Actuary

The Actuary performs actuarial work related to capital adequacy/financial strength, experience studies, actuarial modeling, asset liability management (ALM), valuation, retirement plan support, product development, pricing, non-guaranteed element determination and other business functions. Under minimal supervision, this job requires compliance with actuary practices and monitoring of changing regulations to ensure consistent compliance and delivery of optimal solutions to both internal and external clients.
Key Responsibilities and Duties

• Develops actuarial analyses with respect to the company's actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines, as well as overall financial strength of the company.
• Performs experience studies and assumption development for the annuity and life insurance lines of business.
• Develops asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.
• Works on various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.
• Performs valuations of actuarial reserves and liabilities.
• Performs asset adequacy testing and analyses of annuity and life insurance lines of business.
• Tests retirement plans for compliance with non-discrimination rules, calculation of allowable TDA plan contributions, actuarial valuation of defined benefit plans, and analysis of mortality trends and longevity risk.
• Develops annuity products, pricing, and policyholder illustrations; determination of non-guaranteed elements such as crediting rates and dividend scales.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 4+ years Required
• 7+ years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
8IC

Required:

• 4 + years of actuarial experience
• Associate or Fellow of the Society of Actuaries

Preferred:

• 7 + years of actuarial experience
• University Degree

Related Skills

Accountability, Actuarial Science, Business Acumen, Collaboration, Communication, Continuous Improvement Mindset, Executive Presence, Financial Acumen, Financial Modeling, Problem Solving, Relationship Management, TIAA Products/Services Acumen

Anticipated Posting End Date:

2024-11-22

Base Pay Range: $109,100/yr. - $165,300/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

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TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

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