Associate Actuary at Continental General

Description

Associate Actuary - Valuation

Continental General Insurance Company - Austin, TX 78717

Looking to join a growing company dedicated to helping others? We offer that, plus competitive salaries, a culture of learning, and a fast-paced environment. This is a hybrid position with 3 days in-office. Join our team to help make a difference in the lives of others! 

About Continental General:

The Continental General family of companies has provided insurance, including life and long-term care policies, to individuals and groups for over 30 years, and currently supports over 100,000 policyholders. Both our insurance company, Continental General Insurance Company, and our third-party administrator, Continental General Services, are committed to the continuous development of our infrastructure, processes, and people. The group is actively growing through expansion of both its insurance portfolio and its administrative services. With each opportunity, we take a collaborative approach to address challenges and provide unique solutions.

Your Role:

This position will primarily be focused on statutory valuation and financial reporting for the Company’s Life, Annuity, and Health Business.

Perform work under minimal supervision. Rely on experience and judgment to plan and accomplish goals. Work with significant authority on assignments of higher technical complexity and variety. Possess expert skills with internal and external statistical plans and sources of data, and the use of spreadsheet applications.

Responsibilities:

• Prepares and reviews monthly valuation process for the life, annuity, and health business, ensuring accurate and timely production of monthly valuations, and reviews and approves all necessary audit and control activities related to these responsibilities
• On an ongoing basis identifies opportunities to automate processes and expand modeling capabilities, and works with the team to implement these enhancements
• Implements assumption and methodology changes to actuarial models, ensuring compliance with all model risk management standards, especially documentation and testing requirements
• Participates in large-scale department projects
• Compiles, consolidates, and analyzes actuarial information to produce statements, schedules, filings, and reports of a more complex nature
• Provides actuarial analyses, responses, and communications to product areas
• Maintains awareness / currency of emerging issues affecting product lines
• Maintains documentation of actuarial analysis
• Provides technical advice to lower-level positions and other functional areas
• May lead the work of others (mentors, prioritizes, delegates and reviews assignments)
• Produces accurate and timely valuations every month
• Produces accurate and timely projection model runs as needed and completes all necessary audit and control activities related to these responsibilities
• Prepares actuarial portion of financial reports in accordance with and Statutory Accounting Principles (SAP)
• Provides actuarial information related to financial statements, tax returns, and / or risk position
• Analyzes and reviews reserves and non-forfeiture values of new and existing products
• Assists in the annual update of assumptions, implementing and / or auditing the implementation of assumptions into actuarial models
• Develops a deep knowledge of Statutory and tax reporting requirements
• Performs other duties as assigned

Qualifications

Qualifications:

• Bachelor's degree or equivalent in Actuarial Science, Mathematics, Statistics, or a related discipline
• Minimum of 5 years of relevant Actuarial experience; Statutory Life PBR experience is preferred
• Requires expertise in modeling, programming, or quantitative analysis
• Demonstrated experience in communicating and presenting statistical information to all levels of management
• Associate of the Society of Actuaries (ASA) designation is required, and candidate is typically completing additional coursework towards Fellowship (may have completed Fellowship)

Why Join Us?

• Opportunity to make a meaningful impact at a growing company while leading complex actuarial work in a collaborative and supportive environment
• Competitive salary and benefits
• Collaborative and fast-paced work environment.
• Professional development and growth opportunities within the insurance space.

Benefits:

• Competitive Salary & Target Bonus Program
• Retirement Savings – 401(k) with a company match
• Comprehensive Medical insurance through BlueCross BlueShield of Texas. Company-paid dental, vision, short-term & long-term disability, and life insurance.
• Work-Life Balance – 20+ days of PTO, 10 paid holidays, and paid volunteer time off.
• Flexible Work Options & Perks – Hybrid opportunity, wellness programs, and weekly paid lunch for onsite staff.
• Health Savings & Flexible Spending Accounts – Includes a company match for HSAs.