Actuarial Analyst

Job Description:

Penn Mutual's Actuarial Analysts will gain valuable experience in at least three different areas of practice. Pursues professional development in the actuarial profession through rigorous self-study and successful completion of actuarial exams, with ultimate advancement toward ultimate goal of FSA.
We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.
Responsibilities

• Use basic actuarial techniques to perform data validation and analysis
• Assist in analyzing actuarial research and audits
• Perform basic to moderately complex actuarial tasks, which are mathematical and/or higher level clerical nature
• Compile and categorizes routine data for experience analyses and prepares related reports
• Assist in preparing schedules of statistics, financial statements, premiums, reserves and benefits, documenting and verifying the factors used in related computations
• Assist in the development of presentations to management and external parties such as regulators and rating agencies
• Active team member accountable for working towards shared goals and objectives
• Provide support and data analysis needed for departments such as Accounting, Claims, and Product Management
• Comply with all company and site policies and procedures
• Responsible for adherence to the company’s framework of internal controls
• Work collaboratively and may participate on or lead project teams
• Identify, recommend and implement ongoing process improvements
• Perform various other related duties, assignments and special projects as assigned
• Product Management Focus:
  • Assist with the design and pricing of new products and pricing, reserving, or research reviews for assigned products
  • Address policyholder service requests, including in-force illustrations
  • Complies with all company and site policies and procedures

Skills and Abilities

• Good interpersonal skills
• Strong analytical, problem solving and critical thinking skills
• Must be detail-oriented and be able to handle multiple tasks/projects as well as exercise initiative and follow-through to meet deadlines
• Excellent written and verbal communication skills
• Ability to establish and sustain positive relationships
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement
• Ability to work with others in a collaborative team environmen

Education

• Bachelor's Degree major/concentration in Actuarial Science, Mathematics or related discipline Required

Experience

• 0-3 Years of experience Required and
• One exam toward the eventual attainment of ASA Required and
• Committed to pursuing the FSA designation Required and
• Life or Annuity pricing or valuation or modeling experience Preferred

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit www.pennmutual.com.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.