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Actuary

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Position: ActuaryLocation: 1932 Wynnton Rd., Columbus, GA 31999Duties :• Under general supervision, code, parametrize, and utilize actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, or capital planning• Analyze output from models for reasonability and generate reports• Make adjustments and improvements to models, when appropriate• Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculations• Develop raw data into assumption basis with which to parameterize models• Utilize knowledge of actuarial standards of practice and business acumen to solve challenging actuarial questions• Work with other departments (eg. product development, financial, compliance,• and Japanese colleagues) to complete assignments on schedule; reviews and analyzes statistical data including morbidity, mortality and termination experience as well as policy provisions, state regulations, and other documents• Communicate the findings of actuarial work to managers and executives in an appropriate manner for business decisions to result• Aide in the representation of the department in internal and external groups for the benefit of the company• Use CFA knowledge to assist with investment analysis associated with asset modelingMinimum Requirements :• Must have a Bachelor's degree in Actuarial Science, Mathematics, or related quantitative discipline plus 2 years of experience in actuary positions. In the alternative, employer will accept a Master's degree in Actuarial Science, Mathematics, or related quantitative discipline.• Work or educational background must have included:• Coding models in various applications, including Excel, R, Matlab, and Stata• Performing data analysis, synthesizing it into something meaningful, and developing materials and presentation of findings.• Understanding data limitations and considering influence of business processes, market segmentation strategies, and industry factors on analysis.• Identifying, setting, and defending actuarial and financial assumptions.• developing, enhancing, and delivering actuarial and financial models that effectively evaluate risk.• analyzing statistical distributions with applications• applying estimation and inference with statistical methods and models• applying tools for pricing and reserving for short-term insurance, including actuarial model calculations, statistical model fittings, and parametric model selections• applying actuarial models for life contingent risks, including survival models, life tables, life insurance and annuity benefits, premium and reserve calculations• utilizing tools and techniques used by insurance companies and the investment process within the insurance industry• applying stochastic models to risk management• Microeconomic, Macroeconomic, and Econometric theory• Linear regression models, analysis of variance, nonparametric statistics, and Bayesian statistics• Must have completed at least three society of Actuaries (SOA) exams, including the Models for Life Contingencies (MLC) exam, working towards an Associate of the Society of Actuaries (ASA) designation.• Position may be eligible to work hybrid/remotely but is based out of and reports to Aflac offices in Columbus, GA. Must be available to travel to Columbus, GA regularly for meetings and reviews with manager and project teams within 24-hours' notice.• Salary Range - $114,837 - $130,000Recruitment:• Apply online https://careers.aflac.com/ or email resume to Adam Atkinson, Associate Counsel, Aflac, aatkinson@aflac.com

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Average salary estimate

$122418.5 / YEARLY (est.)

min

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$114837K

$130000K

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What You Should Know About Actuary, Aflac

Are you ready to take your career to the next level as an Actuary with Aflac in Atlanta, GA? In this pivotal role, you'll be harnessing your skills in mathematics, probability, and statistics to tackle fascinating challenges in pricing, reserving, and business planning. Working under general supervision, you'll code and parametrize actuarial models that drive significant business decisions. Your analytical prowess will shine as you assess model outputs, make adjustments, and generate detailed reports on your findings. Collaboration is key; you’ll partner with various departments to ensure projects are completed on time while communicating your insights to management and executives effectively. With a foundation of at least a Bachelor's degree in Actuarial Science or Mathematics, and ideally two years of relevant experience, you’ll have a substantial impact on how Aflac navigates risk and constructs its financial strategies. If you have a strong background in coding models using Excel, R, Matlab, or Stata, and you’re well-versed in statistical analysis, you’re the right fit for this dynamic position. Plus, the role offers the flexibility of hybrid work, requiring occasional travel to Columbus, GA. Aflac values its employees and provides competitive compensation in the range of $114,837 - $130,000. Let’s embark on this exciting journey together!

Frequently Asked Questions (FAQs) for Actuary Role at Aflac

What qualifications are necessary for the Actuary position at Aflac?

To become an Actuary at Aflac, candidates must possess a Bachelor's degree in Actuarial Science, Mathematics, or a related quantitative discipline, along with at least 2 years of relevant experience. Alternatively, a Master's degree in a similar field will also be accepted. Furthermore, applicants should have completed at least three Society of Actuaries (SOA) exams, including the MLC exam, as they work towards the Associate of the Society of Actuaries (ASA) designation.