.
U-Haul is the consumer’s number one choice as the largest installer of permanent trailer hitches in the automotive aftermarket industry.
The Company supplies alternative-fuel for vehicles and backyard barbecues as one of the nation’s largest retailers of propane.
